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The Alberta Pensions Services Corporation (APS) is a Crown corporation responsible for providing pension benefit administration services for public-sector employees in Alberta, Canada. Based in Edmonton, APS administers seven statutory public sector pension plans, including its largest client LAPP (which contributes 72% of the annual operating ...
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 Canada Pension Plan (CPP) forms the backbone of Canada's national retirement income system. All those employed aged 18 or older (and their employers) must contribute a portion of their income (matched by their employers) into the CPP or, for Quebec residents, the Quebec Pension Plan (QPP).
Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans. [2]
Public Service Pension Plan (PSPP) [47] – established in 1947, this plan is for employees of the Alberta government and other public service organizations. [48] Special Forces Pension Plan (SFPP) [49] – established in 1979 for police officers, police chiefs, and deputy chiefs employed by local authorities in Alberta. [50]
Superannuation in Australia – Private, and compulsory, individual retirement contribution system. Social Security – Public pensions; Austria – Pensions in Austria; Canada: Canada Pension Plan; Old Age Security; Quebec Pension Plan; Registered retirement savings plan; Saskatchewan Pension Plan; Finland – Kansaneläkelaitos
Canada Pension Plan (2 C, 2 P) O. OMERS (1 C, 12 P) Pages in category "Public pension funds in Canada" The following 13 pages are in this category, out of 13 total.
Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a registered retirement savings plan). [1] As of June 30, 2024, CPP Investments (CPPI) manages over C$646 billion in investment assets for the Canada Pension Plan on behalf of 22 million Canadians ...