LAPP
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LAPP - LAPP Contributions - Pension
The LAPP Board determines how much an employee and employer should contribute each year. Please visit our SAITNOW page for more information.
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LAPP - Opting Out of LAPP - Pension
No — pension plan membership is a condition of employment from the first day of employment for permanent salaried employees and temporary salaried employees in AUPE, APT, Management and SAFA employee groups. Membership is not optional. There are exceptions — if you meet any of these criteria, you would not be eligible to participate in LAPP: employees who work less than 14 hours a week are not eligible to participate in LAPP have already reached the maximum of 35 years of pensionable service with LAPP are already receiving a pension from LAPP are age 71 or older casual employees are excluded for participating in the LAPP. However, a casual employee who moves to a permanent position at SAIT has the opportunity to buy-back the hours/service of the time they were a casual employee. For more information on LAPP, please visit SAITNOW.
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LAPP - Transferring My Previous Pension to LAPP - Pension
LAPP has transfer agreements with most public sector pension plans in Canada. To see if your former pension is eligible, contact LAPP Member Services at 1.877.649.5277. For more information, please visit SAITNOW.
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LAPP - Estimate My Future Pension with LAPP - Pension
Get personalized and more accurate calculations by registering with mypensionplan and accessing your own records directly. For more information, please visit SAITNOW.
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LAPP - Update Information with LAPP - Pension
To change your name, address, phone number or beneficiary information, log in to the mypensionplan portal. For changes to marital status, contact LAPP directly at 1.877.649.5277. For more information on LAPP, please visit SAITNOW.
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LAPP - I took a leave of absence. How does this affect my LAPP pension? - Pension
If you take a leave without salary you may add that period of time back to your pensionable service to increase your future pension. For more information please visit LAPP and SAITNOW.
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LAPP - LAPP Pension Buyback - Pension
Thank you for reaching out to us. Please visit our SAITNOW page for details on the pension buyback process. If you have further specific questions, please email Employee Questions
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LAPP - What is my Pension Adjustment? - Pension
As a member of a Registered Pension Plan, the benefits you earn under LAPP/DCPP are subject to the Income Tax Act. For every year that you are active in LAPP/DCPP, your employer will report a Pension Adjustment (PA) which represents the value allocated by the Canada Revenue Agency (CRA) to the increase in your LAPP/DCPP benefit entitlement and will reduce your Registered Retirements Savings Plan (RRSP) contribution room. When the Canada Revenue Agency (CRA) reviews your tax return, they will consider this PA in determining the amount of RRSP contribution room that will be available to you for the following year. This information is available on your most recent T4 slip. Please visit the CRA website for additional information.
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LAPP - 10 Digit Member ID - Pension
As your 10 digit ID for LAPP is assigned by LAPP, we do not have any record of it. You can find this number on any of the statements that you have previously received in the mail from LAPP or you can contact LAPP directly at 1.877.649.5277. They will ask you some identifying questions and then will provide it to you over the phone. Please see our SAITNOW page for more information about your Pension.
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LAPP - For All Salaried Employees - Pension
Thank you for your email. Prior to January 1, 2022, SAIT used to offer temporary salaried employees the option to participate in LAPP, the DCPP or no pension at all. At that time, LAPP had a two-year vesting period, and so the options were allowed as the employee would likely not be able to meet the two year period while on a short term temporary contract. However, on January 1, 2022, LAPP removed the two year vesting period - meaning members were now able to earn a pension benefit from day 1 of participation. In light of that, LAPP membership is mandatory for all salaried positions at SAIT. We believe this is a valuable benefit - you are receiving matching contributions (plus 1%) from SAIT too. You can more information on the LAPP website here: LAPP.