SHEPP is governed Board of Trustees, equally appointed by 3sHealth and Saskatchewan’s four largest healthcare unions.

As the Plan administrator, the Board of Trustees has fiduciary responsibilities to Plan members and beneficiaries. This means they must act in good faith and in the best interests of members and their beneficiaries when carrying out these responsibilities.

SHEPP approaches investment with a long-term view, assessing the effectiveness of investments against targets used by the Board to ensure the Fund meets members’ needs. SHEPP also compares its investment results to baskets of investments (also known as indexes) to understand how successful its investment strategy has been. This is called “benchmarking”.

While some investment risk is unavoidable, SHEPP works hard to create a reasonable balance between risk and return. Factors like interest rate volatility, geopolitical tensions, and shifting global economic conditions present potential risks for the Fund. At the same time, rising longevity, changing workforce demographics, and increasing demand for retirement income security continue to illustrate the need for prudent funding policies, disciplined investment strategies, and clear frameworks for managing surplus.