The Saskatchewan Teachers’ Retirement Plan (STRP) plays a critical role in helping educators in Saskatchewan build financial security for their retirement years. Managed by the Saskatchewan Teachers’ Federation, this defined benefit pension plan serves teachers who began working in the province’s educational system on or after July 1, 1980.
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This guide breaks down everything you need to know about the STRP pension payment dates for 2025, current contribution rates, and what you can expect from the plan.
STRP Pension Payment Dates 2025
STRP pension payments are deposited on the last business day of each month, ensuring a regular and predictable income stream for retired teachers.
Here’s the full list of STRP pension deposit dates for 2025:
- January 31, 2025 (Friday)
- February 28, 2025 (Friday)
- March 31, 2025 (Monday)
- April 30, 2025 (Wednesday)
- May 30, 2025 (Friday)
- June 30, 2025 (Monday)
- July 31, 2025 (Thursday)
- August 29, 2025 (Friday)
- September 29, 2025 (Monday)
- October 31, 2025 (Friday)
- November 28, 2025 (Friday)
- December 31, 2025 (Wednesday)
These monthly payments are an essential part of retirement planning, allowing retired teachers to manage expenses with stability and peace of mind.
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STRP Contribution Rate for 2025
Active STRP members continue to make contributions from their salaries until they retire or leave the profession. The contribution rates are based on salary and whether earnings fall below or above the Year’s Maximum Pensionable Earnings (YMPE).
For 2025, the STRP contribution rates are as follows:
- 7.5% of salary up to the YMPE
- 9.25% of salary above the YMPE
These contributions are pooled to fund future pension payments and ensure long-term sustainability of the plan.
How STRP Pensions Are Calculated
The STRP is a defined benefit plan, which means your pension amount isn’t based on market performance, but rather on a pre-set formula. This formula takes into account:
- Your average salary (typically the best five years)
- Your years of credited service
- Your age at retirement
The result is a reliable, predictable pension income that grows over time—especially with the addition of cost-of-living adjustments (COLAs), if granted.
Why STRP Matters
As a teacher in Saskatchewan, your retirement plan is one of your most valuable financial assets. The STRP offers:
- Monthly income for life
- Survivor and spousal benefits
- Inflation protection (when applicable)
- Peace of mind through a well-governed, professionally managed pension system
Whether you’re nearing retirement or early in your teaching career, staying informed about your STRP pension helps ensure you’re prepared for the future.
Need help estimating your monthly pension? Want tips on coordinating STRP income with CPP, OAS, or RRSPs? Just ask—I’ve got your back!