Retirement Academy

Workplace Pensions

A workplace pension is retirement income connected to your job. Some pensions pay a predictable monthly amount for life. Others depend on contributions and investment growth.

Common pension types

• Defined Benefit pension: usually pays a formula-based monthly pension.
• Defined Contribution pension: depends on contributions and investments.
• LAPP and PSPP: Alberta public-sector pension plans many workers may belong to.

This page is educational only. Always confirm details with your pension administrator.