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Now for your daily pension update. Quote from the most recent LAPP annual report:
"On March 1, 2019, the LAPP Corporation will be
established as trustee and administrator of the Plan
and will be the foundation of a new governance
structure" #handsoffmypension
"On March 1, 2019, the LAPP Corporation will be
established as trustee and administrator of the Plan
and will be the foundation of a new governance
structure" #handsoffmypension
They were about to attain the same joint governance that ATRF already had and has had for years! Another quote: "The Plan will be officially recognized as a jointly-sponsored pension plan (JSPP) with full authority to make all decisions concerning LAPP." #ABbudget
Why would LAPP be celebrating this as a victory? The answer is also in the annual report... "It is an important milestone for LAPP because it means that members are no longer subjected to the political risk and volatility that comes with party platforms and election promises."
