As an Active Plan member, you are not permitted to withdraw your vested pension account until your termination or retirement from your employment.
Note: You are responsible for applying for your pension benefit. In the event of your death, your spouse or beneficiary may apply for any pension benefit entitlement you own.
You can contact our office or book an appointment with a Pension Analyst to discuss your options.
Your pension benefits are generally "locked-in" and can't be withdrawn as cash. They must provide retirement income instead. There are some exceptions for small pensions, which depend on provincial rules. For example:
If you retire early (from age 55), your monthly pension will be reduced to account for longer payouts.
