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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.
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]
Appointed by the Minister of Advanced Education; the Board of Governors are responsible for establishing admission, enrolment, and program requirements; annual budgets, determining domestic and international tuition rates; disciplining staff and students; setting the working conditions in contracts with academic and non-academic staff unions.
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 ...
The Assured Income for the Severely Handicapped (AISH) is a provincial program established in 1979 in Alberta, Canada, that provides financial and health related benefits to eligible adult Albertans under the age of 65, who are legally identified as having severe and permanent disabilities that seriously impede the individual's ability to earn a living. [1]
A new long-acting preventive HIV drug could reach the world’s poorest countries by the end of 2025 or early 2026, a global health official told Reuters on Tuesday. The ambition is to start ...
After four years under Joe Biden, who enthusiastically called himself "the most pro-union president in American history,” employers and labor groups alike are heading into President-elect Donald ...
The Survey of Income and Program Participation (SIPP) is a statistical survey conducted by the U.S. Census Bureau. The SIPP is designed to provide accurate and comprehensive information about the incomes of American individuals and households and their participation in income transfer programs .