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Notice of 2021 AGM Meetings & Call-in Instructions

Power Pioneers Association of Saskatchewan Inc.  (PPAS)

2021 Annual General Meetings (Combined as Call-in Meetings for 2021)

Northern part of the province October 20, 2021 at 1 pm

Southern part of the province October 20, 2021 at 1 pm

Agenda

Call to Order

Approval of Previous Annual General Meeting Minutes

Financial Report

            Audit

Membership Report

President’s Report

Election of Officers

Adjournment

The Annual General Meetings will be held by conference call this year. 

  • The Host will join the meeting at 12:45 pm in order to allow time for participants to join before the meeting start time of 1:00 pm.
  • To participate in the meeting, dial 1-(403)-407-5788.
  • You will hear “Hello and welcome to the meeting. Please enter your pass code followed by the pound or hash (#) key and I’ll connect you.” 
  • Your Participant pass code is 319675.
  • “Please hold while I confirm your pass code. Welcome to SaskTel’s conferencing services.  Please wait for the tone, then say your name, then press the pound or hash (#) key.”
  • Say your first and last name We need a list the participants for the meeting records just as we have a sign in sheet for an in-person meeting.
  • “Everyone will hear music until the Host joins the meeting.”
  • In order to keep the background noise to a minimum, participants can Press *6 to mute or “unmute” line.
  • If you wish to speak during the meeting, please identify yourself.

Power Pioneers Association of Saskatchewan Inc. (PPAS)

President’s Report September 2021 and Notice of 2021 Annual General Meetings

It is once again time for the PPAS Annual General Meetings (AGM).  Due of the global Covid-19 pandemic, your Board of Directors has decided to hold the 2021 AGMs by conference call.  Members in both the Northern and Southern parts of the province will meet on Wednesday, October 20, 2021 at 1:00 pm.  All of the meeting documents are contained within this message.

Your annual $10.00 membership fee enables the Association to carry on its efforts to protect and enhance your pension plan.  PPAS needs your involvement to be effective. There is no other organization whose primary goal is to protect your interests in your pension plan. We need to remain strong in advancing and protecting our interests.  On the front of this mailing’s envelope is the expiry date of your membership. If you are not current, please mail in your dues with the membership form shown at the bottom of the directors’ list.  You now have the option to electronically transfer your fees to the PPAS through your financial institution’s online banking.  First of all, you must set up PPAS as a Contact with ppastreasurer@gmail.com as the receiving email.  Your financial institution may make you establish a security question and answer, but you will not need to use it since PPAS has set up auto-deposit.

We are working to expand our membership by encouraging non PPAS superannuates to join.  If you know of a superannuate who is not a member, please ask him/her to join the PPAS.  SaskPower now distributes a PPAS membership form in their retirement packages to PCSP members.

For the 2021 AGM, we will again be sending the materials via Canada Post PLUS an electronic copy to those for whom we have email addresses.  If you receive the electronic copy and would prefer to only receive future AGM materials electronically, please REPLY to the email stating your preference.  To update your email address (or your physical address) there is a “Contact PPAS” button at the top of the Power Pioneers Association of Saskatchewan web site (https://powerpas.com).

Financials 

As of June 30, 2021, membership of the SaskPower Superannuation Plan consisted of 1,089 superannuates, 474 survivors and nine active members. All active members have achieved 35 years of pensionable service.

 

The Plan investment return is as follows:  as at June 30, 2021, one year rate 8.7%, four year rate 6.4%, and ten year rate 7.7%.  The Plan investment return one year ago was, on June 30, 2020: one year rate 2.8%, four year rate 7.3%, and ten year rate 8.8%.

 

As of June 30, 2021, the Net Assets Available for Benefits is $670 million.  On June 30, 2020 it was $674 million. Therefore, from June 2020 to June 2021, the net assets available for benefits has decreased by approximately $4 million.  In this 12-month period $60 million, virtually the same as previous year, was paid out in pension obligation payments. The last five years payments have been, in reverse order, $60M, $61M, $62M, $62M, and $62M.

 

Yours truly,

Brian Ross – President, Power Pioneers Association of Saskatchewan