Public sector pension plan joint governance
As some public sector pension plans transition to registering under the Employment Pension Plans Act (EPPA), certain exemptions have been provided in order to ensure preservation of plan design during the transition. These exemptions are included in the Employment Pension Plans Regulation and Exemption (Public Sector Pension) Regulation, and are not detailed below (please refer to the EPPA and Regulations).
Learn more about joint governance of public sector pension plans.
Unlocking pension funds
The information and documents included below are intended to help Albertans understand their pension plan or locked-in account and the law that applies to it.
When you cease membership in a registered pension plan, you are given the option of transferring your funds from the pension plan into a Locked-in Retirement Account (LIRA).
The Employment Pension Plans Act (EPPA) and Regulation prescribe 5 unlocking provisions that can provide owners with access to these funds, from a LIRA or Life Income Fund (LIF):
- Access due to considerably shortened life
- Access by becoming a non-resident of Canada
- Access to small amounts
- Access by 50% unlocking
- Financial hardship unlocking
Accessing Pension Funds brochure
For detailed information about the 5 different provisions for unlocking pension funds, see:
- Accessing Pension Funds (updated January 1, 2019)
Financial Hardship Unlocking program
Effective September 1, 2014, the Financial Hardship Unlocking (FHU) program was changed, and the Government of Alberta no longer administers this program.
Any Application to Unlock Alberta Funds Due to Financial Hardship must be submitted to the financial institution that holds your locked-in account.
Your financial institution will review your application, based on the rules established by the Employment Pension Plans Act (EPPA) and Regulation.
Trouble opening or completing PDF forms?
Fillable forms do not open properly on some mobile devices and web browsers. To fill in and save this form:
- Click on the PDF link to save it on your computer.
- Launch Adobe Reader.
- Open the PDF from within Adobe Reader. You can now fill and save your form.
- Financial Hardship Unlocking Program documents:
- Application to Unlock Alberta Funds Due to Financial Hardship (Form 23) (PDF, 236 KB) (fillable version, effective January 1, 2019)
- If you have trouble opening this form, see the instructions above. Alternatively, you may use the non-fillable version (PDF, 151 KB), which you may print and complete by hand.
Note: once completed, send this form to the Financial Institution that holds your Locked-in Retirement Account (LIRA) or Life Income Fund (LIF). This form is NOT sent to the Alberta Superintendent of Pensions.
If you believe that you have lost money because of an error, disagreement or the possible misconduct of your representative or financial company, you may be interested in the following guide, produced by the Joint Forum of Financial Market Regulators:
Publications and forms
- For forms for individuals, see the Pension forms page
- List of Financial Institutions offering Locked-in Pension Products
- List of Pension Plans Registered in Alberta
Private sector plans (current and former members)
- Federal - Office of the Superintendent of Financial Institutions (OSFI)
- British Columbia Financial Institutions Commission (FICOM)
- Manitoba Pension Commission
- New Brunswick Financial and Consumer Services Commission
- Newfoundland and Labrador Pensions Division
- Nova Scotia Office of the Superintendent of Pensions
- Financial Services Commission of Ontario (FSCO)
- Retrait Québec
- Financial and Consumer Affairs Authority of Saskatchewan
Disclaimer: Links to other websites are provided solely for your convenience. The Government of Alberta does not control, endorse, or guarantee the accuracy, completeness, efficacy and timeliness of other websites, and is not responsible for the privacy practices of other websites. Read our complete disclaimer.
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Pension plans registered under the Employment Pension Plans Act (EPPA)
To connect with the Office of the Alberta Superintendent of Pensions:
Alberta Superintendent of Pensions
Alberta Treasury Board and Finance
Financial Sector Regulation and Policy
402 Terrace Building
9515 107 Street
Edmonton, Alberta T5K 2C3
Public sector pensions
Contact the following for information on:
Alberta public sector employee pensions: Alberta Pensions Services Corporation
Alberta Teachers’ Pension Plans: Alberta Teachers’ Retirement Fund Board
Federal pension plans: Canada Pension Plan or Old Age Security