Management Employees Pension Plan

What Management Employees Pension Plan does

Management Employees Pension Plan (MEPP) is a defined benefit public sector pension plan established in 1972 in Alberta, Canada, serving management employees of the Government of Alberta and approved agencies, boards, and commissions. The plan is governed by the Public Sector Pension Plans Act, with the President of Treasury Board and Minister of Finance as statutory administrator and the seven-member Management Employees Pension Board (MEPB) providing governance oversight for funding, administration, and investment policy. Plan investments are managed externally by Alberta Investment Management Corporation (AIMCo) under an investment management agreement, while pension administration services are delivered by Alberta Pensions Services Corporation (APS). MEPP provides guaranteed lifetime income based on years of pensionable service and highest average salary, with annual cost-of-living adjustments (COLA) set at 60% of the Alberta Consumer Price Index — a 1.20% COLA increase was applied in 2026 — survivor and disability pension provisions, multiple pension options, and service buyback flexibility.

The core product portfolio consists of the MEPP defined benefit plan, the Supplementary Retirement Plan (SRP) for members above the salary cap (operating as a Retirement Compensation Arrangement effective since July 1, 1999), and the closed Public Service Management (Closed Membership) Pension Plan (PSM(CM)PP) for former managers not in active service as of August 1, 1992. Member-facing technology infrastructure includes the "Your Pension Profile" secure online portal (also referred to as PensionEase), personalized Pension Projection Calculator and Pension Estimator tools, a Buyback Estimator, and cobrowse technology enabling real-time guided member assistance. Microsoft Copilot AI tools are deployed to enhance internal decision-making and service efficiency, with explicit data residency protections. Member and employer contribution rates for 2026 are each set at 12.0% for MEPP and SRP, with an additional 19.7% employer rate to the SRP Reserve Fund.

MEPP's revenue model is contributory rather than commercial: the entity receives fixed-rate member and employer contributions rather than generating revenue, making it a cost-recovery statutory vehicle rather than a profit-seeking enterprise. Distribution is direct to members through a toll-free contact center, the Edmonton headquarters, a Calgary office for appointment-based in-person sessions, the secure online portal, webinars, bi-annual member newsletters, and quarterly board updates. The plan is integrated with inter-provincial transfer agreements, including the National Transfer Agreement and bilateral arrangements with PSPP, LAPP, SFPP, the Federal Public Service Pension Plan, and eight other provincial plans. MEPP is headquartered in Edmonton with 51-100 employees and operates solely within Western Canada.

Name

Management Employees Pension Plan

Legal name

Management Employees Pension Plan

Website

https://mepp.ca

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

51–100 employees

Short description

Management Employees Pension Plan is a legislatively-mandated defined benefit pension plan serving Alberta government management employees, providing guaranteed lifetime income, COLA adjustments, and survivor benefits. It is governed by the Management Employees Pension Board and administered by Alberta Pensions Services Corporation.

Ownership category

akta.pro rank

Product category

Public Sector Pension Plan

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Life Insurance (6311)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Liability-Driven Investment (LDI) & Pension Risk Transfer (PRT) Asset Management (FSAAAGAI)

Keywords

• Defined benefit pension
• Public sector pension
• Retirement income
• Pension administration
• Cost-of-living adjustments

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Distribution channels3 records

Marketing channels5 records

Core offering

MEPP is a legislated defined benefit (DB) pension plan providing guaranteed lifetime retirement income for management employees of the Alberta government and approved agencies, boards, and commissions. Benefits are calculated using a formula based on years of pensionable service and highest average salary, with annual cost-of-living adjustments tied to the Alberta Consumer Price Index. The plan also offers survivor/pension partner benefits, disability pensions, multiple retirement options (Joint Lifetime, Single Lifetime, with coordination), and service buyback/leaves provisions, supported by a secure online portal (Your Pension Profile) and a supplementary retirement plan (SRP) for members whose salaries exceed the plan cap.

Product overview

The Management Employees Pension Plan (MEPP) is a defined benefit (DB) pension plan administered by Alberta Pensions Services Corporation (APS). The core product portfolio consists of the MEPP defined benefit pension for Alberta government management employees, supplemented by the Supplementary Retirement Plan (SRP) for members exceeding the salary cap, and the closed Public Service Management (Closed Membership) Pension Plan for legacy members. Member-facing digital services include the Your Pension Profile secure online portal, along with Pension Estimator, Buyback Estimator, and Pension Projection Calculator tools. Human support services encompass One-on-One Information Sessions and Webinar Series. The SRP operates as an add-on module connected to MEPP, while the closed plan maintains separate administration.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• COLA increase of 1.20% applied in 2026
• +2 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Alberta Investment Management Corporation (AIMCo)coreTechnology or IntegrationAIMCo provides investment management services for the MEPP Fund under an investment management agreement with the Minister. AIMCo invests Plan funds for the benefit of Plan members, subject to legislation and the MEPP Investment Policy set by the Board. The Board reviews AIMCo's performance quarterly and conducts annual assessments.
• Alberta Pensions Services Corporation (APS)coreStrategic or Co-development PartnerAPS provides pension administration services under a pension administration services agreement with the Province. APS handles benefit administration for members, pensioners, and employers, including receiving/reconciling contributions, maintaining records, paying pensions, and providing information. MEPP and APS share data infrastructure including Microsoft Copilot enterprise tools.
• Government of Alberta (Provincial Transfer Agreements)coreStrategic or Co-development PartnerMEPP participates in National Transfer Agreement enabling member transfers to/from other provincial public sector pension plans including British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, PEI, and Quebec plans. Also has bilateral transfer agreements with Alberta-based plans (LAPP, PSPP, SFPP) and Federal Public Service Pension Plan.
• Public Service Pension Plan (PSPP)coreStrategic or Co-development PartnerMEPP has a Combined Pensionable Service (CPS) relationship with PSPP, allowing members to combine service between the two plans. Members with CPS cannot transfer benefits between the plans under any transfer agreement.
• MicrosoftsupportingTechnology or IntegrationMEPP uses Microsoft enterprise tools including Copilot AI for service enhancement and Microsoft Teams for webinar delivery. Microsoft's enterprise licensing ensures member data is protected with robust security measures. Microsoft Copilot does not learn from or retain any MEPP data.
• Recursive Labs (Cobrowse Vendor)supportingTechnology or IntegrationProvides cobrowse software enabling MEPP member services representatives to view member screens in real-time. The vendor has no access to information displayed during cobrowsing sessions.

Recent moves7 records

Expansion highlights5 records

Direct peers

• Public Service Pension Plan (PSPP): PSPP is a defined benefit pension plan for Alberta public service employees, with which MEPP has a Combined Pensionable Service relationship. PSPP serves a closely overlapping Alberta public-sector member base with a similar DB plan structure, making it a near-direct peer.
• Teachers' Retirement Fund (Alberta): Alberta Teachers' Retirement Fund manages a DB pension plan for Alberta teachers with similar statutory underpinnings, governance board structure, and investment management via AIMCo. It is a direct jurisdictional peer to MEPP within Alberta's public-sector pension ecosystem.
• Local Authorities Pension Plan (LAPP): LAPP is a multi-employer defined benefit pension plan for Alberta local government and provincial employees — the most direct comparable to MEPP in jurisdiction, plan design (DB), and target membership base. MEPP and LAPP share bilateral transfer agreements and a common Alberta governance context.

Others

• Alberta Investment Management Corporation (AIMCo): AIMCo is MEPP's investment manager and a peer in the sense of being a co-investor / fiduciary operating partner; it also serves as investment manager for many other Alberta pension plans, making it the closest comparable institutional investment steward for MEPP's fund.

Broad incumbents

• Ontario Teachers' Pension Plan (OTPP): OTPP is one of Canada's largest institutional investors and DB pension plans. While much larger and self-managing investments, OTPP is a broader incumbent comparable to MEPP in plan design, governance, and the long-term DB promise to a defined public-sector workforce.
• Healthcare of Ontario Pension Plan (HOOPP): HOOPP is one of Canada's largest DB pension plans for healthcare workers in Ontario. It is a broader incumbent comparable in plan design (DB), governance approach, and digital member services maturity — useful as a benchmark for what a scaled Canadian public-sector DB plan can achieve operationally.
• OMERS: OMERS is a large Canadian DB pension plan for Ontario municipal employees, comparable in plan design and statutory underpinnings to MEPP. OMERS operates at much larger scale but illustrates how Canadian public-sector DB plans govern, invest, and deliver member services at institutional grade.

Regional players

• British Columbia Pension Corporation: Pension Corporation administers DB pension plans for BC public-sector workers, comparable to MEPP in plan type, statutory governance, and shared-services administration model. It serves a different provincial jurisdiction but addresses the same fundamental problem of public-sector DB pension administration.
• Alberta Pensions Services Corporation (APS): APS provides pension administration services to MEPP and other Alberta public-sector plans. While not a competing plan itself, APS is the operational peer and shared-services provider whose scale, technology, and service model shape MEPP's cost structure and member experience.

Emerging players

• CAAT Pension Plan: CAAT is a multi-employer DB pension plan serving Ontario's broader public sector with a comparable plan design and member base to MEPP. It is comparable in structure and statutory approach but operates in a different provincial jurisdiction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/management-employees-pension-plan

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Management Employees Pension Plan