LAPP is a jointly-sponsored pension plan. This means Plan sponsors, the employees (LAPP members) and employers (LAPP employers) who pay into the Plan, have equal say in how the Plan is managed.
The sponsor groups appoint representatives to the Sponsor Board, which is legislated to make important decisions about your Plan like pension benefits, eligibility rules and contributions.
The Sponsor Board and LAPP Corporation work together to accomplish important shared objectives: ensuring that pension benefits are paid to Plan members and overseeing the financial health and longevity of the Plan.
The Sponsor Board plays a key role in determining the risk appetite for the Plan, setting the Funding Policy and establishing contribution rates. Together these actions form the framework for how LAPP is funded.
The Sponsor Board will also meet with important employer and employee stakeholders of the Plan, who come together twice a year as the LAPP Stakeholder Consultation Group.
The actions of the Sponsor Board are guided by policies that outline rules of ethical conduct and conflicts of interest. Documents such as Board expenses and meeting minutes can be found in Governance Publications once they are posted.
Gil is appointed by the Alberta Federation of Labour (AFL).
Susan is appointed by Alberta Health Services (AHS).
Todd is appointed the City of Edmonton.
Kim is appointed by the Alberta Urban Municipalities Association (AUMA).
Mike is appointed by Alberta Union of Provincial Employees (AUPE).
Todd is appointed by Alberta Health Services (AHS).
Scott is appointed by the Alberta School Boards Association (ASBA).
Mike is appointed by Health Sciences Association of Alberta (HSAA).
Mary is appointed by Alberta Health Services (AHS).
Marle is appointed by the Canadian Union of Public Employees (CUPE).
Guy is appointed by the Alberta Union of Provincial Employees (AUPE).
Heather is appointed by the United Nurses of Alberta (UNA).