Alberta School Employee Benefit Plan

ASEBP is governed by a ten-member Board of Trustees chaired by Daryl Scott. The Alberta Teachers' Association appoints five trustees and the Alberta School Boards Association appoints the other five, creating a joint-trusteeship model that requires consensus between organized labor and management. Every investment and benefit decision must satisfy both parties, which produces a capital-preservation-first posture designed to withstand provincial funding disputes and labor actions without disrupting claim payments.

ASEBP follows a liability-driven investment framework typical of Canadian benefit trusts. The portfolio is heavily weighted toward investment-grade Canadian fixed income for duration matching against long-dated health claims, supplemented by a smaller return-seeking sleeve that includes direct commercial real estate — such as the Allendale Centre East in Edmonton — and tangible capital assets. No public details on external fund commitments or specific fixed-income managers are available.

Both organizations are the plan's joint founders and governing sponsors. They created ASEBP to provide benefits to education workers across the province's public, separate, and charter school systems. Each appoints five trustees, ensuring neither the union nor management bloc can unilaterally control benefit levels, contribution rates, or investment policy.