You may retire at any time following your 50th birthday. Upon retirement, you will receive a pension (lifetime income) based on your Total Account Balance, accrued with investment gains/losses to your retirement date. The pension can be provided through the purchase of a Life Annuity, a Life Income Fund (LIF), or a combination of these options.
Upon leaving your employment, you are not required to begin a pension. You may defer the commencement of your pension to a later date (no later than the end of the year in which you turn age 71).
If you would like more information about retirement or planning to retire in the next few years, please refer to the website or contact the Pension Plan administrator.
If you choose to retire early (as early as age 50), you will generally have the same retirement income product choices as those at age 65...
Upon your death, your Spouse/Common-Law Partner or your designated beneficiary(ies) would be entitled to your Total Account Value...
