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2018: The government and the plans reach an agreement and new pension legislation is passed, setting an effective date for joint-governance. 2019: In March, LAPP becomes a jointly governed plan, giving the responsibility for decisions and risks of the Plan to the employer and employee groups contributing to the pension. [3]
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]
Legislative measures arising from the 2019 Alberta budget were implemented in Bills 20 and 21. Bill 20 repealed Edmonton's and Calgary's City Charters Fiscal Framework Act and replaced it with the new Local Government Fiscal Framework Act and the Public Transit and Green Infrastructure Project Act; repealed the Interactive Digital Media Tax ...
Nestled inside the $1.7 trillion government spending bill is a suite of ... emergency fund alongside their retirement account. Employees would be able to save up to $2,500 in an emergency fund ...
The most far-reaching part of Democrats' proposal within the $3.5 trillion reconciliation package is the requirement for many businesses to offer a retirement plan for their workers.
The provincial government unilaterally changed the way doctors could bill the province and warned that there would be freezes or cuts to government employees in the spring of 2020. Concerns were raised about the cost of the Canadian Energy Centre and about the March 4 decision to "fully or partially [close] 20 provincial parks and seeking ...
The bill passed the state Senate and House on party-line votes against opposition from GOP lawmakers who have described the move as a "raid" on teachers' retirement.
On June 11, 2020, the United Conservative government introduced the Reform of Agencies, Boards and Commissions and Government Enterprises Act, 2019 (Bill 22) amending a number of provincial statutes including transferring the administration of the Alberta Teachers' Retirement Fund to AIMCo, and requiring the two other largest public sector ...