2024Annual Report and
0
SFPP Members (increase of 2.9% from 2023)
$0
Average Annual Pension (increase of 2.9% from 2023)
0 New Retirees
0 New Members
On an accounting basis
$0B
Assets ($4.22B in 2023)
$0B
Obligations ($3.67B in 2023)
On a funding basis
The Plan is 99.9% Funded
| Investment Returns |
|---|
12.59% 1-Year Investment Return (8.80% in 2023) |
7.09% 4-Year Investment Return (5.12% in 2023) |
Dave Paton, Chair
Board of Directors
Board of Directors
Liz Doughty, CEO
SFPP Corporation
SFPP Corporation
2024 Highlights
Contribution rates reduction starting in 2025
- Members: 13.2% (down from 13.45% in 2024)
- Employers: 14.30% (down from 14.55% in 2024)
Member education sessions
- 3 sessions held in the fall, more than 150 total participants
Enhancing online tools
- Online document centre to house important pension-related documents in one area
- An ‘action required’ tab to clearly display next steps in a process
- Multifactor identification for more security
- Pre-authorized direct deposit payments for buybacks
- Improvements to the online retirement tool
Investment Management
In 2024, the SFPP Fund finished the year with a positive 12.59% investment return. This performance is well above the most recent actuarial valuation’s assumed rate of return (5.50%) and resulted in an increase in market value of approximately $553 million for a fund value of $4.74 billion.
