Local Authorities Pension Plan Policy – October 29, 2012
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LOCAL AUTHORITIES PENSION
PLAN (LAPP) POLICY
Policy Type:
Management
Initially
Approved:
May 18, 2004
Policy
Sponsor:
Vice-President,
Finance and
Administration
Last
Revised:
October 29,
2012
Primary
Contact:
AVP, Human
Resources
Review
Scheduled:
May 2025
Approver:
Board of Governors
A.
SCOPE
1. Permanent (including continuing term) employees working 30 hours per week or more must
participate in the LAPP. Permanent (including continuing term) employees working 14 to 29
hours per week may participate in the LAPP at their option.
2. Limited term, conditionally funded and replacement term employees working 30 hours per
week or more may participate in the LAPP at their option.
3. Employees working less than 14 hours per week are not eligible to participate in the LAPP.
4. Once an employee opts to join the LAPP, they must continue to participate until employment
ends or until the employee becomes ineligible to participate for any reason.
5. In circumstances where an employee initially opts out of participation in the plan or is
ineligible to participate and subsequently becomes a member of the LAPP, there may be an
option to purchase previous pensionable service. For further information, see the LAPP
policies and procedures or the LAPP Member Handbook for full details.
B.
POLICY STATEMENT
1.
GENERAL
The Board of Governors shall administer retirement benefits subject to the terms and
conditions of the LAPP.
2.
ELIGIBLE EARNINGS FOR PENSION CONTRIBUTIONS
2.1
The LAPP establishes guidelines for remuneration on which contributions must
be made for pension purposes.
2.2
Pension contributions must be made on:
a.
Gross basic pay for regular duties.
b.
Lump sum settlements negotiated by a union (association).
