ATRF is a provincial corporation established under the provisions of the Teachers' Pension Plans Act that provides services to over 80,000 plan members. ATRF is governed by the ATRF Board.
At the heart of ATRF’s success as the pension plan administrator of pensions for over 80,000 teachers is our strong, sound, independent, and professional governance model.
What that means is we owe a duty to the pension plans (the contributions made by teachers) and ultimately the plans’ beneficiaries over the long term. Every one at ATRF conducts business every day with that duty firmly at the heart of every decision.
Our governance model starts with our skilled, professional, independent board.
Role of the ATA and Government of Alberta
The Alberta Teachers’ Pension Plans were designed and jointly sponsored by the Executive of the Alberta Teachers’ Association and the Government of Alberta through the Minister of Education. The sponsors set the benefit levels and the rules to administer contributions and payments. These parties do not set the contribution rates, that responsibility is delegated under the TPPA to the ATRF Board.
Changes to the benefits, however, is a joint negotiation and decision of these two bodies, with the assistance of ATRF as a trusted neutral advisor. The sponsors also appoint experienced, professional experts to be members of ATRF’s Board.
Role of Executive Leadership Team
The employees at ATRF administer the pension plan and pay pensions as provided in the plan rules, and oversee the implementation of ATRF’s investment policy and implement ATRF’s long term strategy as approved by the board.
Good governance is based on processes and procedures that are based on transparency, accountability, and appropriate risk management. Review our annual report section for our investment performance each year.
Administrative Decisions and Review by the Board
When you have questions or concerns about an administrative decision made by ATRF staff, you should first contact ATRF directly for further information and review. As a member of the plans you may seek a review of certain administrative decisions made by ATRF staff that relate to eligibility of benefits and commencement of benefits. Those decisions may be reviewed by a sub-committee of the ATRF Board comprising of only members of the board. The ATA provides advice and assistance with the review for its members, if needed. For more information on this topic, please contact us.
Role of the Board
The eight-member board is appointed by the ATA and the Alberta Government. Both the ATA and the GOA appoint four members. The board sets the long-term strategy and oversees the Executive Leadership Team at ATRF. The board acts independently of the sponsors and the CEO/Executive, and is required (by its fiduciary duty) to make decisions in the best interests of the plans and its beneficiaries. The board sets the long term strategy of ATRF and the strategic investment policy to meet the needs of the plans.
Day-to-day management of the business affairs at ATRF are delegated to the CEO and his/her executive leadership team. As part of its critical independent role at ATRF, the board sets the contribution rates for plan members and the GOA.
Core Governing Legislation and Policies
ATRF is a corporation established pursuant and governed by the TPPA. We must comply with the Income Tax Act, and as a provincial agency, FOIP, RABBCA and the Financial Administration Act. Unlike some other pension plans across Canada we are required to delegate investment management to AIMCo.