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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]
Public Service Pension Plan (PSPP) [46] – established in 1947, this plan is for employees of the Alberta government and other public service organizations. [ 47 ] Special Forces Pension Plan (SFPP) [ 48 ] – established in 1979 for police officers, police chiefs, and deputy chiefs employed by local authorities in Alberta.
Public Service Pension Plan (PSPP) Corporation Public Trust Reviews the actions of the administrator and investment manager of pension plans for employees of the government, certain public agencies, post-secondary institutions, and other public employees. Treasury Board and Finance: Special Forces Pension Plan (SFPP) Corporation
Within Canadian law, Pension regulation in Canada falls mostly within provincial jurisdiction by virtue of the property and civil rights power under the Constitution Act, 1867. For workers whose employers are subject to federal jurisdiction , such jurisdiction extends to regulating pension plans available to them.
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]