SFPP is delivered through the collaboration of several organizations.
The President of Treasury Board and Minister of Finance (the Minister) is the administrator and trustee of SFPP, holding ultimate responsibility for the Plan’s direction and delivery. However, the Minister has delegated the day‑to‑day functions in operating the Plan to the Special Forces Pension Board and two Crown corporations:
- The Special Forces Pension Board (SFPB or the Board) is entrusted under provincial legislation to perform high level strategic guidance pertaining to the Plan.
- Alberta Pensions Services Corporation (APS) is responsible for administering the Plan’s benefits.
- Alberta Investment Management Corporation (AIMCo) invests the Plan’s funds.
The Auditor General of Alberta audits SFPP's finances.
Trustee of the Plan
The primary oversight function of SFPP belongs to an elected official of the Alberta government, the President of Treasury Board and Minister of Finance. In addition to serving as official trustee and administrator of the Plan, the Minister is also busy filling other roles within government and has delegated many SFPP-related responsibilities to others to make sure that everything is as it should be with your pension and the SFPP Fund. The Minister retains authority over the system as a whole and is supported by department staff at Alberta Treasury Board and Finance.
Special Forces Pension Board
The Board’s responsibilities include setting contribution rates, evaluating Plan costs, and developing strategies and policies related to funding, investments and Plan design. The Board also regularly communicates with Plan members and a group of employee and employer representatives called the Sponsor Committee.
The Board is made up of 3 employee nominees, 3 employer nominees and 1 nominee from the Government of Alberta, who provide strategic guidance over the Plan.
Dwayne SmithVice Chair
The Board is supported in its role by a management team, which carries out governance and operational functions.
Natasha MartinPlan Board Manager
Courtney Andrews-PeckfordPlan Board Specialist
Amy HynesPlan Board Specialist
Legislated Service Providers
Services APS provides on behalf of SFPP include:
- Managing contributions;
- Providing information to members, retirees and employers;
- Calculating pensions and providing estimates;
- Paying out pension benefits;
- Developing administrative policies; and
- Communications in co-operation with SFPB Management.
Alberta Investment Management Corporation (AIMCo) has been delegated the responsibility for investing the SFPP fund and indexing fund in accordance with the general policy guidelines established by the Board and in accordance with the Employment Pension Plans Act.
AIMCo is one of Canada’s largest institutional investment fund managers. AIMCo manages billions of dollars for Alberta pensions, endowments and government funds, including the SFPP Fund.
AIMCo was established as a Crown corporation in 2008. Its sole shareholder is the Government of Alberta.