If you stop participating in LAPP, 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.
What you choose will depend on a number of factors, such as your age, career plans, financial situation, retirement goals, whether you have a break in service and if you are currently making pension contributions to LAPP. Your choices will range from leaving your money in the plan, transferring to another pension plan, or, if you are age 55 or over, starting your retirement. As a LAPP member, your LAPP pension could be your biggest financial asset and your largest source of retirement income. You may want an independent financial advisor to help you make your decisions.
Explore the Member Termination Toolkit resources to help you understand your next steps.
Things to consider before you leave your LAPP employer
Leaves of Absence
Prior Service Purchases
Look for the description below that best describes your personal situation, and the available options will be laid out for you.