Pensions in Alberta - Overview

There are several types of pensions for people in the province of Alberta.  Most pension plans fall into one of four categories: 

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)
website.
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). Further information on these programs is available from the federal government. 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:

Quick Facts - Programs and Services for Seniors (pdf)
from the Alberta Seniors website.

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 information on accessing pension funds, click here for the “Accessing Pension Funds" guide.

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Pensions News and E-Update Service

New Superintendent of Pensions
January 11, 2016

Effective January 11, 2016, Mark Prefontaine will be taking a one year secondment within Alberta Treasury Board and Finance as Senior Assistant Deputy Minister. Mark will be working closely with the Deputy Minister and will be responsible for  key organizational strategies and will oversee and manage special projects and priorities spanning across government, the department and multiple divisions of Treasury Board and Finance.

Please be advised that Nilam Jetha (see bio) will be the Acting Assistant Deputy Minister of Financial Sector Regulation and Policy (FSRP), and also the Superintendent of Pensions, Insurance, and Financial Institutions. Nilam has been with FSRP for the past two years in a project management capacity, and brings over 25 years of Government of Alberta leadership experience to the role.

Superintendent's List updated
January 4, 2016

The Superintendent's List of Financial Institutions offering locked-in pension products has been updated and is available on the Superintendent's Lists and Reports page.

Changes Reflecting the 2016 YMPE (Year’s Maximum Pensionable Earnings)
January 1, 2016

A number of documents on this website have been updated to reflect the 2016 YMPE (Year’s Maximum Pensionable Earnings) of $54,900. These include:

Interpretive Guideline IG-13 released
December 23, 2015

Following the 60-day consultation period, the following Interpretive Guideline has been released:

Interpretive Guidelines IG-11, IG-12 and IG-14 released
November 30, 2015

Following the 60-day consultation period, the following Interpretive Guidelines have been released:

Draft Interpretive Guidelines IG-19 and IG-20
October 22, 2015

Please provide your comments regarding the following draft Interpretive Guidelines by December 22, 2015.

Draft Interpretive Guidelines IG-17 and IG-18
October 7, 2015

Please provide your comments regarding the following draft Interpretive Guidelines by December 22, 2015.

Draft Interpretive Guidelines IG-15 and IG-16
September 30, 2015

Please provide your comments regarding the following draft Interpretive Guidelines by December 22, 2015.

Filing Fee for Pension Plans effective October 1, 2015
September 16, 2015

As required by Section 153 of the Employment Pension Plans Regulation, we are announcing that the annual filing fee rate in Alberta effective October 1, 2015, is $3.25; this is the same as last year’s rate. The annual filing fee payable is this rate multiplied by the total plan membership; the minimum fee is $250 and the maximum fee is $75,000. This new rate applies to all annual information returns with fiscal year-ends in the range October 1, 2015 to September 30, 2016.

Audited Financial Statements Update – Clarification of Requirements
September 16, 2015

Click here for the revised EPPA Update 14-04 – Audited Financial Statements, which clarifies the filing requirements regarding Audited Financial Statements.

Interpretive Guidelines IG-08 and IG-09 released
June 11, 2015

Following the 60-day consultation period, the following Interpretive Guidelines have been released:

EPPA Update 15-01 - Extension of Amendment Filing Deadline
May 21, 2015

British Columbia’s Pension Benefits Standards Act and Regulation have been proclaimed effective September 30, 2015  with amendments due by December 31, 2015.  In recognition of Alberta and British Columbia having a highly harmonized pension regulatory environment, the Superintendent of Pensions has extended the deadline for filing amendments with respect to the Employment Pension Plans Act and Regulation to December 31, 2015. Similarly, the deadline for having a funding policy (benefit formula provisions), a participation agreement (non-collectively bargained multi-employer plans) and a governance policy in place is also extended to December 31, 2015. See EPPA Update 15-01.

Interpretive Guidelines IG-06 and IG-07 released
March 23, 2015

Following the 60-day consultation period, the following Interpretive Guidelines have been released:

Draft Interpretive Guideline IG-10
February 3, 2015

Please provide your comments regarding the following draft Interpretive Guideline by April 7, 2015.

Interpretive Guidelines IG-01 to IG-04 Released
January 15, 2015

Following the 60-day consultation period, the following four Interpretive Guidelines have been released:

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.

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Page last updated:  January 26, 2016