our pension is payable on the second-last banking day of the month, except in December. In December, the pension is paid before December 25. If you receive your pension payments by cheque, your cheque will be mailed on the dates shown in the list below. Consider setting up direct deposit of your pension to your…
The Cost of Living Adjustment for 2020 is 1.02 per cent on base pension. This increase is effective as of January 1, 2020. The adjustment will automatically be applied to your pension. Members who retired during 2019 will receive a prorated portion of this increase. Those who retired in, or prior to, 2018 will receive…
On November 22, Bill 22, Reform of Agencies, Boards and Commissions and Government Enterprises Act, received Royal Assent, the final step required for a Bill to become an Alberta law. This Bill amends a number of different pieces of legislation including legislation related to the governance of PSPP. Once Bill 22 comes into force, PSPP Corporation…
Further to our last update regarding the 2019 Provincial Budget, there is no new information to provide regarding pending changes to PSPP governance as the draft legislation detailing the changes has not yet been released. PSPP Corporation continues to await clarification on the statements made in the Government of Alberta’s 2019 Provincial Budget and Fiscal…
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…
PSPP Corporation is pleased to present the September 2019 Report to Members. In this issue: … and more!