Contribution Information

The ATRF Board adjusts contribution rates as required following each actuarial valuation.

Contribution rates are set to cover the cost of plan benefits currently being accrued, including cost-of-living adjustments. Pensioners are eligible to receive an adjustment equal to 60% of the change in the Alberta Consumer Price Index for service prior to 1993 and 70% for service after 1992.

Active plan members and the Alberta Government or contributing employers share equally in funding for benefits related to service after August 1992, including the 60% cost-of-living adjustments. Active plan members are solely responsible for funding the additional 10% cost-of-living adjustments provided for service after 1992.

Deficiencies with respect to benefits earned after August 1992 must be funded over a 15-year period by additional contributions. These additional contributions are to be shared equally between active plan members and the Alberta Government or contributing employers. However, active plan members alone are required to fund all the actual cost with respect to that portion of deficiencies related to the additional 10% cost-of-living benefit for service earned after August 1992.

Effective September 1, 2009, the Alberta Government moved to pay-as-you-go funding for benefits earned prior to September 1992. The Alberta Government advances sufficient funds to ATRF to pay for all benefits for service before September 1992, as they come due.