There are many great things about your LAPP pension:
Being vested in LAPP means you qualify for a secure, reliable monthly pension at retirement, paid for as long as you live. On or after January 1, 2022, active members of LAPP will be immediately vested. Immediate vesting is now the legislated minimum standard set out in the Employment Pension Plans Act (EPPA) of Alberta, under which LAPP is registered. The change aligns LAPP’s vesting provisions with the standard across Canada, and many plans across the country have been moving to reduce or eliminate vesting periods for members.
These are some of the things that make your LAPP pension one of the most important and trusted financial assets you'll ever own. We believe so strongly in the value of a LAPP pension that we've dedicated a whole section of the website to it: Your Plan has Value.