The Power Corporation Superannuation Plan (PCSP) originated with the passing of The Power Commission Superannuation Act in 1944. The PCSP is a defined benefit pension plan governed by:
The Plan comprises present and former employees — hired prior to Oct. 1, 1977, who did not elect to transfer to the defined contribution plan before Oct. 1, 1978 — of SaskPower, SaskEnergy and other corporations that have been designated institutions by the Lieutenant Governor in Council.
To provide continuous pension benefits for Plan members through prudent stewardship of assets and liabilities, as well as effective plan administration in accordance with current legislation.
The PCSP board is responsible for the overall governance and administration of the Plan. The board selects the Plan’s actuary, custodian and investment managers, and establishes the overall investment policy.
The Lieutenant Governor in Council appoints board members based on recommendations from The Power Pioneers Association and SaskPower and SaskEnergy management.
- Grant Ring, Chair
- Rachelle Verret Morphy, Vice-chair
- Troy King
- Maria McCullough
- Ken Pielak
- Brian Ross
- Kerry Friesen