The Group Retirement Fund is sponsored by the University of Saskatchewan in conjuction with the Service Provider (Sun Life Financial) for members of the Academic Money Purchase Pension Plan and will offer a Prescribed Retirement Income Fund (PRIF) and several other retirement vehicles, where applicable.
The main purpose of the Group Retirement Fund is to provide members who are retiring under the Academic Money Purchase Pension Plan a viable, seamless and cost efficient alternative to transferring their pension funds to a PRIF in the market place to provide a retirement income.
The Board has also approved that all members of the Academic Defined Benefit Pension Plan (who opt for the payout option in lieu of a pension from their plan), Academic Money Purchase Pension Plan and the Research Pension Plan who are retiring may transfer their pension contributions to the University of Saskatchewan Group Retirement Fund. You will be able to purchase a PRIF through the Group Retirement Fund and invest your funds in any of the eight investment options in the Group Fund.
If you have any questions about the Group Retirement Fund, please contact either Heather Fortosky (Director of Pensions) or Kendra Dumont (Pension Manager) at 966-6633. To view the Group Retirement Fund Harvest Your Savings presentation, please click on the link below: