Leaving the Plan

You have options for your LAPP benefits if you stop participating in LAPP with a break in service, whether due to a career change or moving to a job that does not include LAPP membership, you have choices available for what to do with your LAPP benefits. 

These options range from leaving your benefits with the Plan to transferring to another plan, and depend on how much membership or service you have in LAPP and how old you are when you leave the Plan. Look for the description below that best describes your personal situation, and the available options will be laid out for you.

Once you qualify for a LAPP pension, it could be your biggest financial asset and your largest source of retirement income. You may want a financial advisor to help you make your decisions.

Things to consider before you leave your LAPP employer

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Leaves of Absence
If you are already making payments towards a leave of absence when you leave your LAPP employer, you will have 90 days to finish paying for the buyback. If you do not complete the payment, the amount of service attached to that leave of absence will be prorated to what you have paid for to date.

After leaving your LAPP employer, you will have 30 days to apply to purchase your leave of absence.

Prior Service Purchases
If you are considering buying prior service, such as probationary service, you must let LAPP know before you leave your job with your LAPP employer. If you are already making payments towards buying prior service, you will have 90 days to finish paying for that buyback.