November 1, 2019
On October 24, 2019, the Government of Alberta released the 2019 Provincial Budget and Fiscal Plan. The Fiscal Plan states that “changes by the previous government will be reversed to control administrative costs and enhance governance provisions for public sector pension plans. Plans will continue to be administered by the Alberta Pensions Services Corporation, and invested by AIMCo.”
It is not clear what this statement will mean for PSPP. PSPP Corporation will assess the impact to the Plan and its members and employers as soon as the legislation required to make any changes is published.
In the meantime, its business as usual for PSPP Corporation. Pensions will continue to be paid and the Plan will continue to be administered on behalf of more than 85,000 PSPP members and the employers who participate in the Plan.