An important way Your Plan Has Value is that it takes a lot of the guesswork away when it comes to planning ahead for your retirement.
Even if you're just starting your career with a LAPP employer, you can estimate the number of years you plan to work as well as the average highest salary you think you'll earn, and then be able to calculate the monthly pension you will receive when you retire.
The pension estimators on this website will help you calculate these estimates in no time. The value of being able to predict your income from LAPP is that you can start planning your retirement today.
Depending on how long you've been contributing to your pension and how soon you expect to retire, your LAPP pension and government pension benefits may be all you need during retirement. But if you start with LAPP later in your career, or you plan on an expensive retirement full of travel and luxury living, you will probably need to have other retirement savings income.
Whatever your situation, the good news is that your LAPP pension will always be a predictable base upon which to build. It’s important to know what kind of retirement lifestyle you want so you can estimate how much more you'll need to make all your retirement dreams come true.