LAPP’s 97 per cent funding level repudiates Tory fearmongering about impending financial collapse
Edmonton – Alberta’s Local Authorities Pension Plan has hit 97 per cent funding just two years after Conservatives tried to gut it over fears that the plan was unsustainable.
Earlier today, Alberta’s largest pension plan – the Local Authorities Pension Plan (LAPP), which provides pension coverage to almost 250,000 working and retired Albertans – released figures showing that it is now close to being fully funded.