Over your career, you might find that your schedule changes, your number of hours vary, or you may even be working a few positions at the same time. We are here to help you understand what all of that means to your LAPP pension.
If you work part‐time for a LAPP employer, you might be wondering the following:
Can I Be a Member in LAPP?
The rules for whether you can participate in LAPP are based on your regularly-scheduled hours of work.
|Hours Worked||Participation in LAPP|
|30 hours per week (1560 hours per year) or more under one employer in a continuous position||You are automatically a LAPP member.
Membership is mandatory.
|14 hours per week (728 hours per year) or more, but less than 30 hours under one employer||Membership in LAPP is set by your employer's policy.
Please ask your employer's pay & benefits representative for more information.
|Less than 14 hours per week under one employer||You are not able to be a member of LAPP.|
How is My Part-Time Pensionable Service Calculated?
Your employer's policy will decide if you can still be a member of the Plan if you switch from full-time to part-time hours. If you are allowed to keep participating in LAPP, you can read more above about how being part-time will affect your pension.
How is My Pensionable Salary Calculated if I Work Part-Time?
You can figure out your own annualized salary by dividing your annual earnings by your full-time equivalency or FTE.
For example, if you earned an average of $45,000 per year in a 0.6 position:
$45,000 (Yearly Part-Time Salary)
÷ 0.6 (FTE)
= $75,000 (Annualized Salary)
Your pension calculation will use a salary figure of $75,000, which is the same amount as a full-time worker in the same position.
I'd like more information on how my pension is calculated if I work part-time.
This period of up to one year can still be applied to your LAPP pensionable service:
If you join the Plan after this period of time, you will still have the chance to add that year to your overall service through a process called a buyback. Adding to your service this way can increase the pension you receive at retirement.