After a quarter-century of success, the Saskatchewan Pension Plan (SPP) may help plant the seed for Canadian pension reform. Benefits Canada talked to SPP general manager Katherine Strutt about how the SPP and PRPP can coexist.

Why is the SPP being looked at as a model for the PRPP?
It’s simple to use, easy to understand and easily accessed. There are not a lot of bells and whistles, but it’s well managed and well run. Employers like it because the money they put in stays there, and it doesn’t add any liability to their bottom line. From an employer’s and an individual member’s standpoint, it doesn’t take a lot of their time.

Do you worry that a PRPP structured similarly to the SPP will affect participation rates in your plan?
I’m hoping they have a finance ministers’ meeting after all of the [provincial] elections are done so that we can continue the discussion and see what’s going to happen, because right now, we’re very much in limbo. The SPP will continue, but what a PRPP will look like and what changes we’d have to make to be onside with that is still very much up in the air.

We’re not afraid of competition. I think that we have a niche to fill in the market. The playing field will change, and we will adapt to it. I think that we have a great product that resonates really well with people.

What do you think has kept other provinces from creating a plan similar to the SPP?
It’s expensive. Now that it’s up and running, it’s great. But I think what keeps some [other provinces] from doing it is the start-up costs.

What will be the secret to continued success for the SPP?
The small business focus will continue to be our growth model for the next couple of years. This is something that gives [small businesses] a pension plan, but without adding to their personal or business liability. And it gives them quite a bit of flexibility and portability. We just have to keep getting that message out there, and I believe there’s a lot of the market that will allow us to grow.

Neil Faba is associate editor of Benefits Canada.

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Copyright © 2020 Transcontinental Media G.P. This article first appeared in Benefits Canada.

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She is voicing a Conservative ideal. Fact is the Conservatives have had the privatization of the CPP as a goal since their conception! Now, with present Conservative majorities it is a promise they will do exactly that!

The Conservatives would not increase coverage of the CPP siting Morton of Alberta saying it wouldn’t fit Alberta Plans.

Since then, Alberta Conservatives have been busted for stealing multi billions of dollars from pension funds under their trust and control so Morton’s objections are out the window.

Alberta had a long debate with the RCMP as to whether they would continue as Alberta’s police force.

Behind this is a contractual agreement the RCMP cannot investigate the Alberta Conservative Government unless they first get the okay from the Receiver General of Alberta.

That condition has allowed Alberta to fleece the Heritage Trust and Pension funds with Immunity.

Friday, December 16 at 10:33 am | Reply


Above should have read “Unless approval is first received from Alberta’s Governor General,

Link to the original routing is at

There is no indication they intend to pay any of it back out of royalty which is where the results of the draw ended up.

Friday, December 16 at 4:03 pm | Reply

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