November 12, 2020 Please be aware of the following changes to the Public Service Pension Plan (PSPP) text. Removal of Coordination The Coordination pension option allows eligible members who retire before age 65 to receive a temporary pension payment increase. However, it also results in a permanently reduced pension after age 65 when this temporary…
PSPP Corporation is pleased to present the September 2020 PSPP Report to Members. In this issue: … and more! The PSPP Report to Members is an online-only publication. To ensure you receive an email notification regarding future issues, please register for or log in to Your Pension Profile and sign up to “Go Green.”
A number of members have communicated concerns regarding the investment decisions made by AIMCo on behalf of PSPP Corporation and the PSPP fund. We appreciate hearing from our members and acknowledge the concerns raised. The Government of Alberta has mandated that AIMCo is the exclusive investment manager for the PSPP fund. PSPP Corporation is required…
The 2019 PSPP Annual Report is now available online.
PSPP contribution rates for 2021 will remain unchanged from 2020. The PSPP Sponsor Board strives for contribution rate stability while ensuring benefit security and Plan sustainability. Member and Employer contribution rates for 2021 are: Rate on salary up to YMPE : 10.47% Rate on salary over YMPE: 14.95% The 2021 contribution rates were determined based on the…
Note: As of November 2020, mypensionplan is now Your Pension Profile. May 13, 2020 Changes are coming to how some of your pension documents are sent to you. We are increasing our green measures and reducing print documents! The impacts on members vary, depending on how you currently receive your annual statement and, if you are…