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LAPP, formerly known by its expanded acronym, the Local Authorities Pension Plan, is the largest pension plan in Alberta and the seventh largest in Canada. With 291,259 members and $58.7 billion in assets (2022), LAPP is a multi-employer jointly sponsored [3] defined benefit pension plan. Dedicated to helping every member retire with dignity ...
Alberta Employment Pension Tribunal Regulatory/Adjudicative Hears certain appeals made by pension plan administrators, and can inquire into, hear, and determine all matters relating to decisions made by the Superintendent of Pensions. Treasury Board and Finance: Alberta Insurance Council Regulatory/Adjudicative
Based in Edmonton, APS administers seven statutory public sector pension plans, including its largest client LAPP (which contributes 72% of the annual operating budget), and two supplementary retirement plans on behalf of the Government of Alberta. [1]
Special Forces Pension Plan (SFPP) [49] – established in 1979 for police officers, police chiefs, and deputy chiefs employed by local authorities in Alberta. [50] Management Employees Pension Plan (MEPP) [51] – the foundations of this plan were established in 1972. Then known as the Public Service Management Pension Plan for management ...
The Local Authorities Board: Created in 1961 as an offshoot from the Public Utilities Board (Est. 1915), this was a quasi-judicial tribunal that heard matters related to taxation and land use issues, such as municipal debenture financing and annexations.
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
The original Municipal Government Act (known as Bill 23) was introduced by Edgar Gerhart in the Alberta Legislature in 1968 during the 1st Session of the 16th Alberta Legislature, along with the Municipal Election Act (now known as the Local Authorities Election Act). It came into effect on June 1, 1968, and defines the laws and rules under ...
Boards, agencies, and local government: employees of quasi-independent boards set up by the government of Alberta, government agencies, and municipal governments, as well as ATB Financial (a wholly-owned provincial crown corporation) and Alberta Terminals Ltd., [2] a private grain-handling company and division of Cargill that was formerly a ...