Alberta Economic Forecast

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) 2012 2013 2014 2015 2016 $38.5 $44.4 $52.2 $60.1 $67.1 78.4% 81.5% 87.1% 93.8% 99.4% $1.5 $1.8 $1.8 $1.7 $1.5 $10.6 $10.9 $11.6 $11.2 $10.6 $8.1B of total unfunded liability from a settlement with teachers to deal with an issue stemming from 1992 pension reform Unfunded Pension Liability's absolute value has remained fairly static, but Aggregate Funded Status has greatly improved Alberta 29

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