Author: vciwork
The Public Service Pension Board is pleased to present the September 2018 PSPP Report to Members
In this issue:
- Q&A with our Chair
- Plan updates
- A member’s perspective: meet Sharon Orescan
- Getting to know the Investment Committee and Alberta Pensions Services
- Ready, Set, Retire – Part 2
- One-on-one information session Fall schedule now open
Paper copies of this report are no longer being mailed to members. To ensure you receive email notification regarding future issues, please log in to mypensionplan.ca and sign up to “Go Green.”
Do you ever wonder how much money you’ll get from your PSPP pension when you retire? The improved Pension Estimator can quickly and easily help you with that. The Pension Estimator shows you how changes to highest average salary, pensionable service and retirement age affect your pension benefit.
Improvements to the Pension Estimator will help you better understand your PSPP pension and plan for retirement. They include:
- Clear directions for what numbers to enter if you are working part-time.
- A simple slider to adjust your potential retirement age to see how that decision affects your monthly pension payment.
- A clean layout of your pension options.
But don’t just take our word for it: try the estimator for yourself and see how PSPP can help you plan for your future.
PSPP is proud to announce the 2017 Annual Report is now available online.
Learn more about your pension plan from the comfort of your computer! Register for a live, interactive session.
PSPP is excited to announce that you are now able to complete your retirement application process online!
We’ve launched PensionEase through your mypensionplan.ca website. With this tool you’ll be able to confirm your contact information, pension partner and beneficiaries, select a retirement date, access your application form, and manage and upload all necessary documents and forms.
The choice of whether to retire using the online tool or by mailing in your printed application is up to you. Regardless of which option you choose, you can contact us for help understanding your pension options.
When you’re ready for retirement, access PensionEase through mypensionplan.ca and you’ll be walked through the process step-by-step.
Learn more about PensionEase on our website.
The March 2018 PSPP Report to Members is now available, March Report
Your pension is payable on the second-last banking day of the month, except in December. In December, the pension is paid before December 25.
The final payment date for 2017 is December 22.
The following are the 2018 payment dates for pensioners:
January 30
February 27
March 29
April 27
May 30
June 28
July 30
August 30
September 27
October 30
November 29
December 21
Tax slips are issued for each calendar year and will be mailed by the end of February for the previous year.
If you do not receive your pension, contact APS, PSPP’s administrator.
The Cost of Living Adjustment for 2018 is 0.78 per cent on base pension. This increase is effective as of January 1, 2018. The adjustment will automatically be applied to your pension.
Members who retired during 2017 will receive a prorated portion of this increase. Those who retired in, or prior to, 2016 will receive a full COLA.
COLA is currently granted at 60 per cent of the increase in the Alberta Consumer Price Index (ACPI).
Your T4A statement will be mailed out in February 2018. It will also be available on mypensionplan.ca.
Pensioners will soon be receiving their Pensioner Annual Statement in the mail. This high level overview of your pension benefits includes:
- Cost of living adjustment
- The amount of your pension
- Pension partner and listed beneficiaries
Pensioners can go online to mypensionplan.ca to access this information as well as view their pension dates and history, send and receive messages through a secure mailbox, manage banking and direct deposit information and update contact information.