There is a lot that goes into managing a pension plan, but the good news is you don’t have to worry about all those details. Your Plan is in Good Hands.
LAPP has many dedicated professionals acting with your best interests in mind and attending to what matters every day. If you want to learn about how the Plan is managed and who these professionals are, you have come to the right place. All the information you need is in this section and we are happy to share it with you.
LAPP is responsible for ensuring the pension needs of 281,764 members, some working and some retired. We are accountable for the proper management and growth of a pension fund totalling over $61.7 billion, and we are committed to providing a secure retirement income for LAPP members at a reasonable cost. This is a big commitment and one we will continue to approach with pride and enthusiasm for many decades to come.
The governance, oversight, and strategic management of the Plan fall to those described in the section called Our People.
You can read more about the policies, planning, and strategic direction underpinning the work we do in the section called Our Vision.
Our Governance explains what joint governance means today and how that differs from before March 1, 2019, when significant reforms were made.
Services related to day-to-day pension benefit administration and investment management are legislated by the Government of Alberta and provided by two designated Alberta Crown corporations detailed in the section called Our Partners.