Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]
Alberta’s Local Authorities Pension Plan is cancelling its coordination option, citing regret and confusion from plan members who mistakenly accessed the feature without fully understanding the financial implications. According to a statement by the LAPP, coordination will be discontinued for members who start their pension on or after Jan. 1, 2021. It noted the option’s […]
The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]
The chief executive officer of the Canada Pension Plan Investment Board says Monday’s oil price crash and stock market selloff will hurt Canadian energy companies that have weak balance sheets and high debt. But Mark Machin says those with strong books will survive — and companies with money should be following his organization’s example and […]
Alberta Premier Jason Kenney says there’s a “compelling case” to be made for his province to exit the half-century-old Canada Pension Plan, an idea sure to face increasing scrutiny over the coming months. With growing frustrations in his province about its place in the federation, Kenney has revealed that a deeper analysis is on the […]
The Alberta Teachers’ Retirement Fund Board will transfer all of its funds to the Alberta Investment Management Corp. for management, according to the province’s latest budget. The ATRF board, which administers pensions for all teachers in Alberta school jurisdictions and charter schools, said in a press release it was only made aware of the change […]
On March 1, 2019, Alberta’s Local Authorities Pension Plan gained independence from the government by becoming a jointly sponsored pension plan. “The history of LAPP is that the Minister of Finance of the province of Alberta has historically been the trustee of the pension fund and the administrator of the plan, and this new legislation […]
Solid performance during tough times in Alberta
Remco van Eeuwijk steps into new role from MN.
Province needs "clarity of mission".