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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 .ca. 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 ...
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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.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]
Student: Employees who are participating in a Government of Canada student employment program, such as the Federal Student Work Experience Program (FSWEP) or a co-op program with a post-secondary institution. Under certain conditions, students may claim benefits and contribute to the pension if they are continuously employed for more than 6 months.
There are five main categories of public agencies in Alberta: Regulatory/Adjudicative: Regulatory agencies license, make rules for, and oversee sectors of society and economy. Adjudicative agencies have quasi-judicial powers, such as ruling on appeals. Some agencies combine both sets of functions.
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]
Alberta Advanced Education is responsible for the public funding of post-secondary institutions in the province, in addition to loans and grants for post-secondary students. [1] The ministry has existed in its current form since 2004. However, two other ministries with the same title existed from 1971–1975 and 1983–1992. [2]
Old Age Security (OAS) is a monthly payment available to qualifying citizens and permanent residents of Canada who are 65 years old and older. Authorized by Section 94A of the Constitution Act of 1867, [1] the program is defined by the Old Age Security Act (R.S.C., 1985, c. O-9). [2] Implementation is the responsibility of the Minister of ...