Universities Academic Pension Plan
The UAPP is a jointly-trusteed, defined-benefit pension plan registered under the Employment Pension Plans Act of Alberta, and the Income Tax Act (Canada). The eligible academic and professional staff of Athabasca University, The Banff Centre, the University of Alberta, the University of Calgary and the University of Lethbridge participate in the Plan.
The Plan Sponsors are the boards of governors and the faculty associations of the four Alberta universities and the Banff Centre and are bound by the Sponsorship and Trustee Agreement. The Sponsors' appoint members to the Board of Trustees and approve any changes to the pension plan benefits.
The UAPP is financed by employee and employer contributions and by investment earnings.
The AASUA President or delegate represents the Association as Sponsor and appoints an academic staff member as a Trustee on the UAPP's Board of Trustees.