Alberta Releases Updated Draft Interpretive Guideline for Governance, Investment and Funding Policies and Plan Assessments; Comments Due June 30

Alberta released a revised draft Interpretive Guideline 12 (IG-12) - Governance, Investment and Funding Policies and Plan Assessments. The guideline is designed to explain the provisions of the Employment Pension Plans Act (the Act) and the Employment Pension Plans Regulation (the Regulation) as they relate to the creation and maintenance of plan governance, investment and funding policies and to provide guidance in assisting plan administrators in reviewing the operation of their plan on a regular basis. The guideline summarizes the legislative requirements that apply and includes additional details to outline the Superintendent of Pensions’ (the Superintendent) expectations and requirements where such authority has been provided by the Act and Regulation. Finally, the guideline outlines best practices and policies that the Superintendent expects from provincially regulated pension plans.

Comments are due June 30, 2017.

Submit your comments via email to employment.pensions@gov.ab.ca, using the Subject Line “Interpretive Guidelines Consultation".​