There are several types of pensions for people in the province of Alberta. Most pension plans fall into one of four categories:
- Private sector employment pensions - pension plans established by private sector employers (or groups
of employers or unions) for their employees;
- Public sector employment pensions - pension plans for employees working in the public sector, (provincial and municipal public service, health and education);
Are you a member of one of the
public sector pension plans?
Are you a member of the Teachers' Pension Plan or Private School Teachers' Plan? See more information, or visit the Alberta Pensions Services Corporation (APS)
See more information, or visit the Alberta Teachers' Retirement Fund Board (ATRF) website.
- Retirement income programs administered by the federal government
for Canadians - these include the Canada
Pension Plan (CPP), Old
Age Security (OAS) and the Guaranteed
Income Supplement (GIS). The provinces are joint stewards
of the Canada Pension Plan along with the federal government and
help establish policy for the Canada Pension Plan; and
- Alberta Seniors Benefit Program – provides support in addition to the federal benefits received under Old Age Security, Guaranteed Income Supplement, Federal Allowance and the GST credit. It is based on income and provides monthly benefits to eligible seniors.
For more information on benefits and programs for seniors, see:
Note that pension plans established by companies in federally regulated industries such as banks, airlines, and telecommunications companies are governed by the federal pension standards legislation, the Pension Benefits Standards Act, (1985) (Canada). The federal government's Office of the Superintendent of Financial Institutions is the primary regulator and supervisor of federally regulated private sector pension plans. The federal government also manages the pension plans for federal public service employees.
For general information on pensions, click here for the “Time to Start a Pension” guide.
For information on accessing pension funds, click here for the “Accessing Pension Funds" guide.
On July 22, 2014 the Employment Pension Plans Regulation was passed by Cabinet. The Regulation supports the new Employment Pension Plans Act, which was passed by the legislative assembly in Fall 2012 and is the culmination of the rewrite of private sector pension legislation following the establishment of the Joint Expert Panel on Pension Standards in Fall 2007. Over the coming months, information available on the website of the Superintendent of Pensions will be updated and revised to reflect the new legislative provisions. In the meantime, the news release and three new EPPA Updates are available below.
- News release: Employment Pension Plans Act (2012) takes effect September 1
- EPPA Update 14-01 - New Legislation is Proclaimed
- summary of the timing / deadlines that result from the new legislation
- EPPA Update 14-02 - New Legislation – Administrative Information and Checklists
- outlines all of the required and optional plan text provisions resulting from the new legislation
- EPPA Update 14-03 - New Legislation – Summary of Changes
- broadly highlights the changes between the new Regulation and the old Regulation
June 3, 2014 - Presentation on Bill 9 and Bill 10 to the Standing Committee on Alberta's Economic Future
- Click here for a presentation to the Standing Committee on Alberta’s Economic Future.
- Official Hansard transcript of presentation
- See also: Things to Know about Pensions
- For more information, visit the Pension Sustainability website.
May 23, 2014 - Dates and times of Bill 9 and 10 public meetings announced
- The Standing Committee on Alberta’s Economic Future has announced public meetings in seven cities. Click here for more information.
May 6, 2014 - Horner responds to referral of pension bills 9 and 10 to committee
- Minister Horner's statement
- Bill 9, Public Sector Pension Plans Amendment Act, 2014 - pdfs:
- Bill 10, Employment Pension (Private Sector) Plans Amendment Act, 2014 - pdfs:
Subscription Service: Subscribe to our Employment Pensions E-Update
- The purpose of our electronic update is to keep subscribers up-to-date and informed about major changes to the Employment Pensions website and the documents residing on that site (including changes to legislation and policies). More information about this subscription service.