Check your annual pension statement

United Nurses of Alberta members contributing to the Local Authorities Pension Plan are encouraged to check the accuracy of their pension contribution annual statements.

The employer reports pensionable salary and pensionable service information to the LAPP and will mail the employees an annual statement in April. This statement reports the total amount of pensionable service remitted to LAPP by the employer in the previous year.

A full-time employee should earn 1.000 years of pensionable service in one calendar year.  If the statement reports less, it is important that the amount be reconciled. If the statement shows a full-time employee with only 0.9960, it means that there is one workday of pensionable service missing.  Each day missed is an average of .004 of a full year of service.  UNA has noted that for some full-time employees, statutory holidays have been miscoded as a payout rather than time in lieu. This coding error has reduced their pensionable service to below 1.000.

A part-time employee’s pensionable service should equal the amount of time paid at straight time including work days, sick days, vacation days, days off in lieu of overtime, and professional development days.  For example, an employee working 0.5 FTE who regularly works one additional shift per week, for a total 0.7 FTE, should receive a statement showing .7000 of a year of pensionable earnings.

Please review your annual statements for accuracy. Adjustments are much easier to make now then when you are ready to retire.

If you have any questions or concerns, please contact your UNA local executive or Labour Relations Officer at 1-800-252-9394.