SPAF Plan Governance
Plan Governance
In broad terms, governance is the structure and processes used to administer a pension plan under legislation and in the best interest of Plan members.
The Saskatchewan Pension Annuity Fund (SPAF) Board has established a review process to assess its governance practices.
The SPAF CAPSA Governance Self-Assessment Questionnaire is modeled on the Canadian Association of Pension Supervisory Authorities’ Pension Plan Governance Guidelines.
This questionnaire is completed each year by a person who has the best knowledge to answer each question, and is approved by the Chairperson of the Board.
SPAF Governance Self-assessment Questionnaire
To aid it in its governance of the Plan, the Board has adopted a code of conduct and conflict of interest policy.
SPAF Code of Conduct and Conflict of Interest Procedures
| Saskatchewan Pension Annuity Fund Board | |
|---|---|
| Chair - Sheri Lucas | Executive Director, Taxation and Intergovernmental Affairs Branch, Ministry of Finance |
| Carole Braumberger | Executive Director, Total Rewards, Public Service Commission |
| Amy Gates | Director, Banking and Cash Management, Treasury Management Branch, Ministry of Finance |
| Observer - Tom Zabel | Executive Director, Personnel Policy Secretariat, Ministry of Finance |
Investment Policies
The Statement of Investment Policies and Goals (SIP&G) provides a framework for management of the Saskatchewan Pension Annuity Fund's assets within acceptable levels of risk.
The SIP&G decides what type of investments and in what amounts. It also provides investment managers with specific performance standards. Investment managers watch for compliance to the SIP&G and their performance is measured quarterly.
Statement of Investment Policies and Goals