Local Authorities Pension Plan – Benefits Canada.com

Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report

Sadie Janes — Thu, 11 Aug 2022 13:00:14 +0000

Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according to a new report by the Canadian Centre for Economic Analysis. This is equivalent to $14.40 of GDP for every $10 of retirement benefit payments received in 2021. The report […]

The post Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report appeared first on Benefits Canada.com.

Alberta Teachers’ Association files legal challenge to pension order

bwolfe — Fri, 19 Mar 2021 05:00:32 +0000

The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’ Retirement Fund. In documents submitted to court on March 10, the association argues the terms and conditions imposed in Finance Minister Travis Toews’ order are inconsistent with the province’s Teachers’ […]

The post Alberta Teachers’ Association files legal challenge to pension order appeared first on Benefits Canada.com.

Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

mschmit — Thu, 21 Jan 2021 05:46:52 +0000

Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]

The post Alberta’s public-sector pension plans reassuring members amid worry over ministerial order appeared first on Benefits Canada.com.

Alberta’s LAPP ending coordination option due to pension member confusion

mschmit — Thu, 29 Oct 2020 03:12:48 +0000

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 […]

The post Alberta’s LAPP ending coordination option due to pension member confusion appeared first on Benefits Canada.com.

What will coronavirus mean for pension investors in the long term?

mschmit — Mon, 14 Sep 2020 04:41:57 +0000

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 […]

The post What will coronavirus mean for pension investors in the long term? appeared first on Benefits Canada.com.

How have Canada’s DB pensions changed over the last decade?

mschmit — Thu, 20 Aug 2020 05:30:54 +0000

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 […]

The post How have Canada’s DB pensions changed over the last decade? appeared first on Benefits Canada.com.

LAPP downside protection strategy saves almost $1.9 billion

mschmit — Mon, 15 Jun 2020 10:59:37 +0000

The volatility caused by the coronavirus pandemic made the first quarter of 2020 rough for many Canadian defined benefit pension plans. In early June, the Local Authorities Pension Plan Corp., which is mandated to invest with the Alberta Investment Management Corp., said it began the year with $50.6 billion in assets under management and ended […]

The post LAPP downside protection strategy saves almost $1.9 billion appeared first on Benefits Canada.com.