News

Tuesday, August 4, 2020
Media Advisory

Patrick Maze, President of the Saskatchewan Teachers’ Federation, will be available to provide comment on the Saskatchewan government’s Return to School Plan this afternoon.

Media Availability

Date: Tuesday, August 4, 2020
Time: 4 p.m.
Place: Via Zoom meeting   https://zoom.us/j/91492528284?pwd=RHl6allBbXV1eUtXTUZrOHRkOTlQZz09
Password: STF1Press!

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Wednesday, July 29, 2020
News Release

SASKATOON – Saskatchewan Teachers’ Federation is confirming teachers will not be assigned to work in this fall’s provincial election.

“I spoke directly to the Ministry of Education, the Chief Electoral Officer and school boards to affirm that teachers will not be mandated or assigned to work the election,” said Randy Schmaltz, Executive Director, Saskatchewan Teachers’ Federation. “Each organization has provided confirmation there is no intent to assign teachers to work at polling stations.”

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Wednesday, July 15, 2020
Pension & Benefits

The COVID-19 pandemic has led to volatility in the financial markets. You may have questions about how the resulting economic downturn will affect your pension. Remember, one of the advantages of your pension plan is that investment results do not directly impact your pension amount. Instead, your pension is calculated using a formula that takes into account your years of service and your earnings.

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Wednesday, July 15, 2020
Pension & Benefits

Starting on December 1, 2020, new standards will come into effect that will change the way we calculate the lump sum values that are paid out of the Plan. If you terminate your employment before reaching retirement age, you have the option to leave your money in the Plan and receive a future monthly pension or to transfer out the lump sum value of your future pension. We call this lump sum your “commuted value.”

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Wednesday, July 15, 2020
Pension & Benefits

Earlier this year, the Saskatchewan Teachers’ Federation filed a funding valuation as at July 1, 2019. The purpose of a valuation is to gauge the overall health of a pension plan by determining if it will have enough money to pay future pensions on a long-term basis. The July 1, 2019 valuation showed that the Saskatchewan Teachers’ Retirement Plan’s funded status (the amount of money we have to pay future pensions) had improved from 97.4 percent in 2017 to 98.7 percent in 2019.

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