Active and Retired Members to Receive Another Year of Pension Increases

The Saskatchewan Teachers’ Federation Executive recently approved another year of conditional increases to both active and retired members’ pensions.

On January 1, 2025, retirees will also receive their regular guaranteed cost-of-living adjustment (COLA) on their pre-2015 pension. This year’s increase is 2.1 percent.

Conditional increases help your pension keep up with inflation to provide a more meaningful retirement benefit. This is the fourth year in a row that the STF has provided some level of conditional increases to STRP members’ pensions.

Who is Eligible for Conditional Upgrades?

Any teacher who:

• provided service under contract OR
• provided at least 20 substitute teaching days OR
• received benefits from the Teachers’ Long-Term Disability Plan in the 2023-24 or 2024-2025 school years, AND
• who has not retired or received a termination benefit from the Plan on or before June 30, 2025.

Who is Eligible for Conditional COLA?

All retired members who are receiving a monthly pension as of December 31, 2024, will be eligible to receive the conditional COLA along with their guaranteed COLA increase.