The Public Service Pension Plan (PSPP or Plan) serves over 85,000 active, deferred and retired members, and is governed by the Employment Pension Plans Act and its regulations.
Joint governance divides the pension plan responsibilities and functions between the PSPP Sponsor Board, and PSPP Corporation and the Board of Directors. Under joint governance, employee and employer sponsor organizations share control of Plan design and funding. PSPP Corporation, with oversight by a Board of Directors, is the Trustee and administrator of the Plan.
In this section, you will learn about the roles and responsibilities of each board under the joint governance relationship and the processes in place to ensure the security and longevity of PSPP. You will also learn about the various groups that support each board in governing the Plan.