As of July 1, terminated members may withdraw the commuted value of their pension up to the age of 55. After the member turns 55, the funds will be held in the Plan until their retirement.
Some members may notice a slight reduction in their pension payments. This change is due to recent adjustments in federal and provincial tax rates. Click here to read the full article.
As of July 1, terminated members may withdraw the commuted value of their pension up to the age of 55. After the member turns 55, the funds will be held in the Plan until their retirement.