Case Study · Financial Products & Retirement
$1.2 Billion in Social Value Identified for Alberta Pension Members
Public-sector pensions across LAPP, PSPP and SFPP were assessed for the value of retirement security created for members.
2021 social value
$1.2 billion
LAPP, PSPP & SFPP · report published 2022
What the Work Shows
For retired members of the studied defined-benefit plans, the financial equivalent of higher life satisfaction was estimated at $1.2 billion in 2021, or about $12,800 per retiree compared with having no pension.
Retirees with a defined-benefit pension were 34% more likely to report higher life satisfaction than retired Albertans with no pension and 15% more likely than those with a defined-contribution pension.
View the public CANCEA source →Why It Matters
Decision-makers can use this kind of evidence to understand both the scale of an outcome and who experiences it — a stronger basis for comparing options, communicating value and testing whether an intervention improves people's lives.
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