Albertan Canada Economic and Pipeline Update

Financial management Appendix Well funded public sector pensions Public Sector Pensions Fiscal Year Ending Mar 31 Net Pension Assets (billions) Aggregate Funded Status Liability for Province's employer share (billions) Total Government Unfunded Pension Liabilities (billions) • 2013 2014 2015 2016 $44.4 $52.2 $60.1 $67.1 $73.1 81.5% 87.1% 93.8% 99.5% 100.3% $1.8 $1.8 $1.7 $1.5 $1.2 2017 $10.9 $11.6 $11.2 $10.6 $10.0 $7.9B of total unfunded liability from a settlement with teachers to deal with an issue stemming from 1992 pension reform Aggregate Funded Status has greatly improved, while unfunded Pension Liability's absolute value has remained fairly static 29 29 Albertan Canada

View entire presentation