SARC administers a Pension Plan that is open to SARC Members and Non-Member organizations that are funded by the Ministry of Social Services. There are currently approximately 110 participating employers and nearly 3,500 employees under the plan.
The Pension Plan is a Registered Defined Contribution - Money Purchase Plan through The Co-operators. It is a matching plan with the employee contributing 4% of pensionable earnings and the employer matching that amount.
If an organization chooses to participate in the Pension Plan, there is mandatory enrolment of all eligible employees and a mandatory 4% contribution level (and match). An organization that has chosen to participate would complete and sign a “Participation and Liability Agreement” with SARC and the necessary agreements with The Co-operators.
If you require additional information or wish to participate in the SARC Pension Plan, please contact John Friesen, Manager, Payroll & Benefits at 306-933-0616 or by email.
If you are a SARC Member, you can access additional information on SARC’s pension plan via the Online Resource Area.
Participation in the Group Benefit Plans is open to SARC Members and Non-Member organizations that are funded by the Ministry of Social Services. SARC administers three benefit plans; currently, there are over 110 participating employers and nearly 2,000 employees receiving coverage under the plans. Although there are three benefit plans administered by SARC, currently only one (Plan #164088) is open to new members. The current service provider is Great West Life.
The Base Plan consists of:
Additional coverage options are:
Organizations can customize the plan with coverage that suits their needs and meets their budget. Once enrolled and plan options have been chosen, an organization is considered a “participating employer”. A participating employer may enhance the plan option choices at any time after having joined the plan; however, it cannot revert back to a lesser coverage. For example, if a participating employer chooses to add STD, it does not have the option to discontinue it.
Participating employers are required to complete and sign a Benefit Liability Agreement which pertains to the duties and responsibilities of participating employers under the SARC Group Benefit Plan.
If you require additional information or wish to participate in the SARC Group Benefit Plan, please contact John Friesen, Manager, Payroll & Benefits at 306-933-0616 or by email.
If you are a SARC Member, you can access additional information on SARC’s benefit plans via the Online Resource Area.