As a member of the Public Service Pension Plan (PSPP), you have dedicated years of service to your career. Whether you are early in your career, approaching retirement or already retired, it is natural to wonder:
Will my pension be there when I need it?
Will it last as long as I need it?
We understand that planning for retirement can sometimes feel overwhelming, and concerns about the security of your pension are natural. We want to reassure you that your pension is safe and will be there for you when you retire, for as long as you need it.
PSPP Corporation is the Trustee, fiduciary and administrator of the Plan. We have a legal obligation to act in the best interest of our Plan members.
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Our Purpose: To ensure that your earned pension is there for your retirement.
PSPP Corporation’s 2024-2026 Strategic Plan
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One of our strategic promises to you, as a member, is that the Plan is managed sustainably so it is secure for you and future generations.
We employ comprehensive financial strategies to ensure the sustainability and growth of the pension fund. PSPP’s diversified investment portfolio is governed by our Board of Directors, assisted by an Investment Committee, external investment advisors and our own corporate resources. We set the fund’s asset mix and investment policies and oversee the investment services provided by Alberta Investment Management Corporation (AIMCo).
Due to our oversight, leadership changes at AIMCo have no impact on the fund’s asset mix or investment policies. The PSPP fund can only be used for the benefit of Plan members and beneficiaries.
PSPP: Standing on Solid Bedrock
- Membership strengths: With over 90,000 active, deferred and retired members across 27 employers, PSPP is a robust community. It’s not just a pension plan: it’s a collective commitment to your well-being between you, your employer and PSPP.
- Financial resilience: PSPP is well funded with a fund size over $20 billion. We have proven processes to manage investment risks and optimize returns.
- Governance excellence: The Plan is managed by PSPP Corporation. Our commitment to best practices in governance, risk management and investment decisions ensures that your pension remains secure.
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PSPP Corporation’s 2023 Annual Report
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PSPP: A Defined Benefit
Your PSPP pension is a defined benefit plan. What does that mean? It’s simple: Your lifetime pension is calculated based on your salary and years of pensionable service. Whether the stock market soars or stumbles, your pension remains secure and reliable. Market volatility does not impact the pension you receive.
Rest assured, your pension is more than just numbers on paper. It’s a tangible reality – a future you can count on. As you approach retirement, remember that your dedication and service have built a solid foundation. Your pension is ready to support you in the next chapter of your life.
PSPP is a robust, well-managed Plan that provides our members secure, reliable retirement income. We will keep it that way. Your pension is in good hands.
Our members have a future they can count on.