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Defined Contribution LOSAP

A defined contribution LOSAP permits the sponsoring organization to establish a predefined contribution that it will make each year to the volunteer’s LOSAP account. The funds in the volunteer’s account grow until retirement age when the account is paid to the volunteer in a lump sum.

The Benefits

Defined contribution LOSAP typically provides three benefits:

  • Pre-retirement death benefit.
  • Pre-retirement disability benefit.
  • Lump Sum Benefit payable at retirement.

The Advantages:
  • Guarantee of principal.
  • Minimum 3 percent interest guarantee.
  • Benefit distributions at book value.
  • Higher than guaranteed rates if earned.

The Investment:
  • On average, an annual contribution of $500 per active volunteer provides an attractive program.
  • Many departments incorporate LOSAP into their Safer Grant proposal.

Learn More

For more information, please contact Glatfelter Specialty Benefits at or by calling 800.233.1957.