Public Service Pension Plan (PSPP)

The primary objective of the Public Service Pension Plan (PSPP) is to provide retirement income to participating members. The PSPP also provides benefits in the event of death, disability or termination of employment.

The PSPP is a contributory defined benefit pension plan; that is both you and the University make contributions into the Plan fund based upon your salary, and your pension at retirement is determined by a formula which uses your highest average salary and your years of credited service while you were a member of the plan. Your pension does not depend on the amount you contribute.

The PSPP Member Handbook provides a detailed description of the plan benefits. You can obtain a copy from Human Resource Services or print a copy from the PSPP website at (http://www.pspp.ca). 

Eligibility

Mandatory Participation

An employee must participate in the Public Services Pension Plan where;

  • The employee is appointed into a continuing position of 30 or more hours per week.
  • The employee is appointed as “Auxiliary Monthly” 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 not less than 30 hours per week.

Voluntary Participation

Employees who have the option of enrolling in the PSPP when:

  • A part time permanent or auxiliary employee who occupies an appointment where the hours worked are not less than 14, but not greater than 30 hours shall have the option to join the pension plan after they would be able to establish 5 years of service under the PSPP.
  • An employee changes employment status from a full time (mandatory participation) position to a part time position working less than 30 hours per week but greater than 14 hours per week, they need not fulfill the waiting period of 5 years prior to joining. The employee shall elect in writing their decision surrounding the participation as a result of the change in their employment. This decision shall be irrevocable until a termination of employment occurs with the University of Alberta.

Receiving Pension

The PSPP Member Handbook provides a detailed description of the plan benefits. You can obtain a copy from Human Resource Services or print a copy from the PSPP website at (http://www.pspp.ca).

Go Green!

Help the environment and eliminate paper waste by registering on mypensionplan.ca

mypensionplan is a secure pension information service sponsored by the Public Service Pension Plan. Through this Web site you can access:

  • your information on file
  • your annual statements
  • calculators to generate pension estimates
  • newsletters and other publications
  • pension related forms

Review your information carefully. Updates to your address and beneficiary information can be made on mypensionplan.ca or by calling the Member Services Centre at 1-877-453-1PSP (1777).

Click here to access the mypensionplan site.