R-17.0.1 - Voluntary Retirement Savings Plans Act

Section 67 Disposition versions

2014-07-01

67. When employment of a member is terminated, when the member reaches the age of 55, when the member’s employer establishes a pension plan or an account referred to in the third paragraph of section 45, or in the cases referred to in section 68, all or part of the member’s locked-in account may be transferred to a pension plan determined by regulation and chosen by the member.

The plan administrator must make the transfer within 60 days after the member’s request.

In the case of a member for whom no employer has subscribed to a plan, the locked-in account may at any time be transferred to a pension plan determined by regulation.

2013, c. 26, s. 67.