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Overview

Public sector employment pension plans

Public sector pension plans are not directly subject to the Employment Pension Plans Act (EPPA) or overseen by the Alberta Superintendent of Pensions, although they follow some of the same standards.

Pension Policy

Responsibilities of Pension Policy

Pension Policy is the branch responsible for developing legislation and policy for the Alberta public sector pension plans under the PSPPA, including:

Pension Policy is also responsible for:

  • advising the Minister of Finance with regard to:
    • the role as the trustee and administrator of the public sector pension plans
    • the regulatory role of the Alberta Superintendent of Pensions regarding private sector employment pension plans
  • developing policy for the following plans:
    • Provincial Judges and Masters in Chambers Registered and Unregistered Pension Plans
    • Members of the Legislative Assembly Pension Plan (closed in 1993)
    • Supplementary Retirement Plan (SRP) for Public Service Managers
  • providing advice in relation to Alberta’s role as one of the joint stewards of the Canada Pension Plan

Investment of pension assets and administration of plans

The following corporations are owned by the Government of Alberta for the purpose of investing the assets of the public sector pension plans and administering these pension plans, respectively.

Teachers’ and private school teachers’ pension plans

Alberta Treasury Board and Finance has responsibility for the teachers’ and private school teachers’ pension plans.

The teachers’ pension plans are governed by the Teachers’ Pension Plans Act (TPPA) and its regulations, and are administered by the Alberta Teachers' Retirement Fund Board (ATRF).

Public service pension plan boards

There are 4 pension boards which have been delegated certain functions in relation to these plans. For further information on the mandate of the public sector pension plan boards, see below.

  • Local Authorities Pension Plan Board of Trustees
  • Public Service Pension Board
  • Special Forces Pension Board
  • Management Employees Pension Board

Local Authorities Pension Plan (LAPP) Board of Trustees

The mandate of the LAPP Board of Trustees, as established under the PSPPA, is to:

  • undertake an actuarial valuation at least every 3 years and make plan provisions by regulation adjusting contributions to ensure the LAPP is funded;
  • make recommendations to the Minister amending, repealing or replacing the LAPP Regulation (“the plan rules”);
  • be consulted by the Minister with respect to:
    • the cost to be charged for the administration of the LAPP
    • changes proposed to the Public Sector Pension Plans (Legislative Provisions) Regulation
  • set general policy guidelines on the investment and management of the LAPP Fund and on the administration of the LAPP
  • review administrative decisions for the LAPP in accordance with the delegation from the Minister

The Minister established the LAPP Corp. and delegated the following functions to it:

  • providing support to the LAPP Board of Trustees in regard to all functions of the Board
  • high-level strategic guidance of the LAPP to the Minister

More information on the LAPP Board of Trustees and LAPP Corp. can be found on the LAPP website.

Public Service Pension Board (PSP Board)

The mandate of the PSP Board, as established under the PSPPA, is to:

  • undertake an actuarial valuation at least every 3 years and make plan provisions by regulation adjusting contributions to ensure the PSPP is funded
  • make recommendations to the Minister for amending, repealing or replacing the PSPP Regulation (“the plan rules”)
  • be consulted by the Minister with respect to:
    • the cost to be charged for the administration of the PSPP
    • changes proposed to the PSPP (Legislative Provisions) Regulation
  • set general policy guidelines on the investment and management of the PSPP Fund and on the administration of PSPP
  • review administrative decisions for the PSPP in accordance with the delegation from the Minister
  • review the responsibilities of the trustee approximately every 5 years

More information on the PSP Board can be found on the PSPP website.

Special Forces Pension Board (SFP Board)

The mandate of the SFP Board, as established under the PSPPA, is to:

  • undertake an actuarial valuation at least every 3 years and make plan provisions by regulation adjusting contributions to ensure the SFPP is funded
  • determine the contributions payable to the Indexing Fund established to provide for cost-of-living adjustments (COLA) to be paid for service after 1991
  • establish the COLA (if any) to be provided for service after 1991
  • make recommendations to the Minister pertaining to:
    • subject to legislative requirements, the transfer of surplus assets from the SFPP Fund to the Indexing Fund
    • the transfer of assets from the Indexing Fund to the SFPP Fund for payment of COLA for service after 1991
    • amending, repealing or replacing the SFPP Regulation (“the plan rules”)
  • set general policy guidelines on the investment and management of the SFPP Fund and on the administration of the SFPP
  • review administrative decisions for the SFPP in accordance with the delegation from the Minister
  • be consulted by the Minister with respect to:
    • the cost to be charged for the administration of the SFPP
    • changes proposed to the PSPP (Legislative Provisions) Regulation

More information on the SFP Board can be found on the SFPP website.

Management Employees Pension Board (MEP Board)

The mandate of the MEP Board, as established under the PSPPA, is to:

  • advise the Minister on any pension matter that is of interest to persons receiving or entitled in the future to receive benefits under the MEPP
  • participate in consultations with the Minister with respect to:
    • amending, repealing or replacing the MEPP Regulation (the “plan rules”); including plan rules adjusting contribution rates to ensure that the MEPP is funded
    • conducting of actuarial valuations with respect to the MEPP and the Public Service Management (Closed Membership) Pension Plan (the “Closed Plan”)
    • changes proposed to the PSPP (Legislative Provisions) Regulation
    • the cost to be charged for the administration of the MEPP and the Closed Plan
  • review administrative decisions for the MEPP and the Closed Plan in accordance with the delegation from the Minister
  • set general policy guidelines on the investment and management of the MEPP Fund and on the administration of the MEPP that it considers should be followed by the Minister

More information on MEP Board can be found on the MEPP website.

Related websites

Alberta public sector pension plans

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.

See other related links, including from the Government of Canada and other pension related sites.

Contact

Pension Policy Branch

To connect with the Pension Policy Branch:

Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Phone: 780-427-8322
Toll free: 310-0000 before the phone number (in Alberta)

Address:
Alberta Treasury Board and Finance
Pension Policy
416 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