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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 ...
The sole shareholder of these plans is the Alberta Minister of Finance. LAPP – On March 1, 2019, LAPP's primary oversight role was transferred from Alberta's Minister of Finance to the newly established LAPP Corporation, which under Canadian law, made the LAPP corporation the fiduciary to LAPP members requiring the corporation to "act solely ...
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]
Download as PDF; Printable version; In other projects ... Administers the LAPP, the largest pension plan in Alberta, which in 2022 had $58.7 billion in assets. [17]
Alberta Educational Communications Corporation; Alberta Foundation for the Arts; Alberta Gaming, Liquor and Cannabis Commission; Alberta Government Telephones; Alberta Investment Management Corporation; Alberta Oil Sands Technology and Research Authority; Alberta Pensions Services Corporation; Alberta Petroleum Marketing Commission; ATB Financial
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 ...
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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 ...