LAPP has just announced its financial position and it looks great. With more than $70 Billion of assets under management, the Plan is currently funded to 115% of liabilities. That means that there’s $1.15 for every dollar of pension benefits it owes to members. Besides being the best indicator of a stable, well run, state of the art pension plan, it means 3 other things:

1. Your premiums are dropping for 2026 from about 7 ½% to about 6 ½%. That means more take home pay for each of us.
2. The Cost of Living adjustment for pensioners will rise from 60% of CPI to 90% of CPI for 2026.
3. Benefit entitlement accrual for active members in 2027 will rise.

So, more take home pay, higher benefits for current retirees and higher benefits for future retirees. Not a bad week for Canada’s 7^th largest and strongest  Pension Plan.

In Solidarity,

Steve