The Board of Pension Trustees, in close collaboration with their professional consultants, is responsible for determining the investment direction of the Plan assets. The Board conducts regular reviews of the investments, ensuring all decisions align with the regulations overseen by the Financial Services Regulatory Authority (FRSA) of Ontario and the Canada Revenue Agency (CRA). As part of the Plan’s governance, the Board of Trustees has established a Statement of Investment Policies and Procedures (SIP&P), which outlines the policies and procedures for the Plan’s investment portfolio. The SIP&P is available for review, on request.
Your pension benefits are generally "locked-in" and can't be withdrawn as cash.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:
As an Active Plan member, you are not permitted to withdraw your vested pension account until your termination or retirement from your employment.
