Alberta’s Local Authorities Pension Plan is lowering its 2026 contribution rates and providing members with a cost-of living adjustment due to the plan’s strong financial position. Contribution rates for both plan members and employers will decrease by roughly one per cent for next year, with surplus funds making up the difference, according to a press […]
An article on the impact of rising benefits costs was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 73% of employers say rising benefits costs a top issue in 2025: survey 2. 50% of Canadian gen-Zers prefer roles […]
Alberta’s Local Authorities Pension Plan is now allowing defined benefit pension plan sponsors to join by transferring their existing assets and liabilities into the LAPP. The Alberta Teachers’ Association is the first plan sponsor to join the LAPP in this way, by transferring its plan for office staff. These members will now have access to […]
Nine Canadian public sector pension plans are passively invested in companies with evidenced involvement in the persecution of Uyghurs in China, according to a new report by U.K. think tank Hong Kong Watch. The report includes three federal and six provincial pension investment organizations — among more than 30 global institutional investors — as passive investors […]
The Alberta Union of Provincial Employees is calling on the Alberta Investment Management Corp. to “quantify the climate risks of its investments and adopt a path to net zero.” The AUPE’s call for action was one of three environmental resolutions for which the union’s membership voted in favour during its annual convention held earlier this […]
Alberta’s Local Authorities Pension Plan is cancelling its coordination option, citing regret and confusion from plan members who mistakenly accessed the feature without fully understanding the financial implications. According to a statement by the LAPP, coordination will be discontinued for members who start their pension on or after Jan. 1, 2021. It noted the option’s […]
Real estate, a long-time stable, returns-generating asset class for pension plans, may no longer be as solid due to the impact of the coronavirus pandemic. “A pretty traditional asset class for pension plans may have been in office and retail, but one of the changes that’s happened is [the move to] remote working,” said Barbara […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
On March 1, 2019, Alberta’s Local Authorities Pension Plan gained independence from the government by becoming a jointly sponsored pension plan. “The history of LAPP is that the Minister of Finance of the province of Alberta has historically been the trustee of the pension fund and the administrator of the plan, and this new legislation […]