Search results
Results from the WOW.Com Content Network
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 ...
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]
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 ...
Public agencies are generally (with a few exceptions) created and regulated under the Alberta Public Agencies Governance Act (APAGA), which stipulates their responsibilities, restrictions, and general structures. [1] Many public agencies are also subject to more specific legislation and acts.
The 4,425,506 active members as of 2021 is a mere 1.8% decrease from the historic high of 4,505,601 active members in 2005 (when there were only 7,561 such plans). [8] It is important to note that DB plans remain the additional (after mandatory CPP or QPP) retirement income of choice for the Canadian public sector based on all data.
With approximately 95,000 members as of March 2019, it is Alberta's largest union. AUPE is primarily a public sector union, with members employed in government, health care, education, boards and agencies, municipalities, and occasionally private companies. As of 2022, AUPE has 33 locals and administers more than 120 separate collective ...
The Government of Alberta (French: gouvernement de l'Alberta) is the body responsible for the administration of the Canadian province of Alberta.In modern Canadian use, the term Government of Alberta refers specifically to the executive—political ministers of the Crown (the Cabinet/Executive Council) who are appointed on the advice of the premier.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more