The Value

The Power of Your Pension

The PSPP is not just any pension plan. It’s a plan that offers you peace of mind for your future. Here’s why:

  • Predictability: The amount of your pension is predictable. It’s based on a set formula, not on the amount you’ve paid into the Plan. This means you can plan your future with certainty.
  • Security: Rest assured; your Plan is secure. It’s backed by a robust pension fund that includes contributions from both members and employers, as well as earnings from investments.
  • Lifetime Benefit: One of the greatest advantages of your PSPP pension is that it’s a lifelong commitment. Once you’ve retired, you’ll receive regular, monthly pension payments for the rest of your life.
  • Based on Your Earnings and Service: The amount of your future pension is tailored to you. It’s based on your salary and the length of time you’ve contributed to the Plan.

While other retirement options may be subject to the volatility of the economy and markets, your PSPP pension remains stable and predictable. Curious about how much your pension might be? Feel free to use our Pension Estimator.

Research released by the Canadian Centre for Economic Analysis (CANCEA) confirms that public sector pensions contribute significantly to the provincial economy, providing value to all Albertans and benefitting the local communities in which they live.

What impact do these plans, their investments, and their retirees have on the Alberta economy each year? How many jobs are created? How much money do retirees contribute back into the economy? How much do they pay in taxes? What percentage of the annual provincial GDP results from these plans?

In addition, PSPP was interested in exploring the social value that returns to Alberta as a result of members and retirees benefitting from the many features provided by a Defined Benefit (DB) pension and how that compares with other arrangements. That resulted in a second research paper from CANCEA on the social value of the plans.

Economic Contribution of Public Pension Plans in Alberta

Social Value Benefits of Public Pension Plans in Alberta

Manage Your Pension Online

For your convenience, we offer a secure, online portal – Your Pension Profile (YPP). Here, you can manage your personal information, run estimates, and much more. Create an account today to start managing your pension online.