About LAPP
The Local Authorities Pension Plan (LAPP) is a contributory defined benefit pension plan for employees of local authorities in Alberta. These include health facilities, cities, towns, villages, municipal districts, colleges, school boards and many other public sector organizations.
LAPP collects contributions from employers and employees, invests the contributions in equities, bonds and other investment vehicles, and uses investment income and contributions to pay pension benefits to retirees.
The Alberta Minister of Finance is currently the legal trustee of the Plan, which is governed by a 14-member Board of Trustees.
