History
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.
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THE ENABLING ACT WAS ENACTED IN 1949 AND OPERATIONS COMMENCED ON 1 JULY 1950.
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INITIAL BALANCE SHEET SIZE-US$300,000.00.
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LAPF HAS BEEN IN EXISTENCE FOR MORE THAN 70 YEARS.
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INITIAL MEMBERSHIP – 422.
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CURRENT ACTIVE MEMBERS AND PENSIONERS – OVER 30 000.
