A Return To Balance: STRP Reaches Fully Funded Status

July 6, 2022

In December 2021, the STF Pension and Benefits Board of Directors received its valuation report from the STRP’s actuary.  It showed that, for the first time since 2010, the STRP was 100% funded on a going-concern basis as at July 1, 2021. Total assets increased to $7.2 billion.

Pension plans in Saskatchewan must perform and file valuations with the provincial and federal regulators at least every three years. Funding valuations compare the Plan’s assets and liabilities to determine the financial health of the Plan and the contribution level required to fund its long-term pension obligations.

This marks the fifth straight improvement in the Plan’s funded status since 2015 when significant changes were made to address a funding deficit caused in large part by the recession in 2008.