UNA Local 301

The Local Authorities Pension Plan, which provides retirement savings for a majority of UNA members, has three options for the purchase of pensionable coverage for time missed while on a leave of absence or when the member was eligible to participate in LAPP but for any reason didn’t enroll.

The kinds of leaves that are eligible for pension buy-backs include include unpaid sick leave, education leave, maternity leave and time on spent on Short-Term or Long-Term Disability.

This is important because of the great value of having more years of pensionable service, something many members do not realize until it is too late. Many members deeply regret not realizing there is limited time available to buy back time missed at a preferential rate.

To avoid the disappointment of realizing too late that you could have had more generous retirement benefits, UNA’s pension advisors prepared this guide to purchasing pensionable service and the time limits for doing so.

Options for purchase of pensionable service
LAPP has three types of past service purchase options, commonly known as buy backs

For more information, go to: https://www.una.ca/1783/una-members-should-be-aware-of-time-limits-on-lapp-pension-buybacks

Or contact Carolyn Olson at [email protected] or, Richard West at [email protected] for greater detail or clarification.

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