With 291,259 members and $58.7 billion in assets (2022), LAPP is a multi-employer jointly sponsored[3] defined benefit pension plan.

LAPP Corporation is the legal Trustee and Administrator of the Plan, and supported by the over 400 employees of its pension benefits services provider Alberta Pensions Services Corporation (APS) and the over 600 employees of its investment management services provider Alberta Investment Management Corporation (AIMCo).

Originally established in 1962 for the employees of local authorities, LAPP now includes 437 employers (2022) from the healthcare sectors, cities, towns, villages, summer villages, municipal districts, colleges, school boards, non-profits/not-for-profits, charities, other public sector entities, and for-profit corporations.

LAPP Corporation is overseen by a 12-director Board of Directors, nominated by employer and employee groups.

This Corporate Board and LAPP Corporation are responsible for the administration of the pension benefits and to ensure that retirement income is paid to members, which is done by providing strategic guidance for the Plan, managing risk, and ensuring the long-term sustainability of LAPP.