LAPP Corporation, overseen by the Corporate Board of Directors, is the administrator and trustee of the Plan.
The role of the Corporation is to ensure that pensions are paid to members. This is done by providing strategic guidance for the Plan, managing risk and ensuring the long-term sustainability of LAPP.
The directors are appointed by the same employee (LAPP member) and employer (LAPP employer) sponsor groups that appoint the Sponsor Board.
The Corporate Board is resonsible for establishing a Statement of Investment Policies and Procedures (SIPP) which outlines the asset allocation for the Fund, based on the risk appetite set by the Sponsor Board. The Corporation is also responsible for the administration of the pension benefit.
The Board of Directors is guided by bylaws and policies that outline rules of ethical conduct and conflicts of interest. Documents such as Board compensation, expenses, bylaws and meeting minutes can be found in Governance Publications once they are posted.
Darren is appointed by Alberta Health Services (AHS).
Terry is appointed by the Alberta Union of Provincial Employees (AUPE).
Steve is appointed by the Alberta Federation of Labour (AFL).
Robert is appointed by Alberta Health Services (AHS).
Maria is appointed by the City of Calgary.
Tina is appointed by Alberta Health Services (AHS).
Kent is appointed by the Council of Post-Secondary Presidents of Alberta.
Laura is appointed by the Health Sciences Association of Alberta (HSAA).
Peter is appointed by the Canadian Union of Public Employees (CUPE).
Larry is appointed by the Alberta Union of Provincial Employees (AUPE).
Soren is appointed by the Rural Municipalities of Alberta (RMA).
Richard is appointed by the United Nurses of Alberta (UNA).