Plan Rule Amendment Process

Below you will find an outline of the plan rule amendment process. A list of amendments approved by the LAPP Sponsor Board can be found on the Plan Rule Amendments page.

Process for Plan Amendments
 

At the first Sponsor Board meeting of each year, the Board will consider a list of potential amendments requested by stakeholders. Stakeholders can submit requests for changes to plan rules using the Stakeholder Request for Plan Amendments form. The Board will decide which amendment requests will be considered for a Board decision. 

The annual process is:

January 15 of each year
All stakeholder requests for Plan amendments received in writing by this date will be eligible for Board consideration in the year's review cycle. The full list of requests will be posted under the Proposed Amendments tab (above). 

February Sponsor Board Meeting 
The Board will be presented with all requests for plan rule amendments and will decide which requests to consider in the year. The requests to come back to the Board for a final decision in September will be posted under the Amendments Under Consideration tab.

September Sponsor Board meeting
The Board will make a decision on each proposed amendment, and the final decisions will be posted under the Board Decision tab. 

Proposed Amendments

All requests for plan rule amendments made by January 15 of each year will be listed here, to be presented to the Sponsor Board at the February Board meeting.

Proposed Plan Rule Amendment Details Notes
Alberta Fire Fighters Association (AFFA) enhanced plan benefit options LAPP Corporation received an application from the Alberta Fire Fighters Association (AFFA) to request that LAPP provide a benefit option that would allow interested fire fighters and employers to participate at the maximum level of pension coverage currently available to fire fighters in Canada. The LAPP Sponsor Board considered the initial application at its February 12, 2021 meeting and has decided to consider this request further as part of the 2021 process for plan rule amendments. 
Joint Lifetime Reduced by 1/3 Guaranteed at Least 5 Years – Reduced on a member’s death only LAPP Corporation received an application from member Mr. B. Tanner to request that the Joint Lifetime Reduced by 1/3 Guaranteed at Least 5 Years option be reduced on the member’s death only for future retirements. The LAPP Sponsor Board considered the initial application at its February 11, 2022 meeting. The Sponsor Board has requested further research by LAPP Corporation on how this change would affect those pension plans which are supplemental to LAPP. The decision is postponed until this research is completed.


 

 

Amendments Under Consideration

This list includes those plan rule amendments the Board has agreed to consider in the year. These changes will be considered by the Board at its September meeting.

Proposed Plan Rule Amendment Details Notes
Alberta Fire Fighters Association (AFFA) enhanced plan benefit options LAPP Corporation received an application from the Alberta Fire Fighters Association (AFFA) to request that LAPP provide a benefit option that would allow interested fire fighters and employers to participate at the maximum level of pension coverage currently available to fire fighters in Canada. The LAPP Sponsor Board considered the initial application at its February 12, 2021 meeting and has decided to consider this request further as part of the 2021 process for plan rule amendments. The results will be posted under the Board Decision tab after the September Sponsor Board meeting.
Joint Lifetime Reduced by 1/3 Guaranteed at Least 5 Years – Reduced on a member’s death only LAPP Corporation received an application from member Mr. B. Tanner to request that the Joint Lifetime Reduced by 1/3 Guaranteed at Least 5 Years option be reduced on the member’s death only for future retirements. The LAPP Sponsor Board considered the initial application at its February 11, 2022 meeting. The Sponsor Board has requested further research by LAPP Corporation on how this change would affect those pension plans which are supplemental to LAPP. The decision is postponed until this research is completed. Once this research has been completed and the Sponsor Board has made its decision, the results will be posted under the Board Decision tab.

 

 

 

 

 

Board Decision

This list includes the plan rule amendments the Board considered at its September meeting.  

Proposed Plan Rule Amendment Details Notes
Alberta Fire Fighters Association (AFFA) enhanced plan benefit options LAPP Corporation received an application from the Alberta Fire Fighters Association (AFFA) to request that LAPP provide a benefit option that would allow interested fire fighters and employers to participate at the maximum level of pension coverage currently available to fire fighters in Canada. The LAPP Sponsor Board considered the application at its September 2021 meeting. The Board decided to temporarily postpone making a final decision so that the application can be considered as part of a strategic growth model.