News brief

Saskatchewan proposes pension protections for variable lifetime annuities

Saskatchewan introduced amendments to its pooled registered pension plan legislation on November 3 to extend creditor protections to future variable payment life annuities while preserving the ability to enforce family support orders and divide pension income following relationship breakdown. These annuities would provide lifetime income with payments that change according to investment performance and member longevity. The provincial amendments are proposed legislation, and the availability of the option also depends on corresponding federal changes taking effect.

Saskatchewan introduced amendments to its pooled registered pension plan legislation on November 3 to extend creditor protections to future variable payment life annuities while preserving the ability to enforce family support orders and divide pension income following relationship breakdown. These annuities would provide lifetime income with payments that change according to investment performance and member longevity. The provincial amendments are proposed legislation, and the availability of the option also depends on corresponding federal changes taking effect.

Original source: Government of Saskatchewan, November 3, 2026.

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