May 11 – March 31 PEPP Member Statements are delayed. We are making every effort to ensure they are mailed and posted to PLANet by the end of May. In the meantime, you can use PLANet to check out almost every statement component online such as personal information, account balance, beneficiary information, personal rate of return and transactions. Login to PLANet today!
Ready…Set…REGISTER!!! PLANet – your new online pension account system has launched!
If you have not registered yet – it is easy! You need three things, your member number, date of birth and home postal code. Your member number is shown on the first page of your member statement and also in the registration package that was mailed to all members recently. Just click on the PLANet logo on our website and off you go!
COVID UPDATE - MEMBER SERVICES BY PHONE ONLY
Our Pension and Benefits Information Officers and Certified Financial Planners would be very pleased to assist you by phone. Our reception area on the main floor will remain open for drop off and pick up of forms. We thank you for your understanding as we continue to provide you with the best possible customer service in this challenging time.
The Public Employees Pension Plan
PEPP is a defined contribution pension plan. Your contributions and your employer’s contributions, plus any return on investment, will be used to provide you with income based upon the account balance you have built, when you retire. Your account balance is the number of units you have in each fund multiplied by the current unit value for each fund.
Are you invested in either the PEPP Conservative Fund or PEPP Bond Fund? Knowing these two funds have seen negative returns in recent months, we want to explain why this happens from time to time.
Both the Conservative Fund and the Bond Fund invest heavily in fixed income assets. That’s why these funds tend to appeal to members who: 1) see capital preservation as a priority and, 2) have a low tolerance for equity risk. Also, these funds typically see relatively low returns and price fluctuation.
Walking the risk tightrope
As with any investment, each PEPP investment option has some level of short-term and long-term risk associated with it, including these two funds.
The difference between the…Read More