Saskatchewan’s Public Employees Benefits Agency is finalizing the modernization of its pension administration system.
Earlier this month, the province’s Public Employees Pension Plan converted to the PEBA’s new platform which includes the new PLANet system, an online self-serve portal for employees and members of both the PEPP and the Municipal Employees Pension Plan. The MEPP migrated to the new administration platform and PLANet in 2019, according to a press release.
The PEBA said PLANet gives PEPP and MEPP members access to their account balance and all contribution records and allows them to set their communication preferences, change their contact information, update beneficiaries and change their investment allocations and future instructions. Employers can also use the system to process contributions, enrolments, terminations and leaves.
The project began in 2015, when the PEBA decided to create a single system for the 12 pension plans that it administers, several of which used aging technology in their administration platforms, the release said.
“This was a PEBA-wide initiative that involved people from almost every branch in the agency, working together as one team to create a system we can all be proud of,” said Dave Wild, associate deputy minister at the PEBA, in the release.