The Special Forces Pension Plan (SFPP) is governed by the Public Sector Pension Plans Act and regulations.
The President of Treasury Board and Minister of Finance is the Administrator and Trustee of Special Forces Pension Plan. However, the Minister does not complete the day-to-day tasks in operating the pension plan. The following organizations are involved in governing the Plan:
There are a number of different organizations involved in the governance and operations of the Plan:
- Special Forces Pension Board (SFPB)
- Plan Administrator: Alberta Pensions Services Corporation (APS)
- Plan Investor: Alberta Management Corporation (AIMCo)
Alberta Pensions Services Corporation (APS) is delegated all functions in relation to the administration of benefits of the pension plan.
Alberta Investment Management Corporation (AIMCo), is responsible for the investment of the Plan funds.
Alberta Finance monitors the various delegations and the delivery of service by the various organizations.
Mercer (Canada) Ltd. provides actuarial services and investment consulting services to the SFP Board.
The Auditor General of Alberta conducts an independent audit of the financial statements of SFPP to ensure the financial statements are presented fairly in all material aspects and in accordance with Canadian generally accepted accounting principles.
Because there are a number of different organizations involved in the governance and operations of the Plan, ongoing communication, cooperation and collaboration is required of all parties. For that reason, SFPB has operating protocols with APS and with AIMCo that detail how the organizations will work together. The SFPB also has a Mandate and Roles document with the President of Treasury Board and Minister of Finance to document the roles and responsibilities of both entities.