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Public Service Pension Plan

Alberta Finance Minister addresses Alberta's public sector pension plan members

Alberta public service pension plan

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The PSPP also provides benefits in the event of death, disability or termination of employment. The pension plan is a valuable part of your overall retirement savings. Your eventual lifetime pension benefit is based on years of service and salary, not the state of the markets. Although the financial status of the plan can impact contributions rates, it alberta public service pension plan not affect your alberta public service pension plan benefit. Members and employers make contributions to the pension plan and the contributions are based on a percentage of your pensionable salary under and over the annual Yearly Maximum Pensionable Earnings YMPE.

Contributions are made through payroll deduction. You can print a copy from from the PSPP website at http: Effective January 1,employees have the option of participating in the PSPP if one of the following criteria are met:. Employees occupying mandatory membership positions will commence pension on the date of eligibility. Employees who have a voluntary option of participating in the pension plan will have 90 days from date of eligibility to inform the employer, in writing, of their intent to join the pension plan.

Pension commencement will begin 1st of the month following notification to the employer. Through this Web site you can access:. Review your information carefully. Updates to your address and beneficiary information can be made on https: Find Your HR Contact. Academic Staff Vacation Entitlement: Academic Staff Medical and Illness Leave: Academic Staff Maternity and Parental Leave: Support Staff Other Leave: Academic Staff Dental Care: Support Staff Supplementary Health Care: Academic Staff Prescription Drugs: Academic Staff Vision Care: Support Staff Prescription Drugs: Support Staff Vision Care: Part-time Regular employees appointed into a continuing position of 30 or more hours per week.

Effective January 1,employees have the option of participating in the PSPP if one of the following criteria are met: A part-time regular employee who occupies an appointment where the hours worked are a minimum of 14, but less than 30, shall have a one-time irrevocable option to join the pension plan upon appointment.

If they decline to participate in the pension plan, they will not be eligible to join the plan at a later date unless they move to a mandatory membership position. A part-time auxiliary salaried employee where the terms of the contract specify that the employment is to last for a period greater than one year and the regularly scheduled hours are a minimum of 14, alberta public service pension plan, but less than 30, shall have a one-time irrevocable option to join the pension plan upon appointment.

When an employee changes from a mandatory participation position to a part-time position, the employee can inform the employer, in writing, of their intent to withdraw from the pension plan as alberta public service pension plan result from the change in their employment.

This decision shall be irrevocable until a termination of employment alberta public service pension plan or the employee is appointed to a mandatory membership position. Pension Commencement Mandatory Membership Employees occupying mandatory membership positions will commence pension on the date of eligibility, alberta public service pension plan. Voluntary Membership Employees who have a voluntary option of participating in the pension plan will have 90 days from date of eligibility to inform the employer, in writing, of their intent to join the pension plan, alberta public service pension plan.

Through this Web site you can access:

 

Alberta public service pension plan

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