The Public Service, Canadian Forces and Royal Canadian Mounted Police Pension Funds were established by amendments to the Public Service Superannuation Act, the Canadian Forces Superannuation Act and the Royal Canadian Mounted Police Superannuation Act ("the Superannuation Acts"), to receive contributions and make benefit payments in respect of member service after April 1, 2000. The Reserve Force Pension Fund was established by an amendment to the Canadian Forces Superannuation Act to receive contributions and make benefit payments in respect of member service after March 1, 2007.

The net contributions are transferred, by each Pension Fund, to their respective PSP Investments Plan Account for investment.

PSP Investments is responsible for managing amounts that are transferred to it in the best interests of the beneficiaries and contributors under the Superannuation Acts.