It is very important to the long-term sustainability of the Plan that LAPP has informed and engaged stakeholders who understand the Plan and are adequately represented in its governance. LAPP is fortunate to have a knowledgeable group of stakeholders who meet with the Board at least twice a year to learn about the financial status of the Plan, issues relating to funding and investments and current strategies for mitigating risk. These representatives are known as our Stakeholder Consultation Group. We call them our SCG.
The 40+ members of our SCG represent employers, unions and associations from around the province and across all three sectors of LAPP: health, municipal government and education. Members and employers are very fortunate that many of these stakeholders have learned a lot about LAPP over the years and understand a great deal about the challenges faced by defined benefit pension plans in current and previous economic environments.
Many of these sponsor representatives have also been part of earlier efforts at governance reform, which LAPP has been seeking from government for more than 20 years. LAPP’s current governance structure does not provide a formal role for our hundreds of employers or for the dozens of union locals and professional associations who represent the 250,000 active members of the Plan.
LAPP continues to advocate to government for an improved governance structure that formalizes the role of our stakeholders, allowing them to act as true sponsors of the Plan with a defined role in decision making. Until we achieve governance renewal, however, we will be working with our stakeholder group to ensure our sponsors have an opportunity to provide input into important decisions being made by the Board.
It is also the Board’s intent that our SCG will continue to be part of a collaborative process to discuss options for governance. It is time for a renewal of LAPP that will ensure its rules, its benefits and its costs meet the needs of all LAPP members and stakeholders today and in the years ahead.
Current members of our Stakeholder Group represent these organizations:
|Employer Groups||Employee Groups|
|Alberta Health Services||Alberta Colleges & Institutes Faculties Association (ACIFA)|
|Alberta Urban Municipalities Association (AUMA)||Alberta Federation of Labour (AFL)|
|Alberta Association of Municipal District and Counties (AAMDC)||Alberta Firefighters|
|Alberta School Boards Association||Alberta Union of Provincial Employees (AUPE)|
|Cities of Calgary, Edmonton, Lethbridge, Red Deer, Medicine Hat||Canadian Union of Public Employees (CUPE)|
|Edmonton Catholic School Board||Civil Service Union (CSU)|
|EPCOR||City of Edmonton Management Association (CEMA)|
|Grant MacEwan University||Health Sciences Association of Alberta (HSAA)|
|Mount Royal University||International Brotherhood of Electrical Workers (IBEW)|
|Northern Alberta Institute of Technology (NAIT), Southern Alberta Institute of Technology (SAIT)||Operating Engineers (OE)|
|Public School Boards of Calgary, Edmonton||United Nurses of Alberta (UNA)|
|Strathcona County||Amalgamated Transit Union (ATU)|