Local Authorities Pension Plan

What Local Authorities Pension Plan does

Local Authorities Pension Plan (LAPP) is Alberta's largest pension plan, a defined benefit public sector plan operating under the Alberta Joint Governance of Public Sector Pension Plans Act. LAPP serves over 451 participating employers across Alberta — including municipalities (City of Calgary, City of Edmonton, Regional Municipality of Wood Buffalo), school boards (Calgary Board of Education, Edmonton Public Schools), health authorities (Alberta Health Services, Covenant Health), and post-secondary institutions (NAIT, SAIT, Mount Royal University, multiple colleges) — providing guaranteed retirement income, cost-of-living adjustments, survivor benefits, and portability to their employees. As of December 31, 2025, the plan manages over $75 billion in assets.

The plan is administered by Alberta Pensions Services Corporation (APS) under legislated arrangement, and its assets are invested by AIMCo (Alberta Investment Management Corporation) under a Government of Alberta mandate, with investment direction set by the LAPP Boards. The technology platform comprises a member Pension Profile portal with secure messaging, online retirement applications, online buyback elections, a Member Document Centre, and cobrowsing session support (powered by Recursive Labs) for real-time member service. Additional member-facing tools include Pension Estimator, Advantage Estimator, Buyback Estimator, and Member Toolkits for onboarding, termination, and retirement transitions. An Employer Portal and Employer Hub support payroll-side administration for participating employers.

LAPP's economic model is funded by recurring employer and employee payroll contributions, with contribution rates set through actuarial valuations to ensure long-term plan funding. Investment returns on $75B+ in assets help fund pension obligations. The plan does not charge traditional fees; instead, it demonstrates cost efficiency of $183 per active member versus a peer average of $243, while achieving above-peer-median service quality (Total Service Score 86 vs 79) and member satisfaction of 8.7 against an 8.2 target. Governance is structured under a joint sponsorship model implemented March 1, 2019, with both a Sponsor Board and a Corporate Board involved in actuarial valuations and contribution rate setting.

Name

Local Authorities Pension Plan

Legal name

Local Authorities Pension Plan

Website

https://lapp.ca

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

LAPP is Alberta's largest defined benefit pension plan, serving over 451 public sector employers and managing $75B+ in assets. It provides guaranteed lifetime retirement income to Alberta municipal, education, healthcare, and post-secondary employees, administered by APS with assets invested by AIMCo.

Ownership category

akta.pro rank

Product category

Public Sector Defined Benefit Pension Plan

NAICS

Pension Funds (52511), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Insurance and Employee Benefit Funds (5251)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

State/Provincial Human Services & Benefits Administration (Welfare, Disability, Child & Family) (BPAIABAI), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Defined benefit pensions
• Public sector pension
• Pension plan administration
• Retirement income benefits
• Pension fund management

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Technology or R&D, Infrastructure

Revenue model

1. Pension Contributions: LAPP is funded through contributions from both employers and employees. Employers contribute a portion of employee salaries to the pension plan, and employees have payroll deductions contributed to their pension. Contribution rates are set based on actuarial valuations to ensure long-term funding of the plan.
2. Investment Returns: LAPP's $75+ billion in assets generate investment returns that help fund pension obligations to members. Assets are managed by AIMCo under Government of Alberta legislated mandate.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Local Authorities Pension Plan (LAPP) is Alberta's largest public sector pension plan providing a defined benefit pension that guarantees lifetime retirement income for employees of municipalities, school boards, health authorities, colleges, universities, and other Alberta public sector employers. The plan is funded through employer and employee contributions, with assets invested by AIMCo under Government of Alberta legislated mandate, and pension benefit administration delivered through Alberta Pensions Services Corporation (APS).

Product overview

Local Authorities Pension Plan (LAPP) is Alberta's largest pension plan offering a unified retirement income product. The core offering consists of the Pension Profile member portal and Employer Portal/Hub for pension administration. These are supported by member-facing tools including Pension Estimator, Advantage Estimator, and Buyback Estimator for retirement planning; Member Toolkits (Onboarding, Termination, Retirement) for career transitions; and Cobrowse Service and Secure Messages for member support. The system is administered by Alberta Pensions Services Corporation (APS) with assets managed by AIMCo.

Differentiator

Problem solved

Functional benefit

Products and services

• Defined Benefit Pension Plan A defined benefit pension plan providing guaranteed lifetime retirement income to employees of Alberta municipalities, school boards, health authorities, colleges, universities, and other public sector organizations. Features predictable monthly payments, annual cost-of-living adjustments, survivor benefits, disability provisions, and early retirement options.
• Pension Profile (Member Portal) A secure online member portal allowing LAPP plan members to view their pension information, manage beneficiaries, access annual statements, submit retirement applications online, submit buyback elections, upload documents, and communicate with member services through secure messages.
• Employer Portal and Employer Hub A secure internet platform for participating Alberta public sector employers to conduct pension administration transactions, submit member data, manage contributions, process enrollments, and access toolkits, guides, and administrative tools for pension management.

Quantifiable outcome

• Cost efficiency of $183 per active member vs peer average of $243
• +4 more outcomes

Named customers15 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Alberta Pensions Services Corporation (APS)coreImplementation/ SI/ Consulting PartnerAPS serves as LAPP's designated pension benefit service provider, responsible for administering pension benefits, processing member transactions, managing member communications, and maintaining the member portal. APS collects and processes personal information under Alberta's Access to Information Act and Protection of Privacy Act.
• AIMCo (Alberta Investment Management Corporation)coreImplementation/ SI/ Consulting PartnerBy Government of Alberta legislated mandate, LAPP's assets are invested by AIMCo based on direction set by the LAPP Boards. AIMCo manages the investment of pension assets to generate returns that help fund pension obligations.
• 440+ Alberta Public Sector EmployerscoreChannel Partner/ Reseller/ DistributorParticipating employers including municipalities, school boards, health authorities, colleges, universities, and other public sector organizations across Alberta. These employers offer LAPP as an employee benefit, facilitate payroll contributions, and manage employee enrollment in the plan.
• Ministry of Service AlbertaminorImplementation/ SI/ Consulting PartnerResponsible for LAPP's automated mail distribution services. Processes and distributes member communications, annual statements, and other pension-related correspondence.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PSP Investments: Public Sector Pension Plan Investment Board managing federal public sector pensions; comparable to LAPP as a public-sector, legislated Canadian pension fund with professional asset management.
• Ontario Teachers' Pension Plan: One of Canada's largest defined benefit pension plans for Ontario's teachers, operating with a similar joint governance model, professional asset management arm, and cost-efficiency benchmarking against peers — directly comparable to LAPP in structure, scale ambition, and product offering.
• Healthcare of Ontario Pension Plan (HOOPP): A large Canadian DB pension plan for healthcare workers; comparable to LAPP in covering public-sector healthcare employees (overlap with Alberta Health Services and Covenant Health employers of LAPP), peer-benchmarked cost metrics, and similar defined benefit structure.
• CAAT Pension Plan: DB pension plan covering Ontario's colleges of applied arts and technology — directly comparable to LAPP's coverage of post-secondary institutions (NAIT, SAIT, Mount Royal University) with similar multi-employer DB structure.
• OMERS: Ontario Municipal Employees Retirement System, a multi-sector defined benefit plan covering municipal employees — directly comparable to LAPP in serving public sector workers with lifetime pensions, cost-of-living adjustments, and large AUM.
• Alberta Teachers Retirement Fund (ATRF): Defined benefit pension plan for Alberta's teachers, operating under parallel Alberta legislation; directly comparable to LAPP as a provincial public-sector pension plan in the same jurisdiction with shared regulatory environment.

Others

• Alberta Investment Management Corporation (AIMCo): LAPP's mandated asset manager; directly connected as the investment partner for LAPP's $75B+ portfolio under Alberta legislation, though AIMCo serves multiple plan clients rather than competing as a pension plan itself.

Broad incumbents

• British Columbia Investment Management Corporation (BCI): Provincial investment manager for BC's public sector pension plans; comparable to AIMCo's role for LAPP and indicative of the institutional asset management model LAPP uses.
• Caisse de dépôt et placement du Québec (CDPQ): Quebec's institutional pension fund manager; broadly comparable as a large Canadian DB pension investment manager with provincial legislative mandate similar to LAPP/AIMCo's arrangement.
• CPP Investments: Federal Canada Pension Plan investment manager; a much larger and broader Canadian pension investor that overlaps with LAPP's institutional asset management approach and Canadian DB funding model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/local-authorities-pension-plan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Local Authorities Pension Plan