Purchasing Service Prior to Retirement?

If you plan on purchasing pension service before you retire, please give yourself a year to complete the process.

Why does it take a year?
Purchasing service involves several steps, and giving yourself a full year ensures that there’s enough time to:
• gather and submit the required information.
• have the STRP pension specialists prepare your quote.
• review the information and decide if you want to purchase the service or not.
• allow additional time if a Past Service Pension Adjustment (PSPA) needs to be submitted to the CRA before the purchase can be finalized.

You can read more details on the Purchases of Service page on the STF website.

REMINDER

Here are the types of pension service you can purchase:

• Maternity, paternity, adoption or parenting absence
• Sabbatical leave
• Education leave
• Deferred salary leave plan
• Compassionate care
• Private school
• Outside service (in Canada)
• Provincial schools
• Saskatchewan Urban Native Teacher Education Program