Every five years, LAPP sets a clear direction for where the Plan is headed. This plan reflects who we are, the world we operate in, and the promises we intend to keep to the more than 326,000 Albertans who count on us. Here is what that looks like.
For more than 60 years, LAPP has helped the people who serve Alberta retire with confidence. From the first day of participation to every year of retirement, we provide support at every stage of the journey.
LAPP is a defined benefit pension plan, established in 1962. A defined benefit means your pension is a predictable, lifetime retirement income based on your salary and years of service, not on how markets perform in any given year.
Members and employers contribute together. Those contributions are pooled and invested carefully over decades. That fund, now over $76 billion, pays secure, inflation-indexed pensions to current retirees while continuing to grow for everyone still working toward retirement. That makes LAPP the largest pension plan in the province.
Our Vision
A pension plan that delivers value, today and tomorrow.
Our Mission
We govern responsibly and steward the Plan in the shared interests of members and employers, ensuring pensions earned are delivered.
LAPP operates in an environment that is changing quickly, and we are paying close attention. Several broader forces are shaping how leading pension plans operate today.
Markets that move faster and connect more tightly than ever before.
New technology is changing how organizations work and invest.
Members expect more from their plan, including convenient, digital experiences.
Our membership is evolving alongside broader demographic changes.
Four goals turn our vision and mission into clear priorities. Together, they focus our efforts across the Plan for 2027 to 2031.
01
Maintain long-term sustainability and benefits security through prudent funding and investment strategies, integrated risk management, and deliberate growth.
02
Pioneer a fundamentally new approach to how members and employers experience the Plan, grounded in research and built to drive enthusiasm and continued participation.
03
Pursue excellence in governance through collaborative stewardship, building trust through alignment, strong relationships, and a distinct Plan identity.
04
Build a future-ready, high-performing organization that leverages strong relationships, people, data, and technology to deliver sustained effectiveness, efficiency, and agility.
We act honestly, transparently, and with care to maintain trust in the Plan.
We take a long-term view and are accountable for protecting the pensions members have earned.
We take a respectful approach and recognize the value of diverse perspectives.
We drive exceptional performance through leadership and innovation.
Read the Full Strategic Plan
Want the complete picture? Download the full 2027 to 2031 Strategic Plan to see every goal, objective, and commitment in detail.