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LEVEL OF DESCRIPTION: Sous-fonds
No.: GR0043.005SF
TITLE: Alberta Pension Administration Corporation sous-fonds
CREATOR: Alberta Pensions Administration Corporation
DATE RANGE: [1995]-
EXTENT: 0.00 m of textual records
ADMINISTRATIVE
HISTORY/BIOGRAPHICAL SKETCH: Dates of Founding and/or Dissolution:
The Alberta Pensions Administration Corporation was incorporated in 1995 under the Business Corporation Act (S.A. Chapter B-15, 1981).

Functional Responsibility:
Alberta Pensions Administration Corporation is a Crown Corporation that initially was responsible for administering eight statutory pension plans under the direction of five pension boards and the Government of Alberta, as well as one trusteed plan and two supplementary retirement plans. Alberta Pensions Administration Corporation core services are to collect pension fund contributions from employers and members, maintain members' accounts, calculate and pay plan benefits and provide information to members.
The number of pensions plan administered by the Alberta Pension Administration has varied over the Corporation's years of service. In 2001, the Minister of Finance delegated responsibility to the Corporation to administer each plan, subject to the administrative policy guidelines established by each board. The Alberta Pension Administration Corporation administers: the Universities Academic Pension Plan, which is an independently trusteed pension plan regulated by the Employment Pension Plan Act (R.S.A. Chapter E-8, 2000); A registered pension plan for Provincial Judges and Masters in Chamber created by the Provincial Court Act (R.S.A. Chapter P-31, 2000); the Public Service Management Pension Plan; The Members of the Legislative Assembly Pension Plan (closed 1989); and two supplemental retirement plans for the Public Sector Managers in Alberta, and Provincial Judges and Masters in Chambers. The Alberta Pension Administration Corporation is responsible for administering the following statutory pension plans under the direction of pension boards and the Government of Alberta: Management Employees Pension Plan; Local Authorities Pension Plan; Public Service Pension Plans; and Special Forces Pension Plan. Public Sector Pension Plan Act (R.S.A. Chapter P-41, 2000) is the enabling legislation for the statutory pension plans.

Predecessor and Successor Bodies:
Payroll and Pensions was the predecessor of the functional responsibility carried out by the Alberta Pension Administration Corporation. On April 1, 1980, the Public Service Pension Administration was transferred to the Office of the Controller and linked to the payroll function of the government to form the Payroll and Pensions Division. Payroll and Pensions core services in relation to pension plans included the collection of pension contributions and determination and payment of benefits. Under the Payroll and Pension Division from 1983 until 1985 The Pension Board Secretariat dealt with the administration of pensions. The Pension Board Secretariat at its inception functioned to: review legislation for new pension plans and amend existing Pension Acts and Regulations; develop reciprocal agreements with other pension authorities; provide administrative services to the Pension Boards; report and educate. Later in 1985, the Pension Board Secretariat functions were expanded to include: advising the department and the Provincial Treasurer on pension policy.
Responsibility for investment policy was transferred to the Pension Boards in 1994. The Alberta Government Pension Boards acted independently of the department, providing administrative services to the Pension Plan Boards relative to hearing of appeals against decisions of the Minister of Pensions in relation to the administration of the pension plans from 1986 to 1995. The Alberta Government Pension Boards shared the same Chairman. The staff of the Chairman's office provided clerical and professional support to the Pension Boards.
Payroll and Pension Division continued to administrate pension plans in Alberta Treasury until 1995. After a review of Alberta Treasury's core services, the Payroll and Pension Division was dissolved in 1995. Payroll was moved to Payment Systems Corporation (PSC) a joint government private sector venture. The Alberta Pension Administration Corporation was created under the jurisdiction of Alberta Treasury.

Administrative Relationships:
The Alberta Pension Administration Corporation was transferred from the jurisdiction of Treasury to the jurisdiction of Alberta Finance in 2001. The Government of Alberta owns the Alberta Pension Administration Corporation. The Alberta Pension Administration Corporation is responsible for administering the pension plan under the direction of the Pension Plan Boards and the Government of Alberta. A Board of Directors is appointed by the Minister of Finance to oversee the operation and administration of the Corporation. The Board of Alberta Pension Administration Corporation is accountable to Alberta Minister of Finance, to ensure that the Corporation meets its mandate to provide pension administration services to Alberta's public sector pension plan.

Administrative Structure:
A Board of Directors comprised of three appointees from the Pension Plan Boards and three appointees from the private sector governs Alberta Pensions Administration Corporation. The Board of Directors is responsible for ensuring that management fulfills its responsibilities for financial reporting and internal control. The Board carries out this responsibility principally through its Audit Committee. The Audit Committee reviews the financial statements and Annual Reports and recommends them for the Board for approval. The Auditor General of Alberta, who functions as the Corporation's external auditor, provides an independent audit of operations and financial statements. The Board also provides strategic direction to the Corporation.

Names of the Corporate bodies:
Alberta Pensions Administration Corporation is also known as Alberta Pensions Administration or by its acronym APA.

Names of Chief Officers:
Chairman of the Board
Jack H. McMahon 1996-[2002]

SCOPE AND CONTENT: There are no records in the custody of the Provincial Archives of Alberta at this time.
RELATED FONDS: GR0043 (Alberta Finance fonds)
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