Transfers from the Plan. Subject to any restrictions imposed by the Act, the property of the Plan may be transferred to the issuer of an RPP, LIRA, LIF established under Schedule 1.1, or life annuity. Before transferring property of the Plan, the Trustee will:
Transfers from the Plan. The Planholder may at any time give the Trustee instructions, together with all information necessary for the continuance of the Fund, to transfer all or part of the Fund to another carrier of a registered retirement income fund of the Planholder, provided that the Trustee shall retain an amount equal to the lesser of:
Transfers from the Plan. The Plan will 403(b) plan, if requested by a former Participant. or will not permit Transfers from the Plan to another employer’s X
Transfers from the Plan. Subject to any restrictions imposed by the Act, the property of the Plan may be transferred to the issuer of an RPP, LIRA, life annuity, a locked-in account of a voluntary retirement savings plan (if the plan is governed by a legislative authority other than the Quebec Parliament, the member must have joined the plan as part of their employment) or a LIF. Before transferring property of the Plan, the Trustee will:
Transfers from the Plan. Subject to any restrictions imposed by the Income Tax Act, the property of the Plan may be transferred to the issuer of an RPP, LIRA, LIF, or life annuity. Where the Plan holds identifiable and transferable securities, the transfer or purchase may, unless otherwise stipulated, at the option of the Trustee and with the consent of the Annuitant, be effected by remittance of the investment securities of the Plan. Before transferring property of the Plan, the Trustee will:
Transfers from the Plan. The Plan [ ] shall [X] shall not allow Transfers from the Plan into another employer’s 403(b) plan, if requested by a former Participant. NOTE: A Transfer occurs when a Participant moves his or her account with a Vendor from one plan to another. In this event, the Participant’s account does not change; the account simply moves from one plan to another. This is NOT the same as a rollover. A rollover occurs when a Participant has the right under his or her plan rules and federal tax law to move the funds in the account from one plan to another, and the funds remain tax-deferred. Rollovers of tax-deferred funds other than Xxxx 403(b) accounts are permitted under the Plan. There is no election option in the Written Plan to prohibit tax- deferred rollovers, other than Xxxx 403(b) accounts.
