News & Updates

Alberta government updates Employment Pension Plans Regulation, alters calculation of the provision for adverse deviation

Authors:
BMKP Logo

July 31, 2024

On June 20, 2024, the Government of Alberta amended the Employment Pension Plans Regulation, altering the calculation of the provision for adverse deviation (PfAD). The changes include:

  1.  The new PfAD consists of two components: (a) 7.5% and (b) a supplementary percentage.

  2.  The supplementary percentage must be sufficient and reasonable, in the opinion of the Superintendent, to manage material risks and ensure plan stability. The Superintendent may request additional documentation to support the supplementary percentage.

  3.  The plan's funding policy must be updated to reflect the change and include the factors used in determining the supplementary percentage component of the PfAD.

Click the on more information below to read more:

More Information

Share
Print this Page icon

Read More

}

March 26, 2025
New Brunswick publishes final guidelines on asset transfers for shared risk pension plans
A couple doing calculation}

March 25, 2025
Rising costs force two-thirds of Canadians to rethink retirement plans, CIBC poll finds
A boat in Halifax harbour}

March 20, 2025
Nova Scotia issues new rules on private sector pension plan transfers to the Nova Scotia Public Service Superannuation Plan
}

March 18, 2025
Alberta judge affirms presumption of equal division of pension at the date of trial, awarding ex-wife half of $500K pension

See More Media