Local Authorities Pension Plan Procedures – October 29, 2012
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LOCAL AUTHORITIES PENSION PLAN (LAPP)
PROCEDURES
Procedure
Type:
Management
Initially
Approved:
May 18, 2004
Procedure
Sponsor:
VP, Finance &
Administration
Last
Revised:
October 29,
2012
Administrative
Responsibility:
AVP, Human
Resources
Review
Scheduled:
May 2025
Approver:
Executive Leadership Team
A.
PROCEDURES
•
Contributions to the plan are made by both the employee and the employer.
•
Where participation in the Plan is mandatory on the date of hire, payment of contributions will
begin on that date.
•
Where participation in the Plan becomes mandatory after the date of hire (for example, when
an employee moves from a position under 30 hours per week to one over 30 hours per week),
contributions will commence on the date the employment status changes.
•
In accordance with the LAPP Regulations, employees may purchase pension service after
periods of leave without pay, to a maximum of 36 months of leave. The University is required
to pay the employer portion on certain prior service buybacks. (See the LAPP policies and
procedures or the LAPP Employee Handbook for full details).
•
Where an employee who is participating in the Plan becomes unable to work and is receiving
Long-Term Disability benefits, Mount Royal will pay the employer’s portion of the LAPP
contributions during the period of Long-Term Disability.
B.
DEFINITIONS
(1)
Plan:
means the Local Authorities Pension Plan
(2)
University:
means Mount Royal University
C.
RELATED POLICIES
•
Local Authorities Pension Plan Policy
D.
RELATED LEGISLATION
•
Alberta Public Sector Pensions Plan Act
