The Public Service Pension Board (PSP Board) has six members, including three employer representatives nominated by the Government of Alberta and three employee representatives nominated by the Alberta Union of Provincial Employees (AUPE). Provincial legislation requires the offices of Board Chair and Vice-Chair alternate every two years between employer and employee nominees.
The Board is responsible:
- to make plan provisions by regulation to ensure that service under the Plan is funded according to the Act;
- to make recommendations about changing the Plan rules;
- to set general policy guidelines re: investment and management of the Fund's assets and the administration of the Plan;
- to review administrative decisions as delegated by the President of Treasury Board and Minister of Finance;
- to have an actuarial valuation of the Plan prepared at least every three years; and
- review the responsibilities of the trustee, the President of Treasury Board and Minister of Finance every five years.
Board Mandate and Roles
The Board Mandate and Roles document provides clarity on the governance of PSPP, and the roles and responsibilities of the President of Treasury Board and Minister of Finance and the Board.
Board Vision, Mission and Values
The Public Service Pension Plan is a highly valued, reliable component of compensation recognizing dedicated public service and contributing to a secure retirement.
To govern the Plan to ensure its sustainability by:
- Following best practices in pension plan governance and management;
- Prudent investment of the fund; and
- Adherence to applicable rules, laws and regulations.
The following values will guide the Board in carrying out its mission:
- Collaboration - working together to achieve results.
- Stewardship - management and care of Plan resources for the benefit of Plan members.
- Independence - acting in the interests of Plan members.
- Equity - costs and benefits are shared equitably among different generations of members.
- Transparency - providing relevant information to the Trustee, Stakeholders and Plan members
2016 Board Members
The PSP Board has six members: three employer representatives nominated by the Government of Alberta and three employee representatives nominated by the Alberta Union of Provincial Employees (AUPE). Board members come from diverse backgrounds and each brings a unique set of skills and experience to the Board.
Nancy has more than 20 years of experience working for the governments of Saskatchewan and Alberta in the areas of finance and benefits. Nancy previously practiced as a lawyer and was Executive Director, Tax Policy, Alberta Treasury Board and Finance from 1996 until her retirement at the end of 2014.
Larry has more than 35 years of experience in pensions, including governance, administration, consulting, provincial regulation, and corporate sponsorship of domestic and international pension programs. He has served on the Board since July 2013 as an employee nominee.
Currently the Director of Pensions with Alberta Corporate Human Resources, Chris has spent more than 35 years in a variety of human resources functions with the Alberta government. She has been on the Board as an employer nominee since January 2008 and is the chair of the Board's Human Resources Committee.
Mike is an Environmental Protection Officer with Alberta Environment and Sustainable Resources Development, now working out of the Lower Athabasca Region. Mike has been a member of our Plan and AUPE since 1982 and joined the Board in January 2014 as an employee nominee.
Jason is the Executive Secretary-Treasurer at AUPE. He previously served eight years as an AUPE Vice President and is active on various AUPE committees, including Chair of AUPE's pension committee.
External Investment Committee Members
Plan Board Staff
Plan Board Specialist
Plan Board Specialist
Advisors and Suppliers
Alberta Pensions Services Corporation (APS)
Alberta Investment Management Corporation (AIMCo)
Auditor General of Alberta
George & Bell Consulting Inc.