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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.
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 ...
Alberta: Employment Pension Plans Act RSA 2000, C. E‑8: Office of the Alberta Superintendent of Pensions Saskatchewan: The Pension Benefits Act, 1992 SS 1992, C. P-6.001: Financial and Consumer Affairs Authority of Saskatchewan Manitoba: The Pension Benefits Act C.C.S.M. c. P32: Office of the Superintendent - Pension Commission Ontario
Pensions plans whose assets are managed by AIMCo include LAPP (Local Authorities Pension Plan), the Alberta Teachers' Retirement Fund (ATRF), Public Service Pension Plan, Special Forces Pension Plan, Employment Pension Plans Act (EPPA), Public Service Pension Plan (PSPP), Management Employees Pension Plan (MEPP), Provincial Judges and Masters ...
Americans who receive pensions have a complicated relationship with the Social Security system due to a couple of federal rules designed to reduce excessive Social Security payouts: the Windfall...
Alberta Employment Pension Tribunal Regulatory/Adjudicative Hears certain appeals made by pension plan administrators, and can inquire into, hear, and determine all matters relating to decisions made by the Superintendent of Pensions. Treasury Board and Finance: Alberta Insurance Council Regulatory/Adjudicative
Several other provinces including Ontario, Quebec, Nova Scotia, Saskatchewan, British Columbia and Alberta have introduced legislation allowing for target benefit plans, but are waiting for the establishment of a regulatory regime that would outline the specific rules governing this type of pension plan. [4]
Private pension plans are subjected to various regulations among the provinces and territories, and must be registered with the authorities. Defined benefit plans guarantee a specific retirement benefit to plan members, based on a formula that takes into account factors such as the member's years of service and earnings history.