On August 15, 2014 the LAPP Board provided a written submission to the Legislative Standing Committee on Alberta's Economic Future. A copy of the presentation, in response to Bill 9, is available here.
The standing committee was asked in May by the Hon. Doug Horner, President of Treasury Board and Minister of Finance to review pension reform Bills 9 & 10, which passed second reading in the legislature in April. The committee heard presentations from experts and stakeholders of four Alberta Public sector plans, including from LAPP's Board and those presentations are available on the standing committee website.
As part of its review, the standing committee also held public hearings in seven Alberta communities and the transcripts of those presentations are also available on the committee's website. In addition to the presentations and the public hearings, the committee called for written submissions from anyone interested, by August 15, 2014, and will spend the next few weeks reviewing all the feedback in preparation for reporting back to the Legislature in the fall session, as requested by the Minister.
More information on the government's proposal to reform public sector pensions can be found on the Alberta Treasury Board and Finance website, as well as more information on Bills 9 & 10.
The LAPP Board will continue to update you on any developments with respect to pension reform as they occur.
For more information or if you have any questions related to this submission please contact us at the Executive offices of LAPP
