2016 Annual Report - June 26, 2017
Pension Highlights Statements
Your Pension Highlights (formerly the member annual statement) gives you a high level look at the activity of your pension for the last year, including:
Pension Highlights are sent each year after employers submit their year-end member information. Even if you are no longer contributing, but have left funds in the Plan, this annual statement lets you make sure all of your information is correct and up-to-date.
The statements are sent in the mail, unless you have chosen to Go Green. In that case, your statement will be available on mypensionplan.ca. To Go Green and get e-mail notifications when annual statements, newsletters and other publications are available online, visit mypensionplan.ca and select “Address and Contact Information.”
Pensioner Annual Statements
Retired members will receive their Pensioner Annual Statement soon. This yearly statement gives you a high level look at your pension benefits, including:
The statements are sent by mail or electronically if you have chosen to Go Green. In that case, your statement will be available on mypensionplan.ca. To Go Green and get e-mail notifications when annual statements, newsletters and other publications are available online, visit mypensionplan.ca and select “Address and Contact Information.”
You can also go online to mypensionplan.ca to see the history of your pension, send and receive messages online through the Secure Mailbox, manage your banking and direct deposit information, and update your address and contact information.
2016 Tax Slips are coming. Update your address today!
The 2016 tax slips will be mailed out in the last two weeks of February 2017. Please go online to mypensionplan.ca to confirm that we have your correct mailing address. Don’t want to wait for the mail? You can also view and print your tax slips online at mypensionplan.ca starting on February 8, 2017.
Contribution Rate Advisory for 2017
The LAPP Board of Trustees is pleased to announce that there will be no contribution rate increase for members and employers in 2017 and none is currently proposed for 2018.
LAPP contribution Rates have remained the same since 2014, and as the funded position of the Plan continues to improve, the Board is comfortable projecting that rates should not have to increase in the next two years either.
The decision is part of the Board's unanimous approval of its 2015 Actuarial Valuation.
The Board's practice is to set rates far enough in advance to allow employers and members time to budget.