• Canadian Taxpayers Federation

CTF: Thousands of Alberta city employees eligible for second or third pensions


CALGARY, AB: The Canadian Taxpayers Federation released a report showing that thousands of city employees across Alberta are eligible for second or third city pensions when they retire. The second and third city pensions cost taxpayers $24.8 million in 2019.

“It’s crazy to think that while families are struggling to pay their grocery bills and businesses are struggling to keep their doors open, taxpayers are paying into second or third pensions for thousands of city employees,” said Franco Terrazzano, the CTF’s Alberta Director. “It’s time for councillors and mayors to do the right thing and end these golden perks.”


Through freedom of information requests, the CTF found that thousands of city employees, in municipalities with population above 30,000 people, are eligible to receive two or three pensions when they retire. The second and third pensions costs taxpayers $24.8 million in 2019.


Multiple pensions for Alberta’s city employees in 2019:





First pension: City employees are eligible for the Local Authorities Pension Plan, which is a defined benefit plan that refers to itself as “quite generous.”


Second pension: The APEX Supplementary Pension Plan is the most common second pension plan and tops-up the LAPP. While Calgary and Edmonton are not included within the APEX plan, both cities offer top-up plans.


Third pension: The Overcap Supplementary Executive Retirement Program (MuniSerp) is the most common third pension offered and is a 100 per cent taxpayer-funded payment that supplements LAPP and the APEX pension plans. Calgary offers a similar third pension.



You can find the CTF’s report here



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