Pensions

The Alberta Investment Management Corporation (AIMCo) is one of the most important Crown corporations operating in the province. It was, until recent controversies, perhaps the least known and understood of Alberta’s provincial agencies.

The CPP came into effect on January 1, 1966 and applied to all provinces and territories except Quebec, where the separate but similar QPP was established in the same year.

In the fall of 2013, Alberta’s Finance Minister Doug Horner announced major changes to the pension plans Alberta’s frontline workers in health care, education, emergency services, cities, towns, colleges, and universities pay into.

For many people, just having money to set aside for savings or investments is a stretch. Then there’s the issue of what to do if extra funds are available.