After Two Years. If an employee terminates after two years of contributory service all contributions are locked-in. Voluntary contributions can be withdrawn. Locked-in funds may be: • Left in the Plan. • Transferred to another Registered Pension Plan, or a locked-in Registered Retirement Savings Plan. • Used to purchase a life annuity or Life Income Fund, if age 55 or older.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
After Two Years. If an employee terminates after two years of contributory service all contributions are locked-in. Voluntary contributions can be withdrawn. Locked-in funds may be: • Left in the Plan. • Transferred to another Registered Pension Plan, or a locked-in Registered Retirement Savings Plan. • Used to purchase a life annuity or Life Income Fund, if age 55 or older.
Appears in 1 contract
Samples: Collective Agreement
After Two Years. If an employee terminates after two years of contributory service all contributions are locked-in. Voluntary contributions can be withdrawn. Locked-in funds may be: • Left in the Plan. • Transferred to another Registered Pension Plan, or a locked-in Registered Retirement Savings Plan. • Used to purchase a life annuity or Life Income Fund, if age 55 or older.
7. RETIREMENT DATES
a) Normal
Appears in 1 contract
Samples: Collective Agreement
