LAPP vesting rules are changing. Effective January 1, 2022, active members who have less than two years of membership or pensionable service will become immediately vested in LAPP. Anyone who joins the plan on or after January 1, 2022, will be immediately vested. Immediate vesting means that you qualify for a secure, reliable monthly pension at retirement as soon as you join LAPP. Read more about immediate vesting.

On or After Your 65th Birthday

If you stop contributing to LAPP on or after your 65th birthday, you are entitled to an unreduced pension.

However, if you think you may seek employment again before or when you are 71 years old, consider:

If you leave your money in the Plan, you become what is called a deferred member. If, after deferring, you take another eligible position with a LAPP employer, you will add new pensionable service to what you have already earned and will increase the lifetime pension you will receive. Please note that while you are active in LAPP, you are not eligible to start to receive a LAPP benefit.

Just remember: you must start your pension by the end of the year in which you turn 71 years old.