Key Plan Benefits
A Guide for New Members

Key Plan Benefits

The Plan provides you with a number of key financial benefits related to your retirement.

Here’s a quick overview:

Retirement Income – payable for your lifetime

The Plan pays you a monthly pension for your lifetime – no matter how long you might live. This means, you never run the risk of outliving your pension savings. With life expectancies in Canada steadily increasing and many people living into their 90s and beyond, the financial peace of mind that comes from a lifetime retirement income is more important than ever.

Retirement Options

The Plan recognizes that many participants want to retire before the normal retirement age of 65 and offers pension options that accommodate many different retirement ages.

You may retire any time after age 55. The Plan offers reduced and unreduced early retirement pensions depending on your age and credited service. Login to AccessLPF to read more on the Publications Page.  

Disability Benefits

You may be eligible for a disability pension from the Plan if you have been approved for a disability pension from the Canada Pension Plan (CPP) or the Quebec Pension Plan (QPP) while you were a member of the plan. For more information, visit the Disability page.