Public Service
Pension Plan

The Public Service Pension Plan has served employees of the Government of Alberta, its agencies, boards and commissions and select universities since 1947.

We are proud to be a part of so many lives. Hundreds of thousands of past and current members have participated in the Plan. Thousands of stakeholders, employee and employer representatives have helped ensure that this precious employee benefit remains available to our members.

By working together, members, employers and the PSPP Corporation have built a future you can count on.

The Board adopts best practices in our governance, risk management and investment decision frameworks. We review and approve the PSPP Corporation business plan and budget and long-term strategic plan, and work with the experienced staff at PSPP Corporation to ensure effective stewardship and ongoing attention to the health of the Plan. This includes oversight of the services provided by our legislated service providers, Alberta Pensions Services Corporation (APS) and Alberta Investment Management Corporation (AIMCo). We are committed to collaborative relationships with our service providers for the benefit of Plan members.

In 2023, the Board developed and approved a new Responsible Investment policy to supplement our Statement of Investment Policies and Procedures established for the investment of the Plan fund. The Board recognizes that environmental, social and governance (ESG) factors and climate change can represent significant long-term risks to the financial health of the Plan and is committed to the integration of ESG into investment decision making.

Based on strong returns in 2023, the four-year and long-term investment performance remain healthy and the Plan continues to be fully funded. The Plan has sufficient assets to pay the cost of all future benefits that have been earned to date.

I am proud of all we have accomplished in 2023. As your Board, we have inherited a tradition of working hard together – along with CEO Lynette Martin and the terrific PSPP Corporation staff – to manage the Plan, support our employers and secure member benefits for life. Board membership remained unchanged in 2023, and I’d like to thank my fellow Board members for their continued dedication.

Your pension is in capable hands.

PSPP Sponsor Board

Plan members and employers share control of PSPP design and funding. This is what is known as joint governance. They share control through equal representation on the PSPP Sponsor Board.

The PSPP Sponsor Board’s roles and responsibilities are set out in the Joint Governance of Public Sector Pension Plans Act and include:

• making and amending Plan rules;
• setting contribution rates;
• establishing a funding policy;
• reviewing the Corporation’s annual budget;
• establishing a code of conduct and conflict of interest policy governing its members; and
• determining how much PSPP Corporation’s directors are paid.

PSPP Sponsor Board members

• Four employee representatives
  • Mike Dempsey, Jason Heistad, and Justin Huseby were appointed by the Alberta Union of Provincial Employees.
  • Alex Long was appointed by the University of Alberta Non-Academic Staff Association.
• Four employer representatives
  • Shannon Marchand, Dan Stadlwieser, and David Williams were appointed by the Government of Alberta.
  • Mike Van Hee was appointed by the University of Calgary. (Note: The power to appoint one representative to the PSPP Sponsor Board rotates every three years between the University of Alberta and the University of Calgary.)

Dan Stadlwieser is the Chair of the PSPP Sponsor Board, and Justin Huseby is Vice-Chair.