THE LOCAL AUTHORITIES PENSION FUND (LAPF) WAS ESTABLISHED ON 1 JULY 1950 AS A SELF ADMINISTERED DEFINED BENEFIT SCHEME AND REGISTERED IN TERMS OF THE PENSION AND PROVIDENT FUNDS ACT CHAPTER 24.09. CURRENTLY 34 LOCAL AUTHORITIES CONTRIBUTE TO THE FUND.
LAPF HAS BEEN IN EXISTENCE FOR MORE THAN 70 YEARS.
THE ENABLING ACT WAS ENACTED IN 1949 AND OPERATIONS COMMENCED ON 1 JULY 1950.
INITIAL MEMBERSHIP – 422.
INITIAL BALANCE SHEET SIZE – US$300,000.00.
