The Saskatchewan Pension Annuity Fund (SPAF) is for members of PEPP who want to buy an annuity as a source of retirement income.
The advantage of a SPAF annuity is that it provides you with a consistent stream of income. You don’t have to worry about outliving your money. Your monthly income is guaranteed for your lifetime and your spouse's lifetime, if applicable.
Annuities provide stable income because the issuer of the annuity assumes all of the investment risk. Your income remains fixed regardless of how investments are doing.
Many factors help determine which retirement option is best for you. When you are considering your retirement income options, contact PEPP to get a SPAF annuity estimate.