Our Purpose is:
“To ensure that your earned pension is there for your retirement.”
While PSPP manages administration, we are legislatively required to delegate day-to-day pension services to Alberta Pensions Services Corporation (APS).
$229
Total administrative
cost per member (in 2024)
APS, an Alberta public agency operating on a non-profit, cost-recovery basis, provides these services under a pension services agreement with PSPP. This agreement specifies benchmarks for services and requires regular reporting to ensure timely and accurate support for members.
Pension Administration Cost
PSPP’s management and administration expenses are funded by Plan members and employers through the Plan fund. These costs encompass PSPP’s expenses and fees charged by APS for administration services. APS fees are determined using a cost-recovery framework based on factors like PSPP membership and transaction levels.
$229
Total administrative
cost per member (in 2024)
In 2024, administration costs totaled $17,068,000 (details available in Note 12 of the PSPP financial statements).
The per-member administrative cost for 2024, including active members and pensioners, was $229.
As a trusted partner in members’ retirement journey, PSPP balances cost-conscious decisions with our dedication to quality service and improved communication and digital tools providing the best value for members and employers.