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). 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:
Please 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.
October 11, 2018
- 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.
New Superintendent of Pensions / Acting Deputy Superintendent of Pensions
October 3, 2018
Effective September 19, 2018, Nilam Jetha accepted an exciting position with the Status of Women Ministry as the Assistant Deputy Minister, Gender Policy, Strategy and Innovation Division.
Please be advised that Paul Owens will be the Acting Assistant Deputy Minister of Financial Sector Regulation and Policy (FSRP), and also the Superintendent of Pensions, Insurance, and Financial Institutions. Paul has been with FSRP since January 2012 as the Deputy Superintendent of Pensions and brings over 30 years of executive leadership experience to the role.
In addition, Haripaul Pannu will be the Acting Deputy Superintendent of Pensions. Haripaul had been with FSRP for the past five years as the Senior Manager, Risk Management and was most recently a Senior Manager, Pension Policy. He brings over 20 years of pension experience to the role.
EPPA Update 18-06: Filing Fee for Pension Plans effective October 1, 2018
September 11, 2018
- In accordance with Section 153 of the Employment Pension Plans Regulation, the Superintendent of Pensions advises that the annual filing fee rate in Alberta effective October 1, 2018 is $2.50. This is the same as last year’s rate of $2.50. For more information, see EPPA Update 18-06.
- Form 19: Annual Information Return (working copy only) has also been updated. This form may be used to assist with filing, using the Pension Online Filing System.
2017 Pensions Statistics Report
August 20, 2018
- The Alberta Superintendent of Pensions has released the 2017 Pensions Statistics Report.
- The Alberta Employment Pensions Tribunal was established under revisions to the Employment Pension Plans Act made in September 2014. The purpose of the Tribunal is to hear appeals regarding certain decisions of the Superintendent of Pensions regarding the funding, investment and administration of a pension plan.
- The Tribunal was appointed effective June 14, 2018. For more information, see EPPA Update 18-05 and the Alberta Employment Pension Tribunal web page.
EPPA Update 18-04: Cost Certificate, 2018
May 31, 2018
- We have revised the Cost Certificate (CC) that the actuary is required to file each year using the online filing site: https://pensionfilings.alberta.ca, and we now require you to attach a copy of the actuarial valuation in online filing.
- For more information, see EPPA Update 18-04: Cost Certificate, 2018.
- A Court of Queen’s Bench of Alberta decision issued April 13, 2018 gives common-law pension partners the same rights to split pension benefits as apply to legally married pension partners on marriage breakdown. It should be noted that the common-law pension partner must meet the criteria for being a pension partner as defined in section 1(3)(b) of the Employment Pension Plans Act (EPPA).
- For more information, see EPPA Update 18-03, Eligibility for Pension Credit Splitting on Relationship Breakdown Extended to Common-Law Spouses.
Draft Interpretive Guideline IG-21
May 3, 2018
- Please provide your comments regarding the following draft Interpretive Guideline by August 3, 2018.
IG-21 - Life Income Type Benefit (LITB)
EPPA Update 18-02: Annual Information Return - 2018
April 10, 2018
- In accordance with Section 38(1)(a) of the Employment Pension Plans Act and Section 47 of the Employment Pension Plans Regulation (Regulation), the annual information return (AIR) must be filed within 180 days of the fiscal year end of the plan. Form FSRP0019 is an information copy of the AIR that may be used to assist when entering the data in the online filing site: https://pensionfilings.alberta.ca/.
- In accordance with Section 5 of the Employment Pension Plans Act, the Superintendent of Pensions is now accepting applications from defined benefit pension plan administrators to extend the solvency deficiency amortization period by up to 10 years. This relief is intended to assist plan sponsors with the financial pressures associated with the ongoing low interest rate environment. This update is designed to instruct administrators on the requirements of the solvency relief and identify any special filing requirements related to those options. Read EPPA Update 18-01.
- A number of documents on this website have been updated to reflect the 2018 YMPE (Year’s Maximum Pensionable Earnings) of $55,900. These include:
- Interest Rate Tables
- Accessing Pension Funds
- Financial Hardship Unlocking FAQs – General Program and Process and Reasons to Unlock
- Application to Unlock Alberta Funds Due to Financial Hardship (Form 23) (fillable version) - effective January 1, 2018
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