Alberta Local Authorities Pension Plan Corp. (ALAPP Corp.) was established as a Crown Corporation in December 2005 and incorporated under the Business Corporations Act. It has a small executive team whose function is to provide strategic support to the LAPP Board of Trustees and the Board of Directors of ALAPP Corp.
This team is made up of experts on investments, funding, pension law, pension policy, risk management, stakeholder relations, government relations and communications. The ALAPP team prepares the Board for making important decisions about the pension plan and provides expert advice as needed. Team members research issues, monitor pension developments around the world and make policy and operational recommendations to the Boards.
Once a decision has been made, team members work with various service providers, including its investment manager and benefit administrator, to make sure decisions are implemented. AIMCo, also known as Alberta Investment Management Corporation, is the investment manager of the LAPP fund. APS, also known as Alberta Pensions Services Corporation, delivers the pension benefit on behalf of LAPP.
The ALAPP Executive Team also looks after consulting and communicating with all stakeholders, including its almost 250,000 members province-wide. Communications for members are developed in partnership with APS, which is responsible for explaining LAPP pension benefits. ALAPP Corp. sets the strategic directions for LAPP communications.
To read more about strategic oversight of the Plan and reporting on financial status or investment results, see the website section entitled Your Pension is Secure.
The actions of the ALAPP Corp. Executive are governed by a policy which outlines rules of ethics and conduct: Employee Ethics and Conduct Policy
Mail: PO Box 1315
Edmonton, AB T5J 2M8