Pension Programs

SiPP

School boards may enroll in the ASBA’s registered, Supplemental Integrated Pension Plan (SiPP) if they choose to offer senior employees enhanced pension benefits. The ASBA governs the plan. Actuarial and administrative services are provided by Morneau Shepell.

Learn more about SiPP here: SiPP at a Glance

 

COVID-19 Update – Your Pension Is Secure

With the COVID-19 situation resulting in significant volatility in financial markets, many people are concerned about their financial well being. As a member of the ASBA SiPP, you can be rest assured that your SiPP pension remains secure. The SiPP is a defined benefit (DB) pension plan, which means the pension paid for your lifetime is calculated based on your earnings and eligible service (subject to maximum pension limits). Your SiPP pension is not affected by fluctuations in the financial markets and will provide you with a secure and predictable retirement income for life.

SiPP Governance Board Representatives

Sheri Wright, Chair
Trustee, St. Albert Public Schools

Dwight Wiebe, Vice-Chair
Trustee, St. Paul Education Regional Division

Allan Kallal
Associate Superintendent Business & Finance, Fort McMurray Public School Division

Zach Smith
Finance Manager, ASBA

Key contacts

Questions about enrolling in SiPP

ASBA
1.780.482.7311

Questions about your current plan

Kevin Smiley, FCIA, FSA
Consulting
1.778.327.5386

Brendan Engle
Consulting & Administration
1.604.642.5200  Ext. 4534

Tammy Tsui
Administration
1.604.642.5200  Ext. 6258

Or by email at: asbapension@morneaushepell.com

Mailing address

Morneau Shepell
Suite 400, 411 Dunsmuir Street
Vancouver BC  V6B 1X4