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.
Documents such as Sponsor Board expenses 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).
Kim is appointed by the Alberta Urban Municipalities Association (AUMA).
Noelle is appointed by the City of Edmonton.
Rory is appointed by the Canadian Union of Public Employees (CUPE).
Scott is appointed by the Alberta School Boards Association (ASBA).
Aaron is appointed by Alberta Health Services (AHS).
Mike is appointed by Health Sciences Association of Alberta (HSAA).
Colleen is appointed by Alberta Health Services (AHS).
Guy is appointed by the Alberta Union of Provincial Employees (AUPE).
Heather is appointed by the United Nurses of Alberta (UNA).