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).  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 Health 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 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.

Back to Top

Pensions News and E-Update Service

Employment Pension Plans Act comes into force
September 1, 2014

As a result of the Employment Pension Plans Act, and the supporting Employment Pension Plans Regulation, coming into force, the website for the Superintendent of Pensions has been updated and revised to reflect the new legislative provisions.

While continuing to refer to the documents released on July 23, 2014, the following are the major changes that have taken place on this website:

  • The Private Sector Pensions page has been updated and expanded.

  • The Information for Individuals page has been renamed (from “for Albertans”) and updated to recognize that the Financial Hardship Unlocking Program has changed. Financial Institutions holding the locked-in funds are now responsible for receiving and processing requests for unlocking funds under this program.

  • The Forms page has been updated to include a number new forms, both prescribed and not, and all form numbers have changed. NOTE: Despite the change in the Financial Hardship Unlocking Program, changes regarding Locked-in Retirement Accounts (LIRAs) and Life Income Funds (LIFs) and the related forms, are not effective until January 1, 2015. That is why certain forms that were effective prior to September 1, 2014 will continue to be used until December 31, 2014.

  • Interpretive Guidelines is a new page that introduces documents that will replace our previous Policy Bulletins (listed as a sub-page of this page). As we develop new guidelines, each will be posted for a 60-day consultation period for stakeholders to provide their comments.

Employment Pension Plans Act (2012) takes effect September 1
- Employment Pension Plans Act (EPPA) Updates
July 23, 2014

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.

Presentation on Bill 9 and Bill 10 to the Standing Committee
on Alberta's Economic Future
June 3, 2014

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.

Back to Top


Page last updated:  August 31, 2014