LAPP has transfer agreements with a number of other public sector pension plans in Canada. This means we may be able to send the money you have in LAPP directly to your new employer's pension plan so you can buy more pensionable service there.
Every pension plan has its own pension benefit formula. Your new plan will calculate the cost of buying your LAPP service based on this.
If this is something you may wish to do, contact us or your new employer's Human Resources Payroll & Benefits area immediately to ask about the transfer process.
You are not able to transfer your service out of LAPP if you are able to receive an unreduced pension.
In other words, if you are:
Timelines vary between agreements. You should check on your eligibility to transfer as soon as possible so you don't miss a deadline.
Eligible Pension Plans
Under the National Transfer Agreement (Pension Plans of Other Provinces Listed Below)
The National Transfer Agreement covers the following pension plans:
Under the Federal Transfer Agreement
The Federal Transfer Agreement covers: