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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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.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]
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]
Social Security Rules Could Result in Pension-Eligible Recipients Having Benefits Taken Back — How To Plan for Overpayments. Vance Cariaga. December 6, 2023 at 9:51 AM.
LAPP formally became a "jointly sponsored pension plan registered under the Employment Pension Plans Act (EPPA) of Alberta." [45] Public Service Pension Plan (PSPP) [46] – established in 1947, this plan is for employees of the Alberta government and other public service organizations. [47]
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 ...
He was formerly the chair of the Alberta Investment Management Corporation. [2] He was formerly a manager at BlackRock . Prior to 2016, Wiseman was president and CEO of the Canada Pension Plan Investment Board (CPPIB).
The Alberta Heritage Savings Trust Fund (HSTF) is a sovereign wealth fund established in 1976 [1]: 10 [2] by the Government of Alberta under then-Premier Peter Lougheed. [1]: 10 [2] The Heritage Savings Trust Fund was created with three objectives: "to save for the future, to strengthen or diversify the economy, and to improve the quality of life of Albertans."