Plan Rule Amendments

Upcoming Changes
The following plan rule amendments have been approved by the LAPP Sponsor Board. For more information on the plan rule amendment process, please visit the Plan Rule Amendment Process page.

Plan Rule Amendment Details Effective Date Date of Posting
Removal of Coordination Coordination will no longer be available to members who start their pension on or after January 1, 2021. January 1, 2021 October 22, 2020
Maximum Employee Cost There is no longer a 50% funding cap on member contributions. A member can now fund up to 100% of their benefit. This change is a result of government passing Bill 22.  January 1, 2022 December 15, 2020
Contribution Interest Rate

The interest rate on contributions is changing, and will be as follows:
2021: 0.9%
2022: 4.4%

January 1, 2022 December 15, 2020
Immediate Vesting All members will be immediately vested in the Plan. A vested member is eligible for a lifetime LAPP pension at retirement. January 1, 2022 or the first payroll period encompassing that date. December 15, 2020

Next Page in this Section Plan Rule Amendment Process