Please be advised that there is a delay in processing direct deposit pension payments scheduled for July 29, 2021.
Our pension benefit administrator has been advised by their financial institution that pensioners who bank with CIBC, RBC, TD, BMO, ATB, and Scotiabank will receive their direct deposit payments by the end of the day or sooner.
Pensioners who use any other financial institutions may experience delays in their direct deposits until tomorrow, July 30, 2021.
We will update this message again to keep you updated on the progress. We apologize for the inconvenience this causes for you.
The Public Service Management Pension Plan was established in 1972 to provide pension benefits for management employees of the Alberta government and approved agencies, boards and commissions.
Effective retroactive to August 1, 1992, new legislation came into effect that divided the Public Service Management Pension Plan into two separate plans:
the Public Service Management (Closed Membership) Pension Plan (referred to throughout this website as the Plan, PSM(CM)PP, or Closed Plan); and
Members who had terminated from the Public Service Management Pension Plan or commenced to receive a pension before August 1, 1992, as well as those who had 35 years of pensionable service by that date, automatically became members of the Closed Plan.
Members who remained active on August 1, 1992, became members of MEPP. Members of the Closed Plan who again become management employees of the Alberta government or an approved agency, board, or commission, are enrolled in and receive their pension benefit for their new period of employment from MEPP. This means these members will have separate accounts under PSM(CM)PP and MEPP and will receive separate pension benefits from each plan based on the pensionable service in that plan.
Funding for the Closed Plan is the responsibility of the Government of Alberta.
Your Pension Profile
As a member, pensioner or pension partner receiving a benefit from PSM(CM)PP, you have access to a secure, online portal for managing your pension information. Find out more about Your Pension Profile.
Updating Your Contact Information
Your contact information is used to send you your pension payments, annual statement, tax slips and other pension information. To make sure you continue to receive all information related to your pension, please update your contact information using Your Pension Profile or contact us.