Learn more about COVID-19 in Saskatchewan. Daily case numbers and information for businesses and workers.

The Re-Open Saskatchewan plan was released on April 23rd.

<p><strong>Google Translate Disclaimer</strong></p> <p>A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:</p> <p><a class="btn-application" href="~/link.aspx?_id=D678FFBC890C446F8B52E01E2657035D&amp;_z=z">Renseignements en Fran&ccedil;ais</a></p> <p>Where an official translation is not available, Google&trade; Translate can be used. Google&trade; Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.</p> <p>Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).</p> <p>Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google&trade; Translate, please visit: <a href="https://support.google.com/translate/?hl=en"><strong>Google&trade; Translate FAQs</strong></a>.</p>

Lump Sum Pay at Retirement

Released on April 4, 2018


The Financial and Consumer Affairs Authority (FCAA) wants to remind people that not all pension plans are the same and some have a lump sum payment upon retirement, while others provide a monthly pension cheque for life.

“It’s important for people to know if they will receive a lump sum payment or a monthly payment as that can effect retirement budgeting,” FCAA Pension Division Director Leah Fichter said.  “It can be stressful figuring out how to make a lump sum last the rest of your life.  There are resources available to help you.”

If you receive a lump sum payment, here are some points to consider:

  • Talk to a financial planner, a professional who has experience managing people’s retirement money.
  • Make a budget, so you can track your income and expenses.
  • Talk to your current pension plan administrator, so you can learn about retirement planning resources.
For more information on retirement planning, visit www.fcaa.gov.sk.ca/lumpsum


For more information, contact:

Shannon McMillan
Financial and Consumer Affairs Authority
Phone: 306-798-4160
Email: shannon.mcmillan@gov.sk.ca

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