About the Healthcare Employees' Pension Plan

The Healthcare Employees’ Pension Plan was established effective January 1, 1997, to provide pension benefits to Manitoba’s healthcare employees, retirees and their beneficiaries. With 79,000 members and $7 billion in assets as at December 31, 2016, the Pension Plan is one of the largest pension funds in Manitoba and among the top 50 in Canada.

The Plan is governed by an independent, 12-member board of trustees, with equal representation from healthcare-related unions in Manitoba and from Participating Employers. Trustees act on behalf of the Plan’s beneficiaries to manage the organization and to manage and invest the assets of the Plan. 

The Plan is a defined benefit pension plan. Unlike a Registered Retirement Savings Plan (RRSP) or a defined contribution pension plan, a defined benefit pension plan uses a formula, rather than investment income derived from pension contributions, to determine benefits payable to eligible members at retirement.

© 2017 HEB Manitoba

 

Disclaimer - This website provides a basic overview of the Healthcare Employees' Pension Plan (HEPP) and the Healthcare Employees' Benefits Plan (HEBP) (collectively the HEB Manitoba Pension and Benefit Plans). Not all employers participate in all Plans. Please check your eligibility for benefits with your employer.

HEB Manitoba is a name notation registered by the Healthcare Employees’ Pension Plan – Manitoba and the Healthcare Employees’ Benefits Plan – Manitoba and under which each of their respective undertakings is carried out.

The information on this website is for convenience of reference only and has no official sanction. View our full disclaimer here.