They base it on the fact that licensed psychologists should be licensed at the doctoral level and not at the masters level. This license has been in existence since aroung the early 1992-1994 +/-and now those of us that have completed our Masters and have taked and PASSED the EPPP and Ethics exam which is the same exam doctoral psychologists take will no longer have a license as of Dec 2011. We have option of converting to an LP but of course the required practicum hours and educational hours are slightly higher that you were required to do in the Masters program and still have to have the 2 years supervised employment. I received my license in 2002 and worker for 5 years in CD/Mental health residential center for adolescents but currently am not working as a psychologist and given the economy can not afford to go to school or work for free in a practicum and the time is running out. It is really hard to swallow the fact that you put some much time, effort,  money, dedication and yourself into obtaining a license at a masters level and for what - to couple years later have the board decide that they no longer like the idea of the LPP licensure that they implemented less than 10 years prior and decide to terminate the license period. You can convert but will take action on your part to get the conversion there is no grandfathering or ability to continue the license and just not grant anymore.