LAPP pension rate to fall

HSAA members with the Local Authorities Pension Plan (LAPP) will have a little more money on hand come 2022. LAPP’s Sponsor Board voted unanimously to lower the contribution rate for both the employer and members. 

Board member and HSAA President, Mike Parker explained the decision by saying, “The Pension is healthy and in good hands under joint governance. We must stay vigilant to ensure it remains that way.” This 1% savings starts January 1, 2022. For a member making $70,000/yr that works out to savings of $677.00. 

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