There are many great things about your LAPP pension:
- It is paid for your lifetime.
- The pension formula provides a specified income regardless of market conditions or how long you live.
- The longer you work, the more your pension grows.
- It can provide a lifetime income for a spouse or partner if you pass away.
- It is adjusted for inflation annually.
- Your contributions are tax deductible.
- Pension funds are professionally managed, so you have no need to make difficult investment decisions.
- You can add to your service with transfers from other pension plans and buying back periods of leave.
- It can be transferred to many other Canadian pension plans.
These are some of the things that make your LAPP pension one of the most important and trusted financial assets you will ever own. We believe so strongly in the value of a LAPP pension that we have dedicated a whole section of the website to it: Your Plan has Value.