Alberta PSPP reports $2.9B annual return, bringing total assets to $21B
August 15, 2025
The Alberta Public Service Pension Plan (PSPP) has released its 2024 annual investment results, reporting a net return of 14.8% for the year.
As of December 31, 2024, the fund — which covers employees from 27 government and post-secondary institutions across Alberta — generated $2.9 billion for the year, bringing its total net assets to $21 billion.
In a statement accompanying the results, David Lardner, the Chair of the PSPP Board of Directors, highlighted the PSPP’s strong financial position:
“Long-term investment performance has exceeded expectations and has contributed to a strong balance sheet. The Plan is well-funded, current assets are expected to be sufficient to service current benefit obligations, and we will continue to manage the balance sheet in the interest of meeting Plan funding objectives.”
Other highlights from the 2024 report include:
- Following an asset liability study, the PSPP established a new asset mix with increased allocation to private market asset classes
- The fund’s 10-year annualized return stands at 7.7%
- The $7.5 billion equity portfolio was the strongest performer, delivering 26.9% returns
Click ‘More Information’ below to review the report:
