The Plan is now established through a Sponsorship and Trust Agreement signed by the Plan Sponsors. The Plan Text, which describes the benefits to be provided under the UAPP, forms part of the Sponsorship and Trust Agreement.

The Plan Sponsors
The Plan Sponsors are the academic staff associations of Alberta universities, the boards of governors of Alberta universities and The Banff Centre. The Plan Sponsors' responsibilities include appointing members to the Board of Trustees, approving changes to Plan benefits and amending the Sponsorship and Trust Agreement.

The Board of Trustees
The Board of Trustees is made up of four employer nominees and four employee nominees. Their responsibilities include administration of the Plan, investment of Plan funds, setting contribution rates required to fund the Plan and making recommendations regarding Plan changes for consideration by the Plan Sponsors.

On behalf of the Board of Trustees, Buck Consultants and CIBC Mellon provide plan administration and pensioner payroll services and Alberta Investment Management Corporation (AIMCo) manages the Plan's investments.