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Local Authorities Pension Plan
Local Authorities Pension Plan (LAPP) began in 1962 in Alberta. It operates as a defined benefit pension plan for public sector organizations.
Overview
Local Authorities Pension Plan (LAPP) began in 1962 in Alberta. It operates as a defined benefit pension plan for public sector organizations. Employee and employer contributions plus investment earnings finance the plan.
General information
Firm type
Pension Fund
Year founded
1962
Location
Region
North America
Country
Canada
City
Edmonton
Corporate office
Edmonton, Alberta, Canada
Sector focus
Frequently asked questions
What asset classes does Local Authorities Pension Plan allocate to?
Allocations include public equities, private equity at a 6.62 percent current weight, infrastructure, real estate and timberland.
Which organizations sponsor Local Authorities Pension Plan?
Major sponsors include Alberta Health Services, the City of Calgary, the Canadian Union of Public Employees and the Alberta Union of Provincial Employees.
Does Local Authorities Pension Plan hold direct investments?
The plan maintains a minority stake in Puget Sound Energy through AIMCo and participates in global infrastructure and real estate assets.
Where is Local Authorities Pension Plan headquartered?
The plan is based in Edmonton, Alberta, with benefits administration handled by Alberta Pensions Services Corporation.
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