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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employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1] It was originally enacted as the Pension Benefits Act, 1965 (S.O. 1965, c. 96), and it was the first statute in any Canadian jurisdiction to regulate pension plans.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]
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]
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 .
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 ...
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 ...
Alberta Educational Communications Corporation; Alberta Foundation for the Arts; Alberta Gaming, Liquor and Cannabis Commission; Alberta Government Telephones; Alberta Investment Management Corporation; Alberta Oil Sands Technology and Research Authority; Alberta Pensions Services Corporation; Alberta Petroleum Marketing Commission; ATB Financial
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]
Nevertheless, Alberta has always had the power to change its own internal composition without the approval of the federal parliament (within limits), and has done so on many occasions. For example Alberta has at various times had both a first-past-the-post and a hybrid single transferable vote / instant-runoff voting electoral system.