61 South Paramus Road, Suite 425
Paramus, NJ 07652
phone: 201.556.4570
toll free: 800.445.2448, x4570
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LOSAP – Length of Service Award Program


National 457/LOSAP (Length of Service Award Program) Features Include:

Purpose of Plan

  • Reward the volunteer for service to the community
  • Tax Deferred Income Benefits
  • Supplemental Retirement Plan

Tax Benefits

  • Pre-tax contribution through sponsoring agency
  • Tax deferred earnings accumulate on a compound basis until withdrawn
  • Certain taxes will be due upon withdrawal
  • No affect on other Pension Benefits, Social Security or IRA contributions

Contribution Limits

  • Up to the maximum approved local limit
  • Federal maximum annual contribution - $6,000

Eligible Participants

  • Emergency services personnel who qualify under adopted LOSAP rules
  • Attaining annual active service requirements

Funds may be withdrawn (without IRS penalty), as follows:

  • Separation from Volunteer Service
  • Financial Hardship
  • Disability
  • Death

Vested funds may be transferred - to a similar plan with another LOSAP plan. Funds cannot be transferred to an IRA.

Investments offered - Variable Annuity (Multi-Fund®)*

  • Thirty-nine Investment Options and Fixed Account
  • Competitive Current Interest Rate on Fixed Account
  • Free Transfer Privileges between Investment Options
  • No Initial Sales Charge
  • Low Administrative Fees
  • Lump-Sum, Automatic Withdrawal, or Multiple Income Options Available at Separation

Consider the investment objectives, risks, charges and expenses of the variable product and its underlying investment options carefully before investing. The prospectus contains this and other information about the variable product and its underlying investment options. A prospectus is available by calling us or by visiting our web site (www.LFG.com). Read it carefully before investing or sending money.

Annuities are long-term retirement planning vehicles and can offer lifetime income and death benefits to help meet financial needs and goals. Variable annuities offer a wide variety of investment options that provide for diversification opportunities. There are many types of distribution options available to an investor when taking money from an annuity. Annuities contain mortality and expense charges, administrative charges, and surrender charges for early withdrawals, an annual contract fee, and investment management expenses. Refer to the prospectus for more information.

Taxes will be due upon distribution. The investment return and principal value of a variable annuity will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC). 61 S. Paramus Road, Suite 425 Paramus, NJ 07652

The Multi-Fund® Variable Annuity Contract is issued by The Lincoln National Life Insurance Co. on Contract 18829 and variations thereof. Not for use in New York.

For More Information Call: Bruce D. Linger, CFP, CRPC, CCFS™
LOSAP/ 457 Consultants
Registered Representatives,
Lincoln Financial Advisors Corp.
(201) 556-4570 go4answers@lfg.com


If you would like to speak with an agent about LOSAP, please Contact Us and we can help determine your needs!

2017-01  LOSAP Annual CPI Adjustment For CY 2017