D.A. Townley & Associates Ltd.  -  Plan Administrators Quality Control Council of Canada  Non Destructive Testing Management Association 
 

pension
plan

        
 
 
 
 
 
 
 
 
 
     
   
 
 
 
 
 

Application for Withdrawal of Pension Contributions Form

Use
Use the Application for Withdrawal of Pension Contributions form if you have terminated from the Pension Plan and want to withdraw your pension funds from the Plan.

Select the appropriate form on the right side, based on the Member's province of residence.

You must also compete the Declaration of Applicant on Removal of Funds form.


Information Needed to Complete the Form
The Member's personal information is needed to complete the form. In addition, you must select how you wish to receive your pension funds that are to be paid out.

Your local union must complete its section of the form before you send it to the Plan Administrator.

Please follow the instructions on the form.



Notes
You can only withdraw your pension funds if you are 'eligible'.

To be 'eligible' for withdrawal, the Member must either:

a) be fully vested and have terminated Union membership for 18 months; or,

b) be fully vested and worked less than 350 hours in the last 2 consecutive Plan years.

If your Pension contributions are 'locked-in', you must complete the Royal Trust Locked-in Funds Form in addition to this form. If your Pension contributions are not 'locked-in', you must complete the Direct Transfer of a Single Amount (T2151) in addition to this form. The Plan Administrator can tell you if your contributions are 'locked-in' or not.

Alberta Members Only:
Alberta Members now have an option to unlock up to 50% of their locked-in pension contributions after leaving an eligible pension plan. To qualify, the Member must be at least 50 years of age and have written consent from his or her pension partner. The unlocking option is exercised when funds from a locked-in retirement account (LIRA) or eligible pension plan are transferred to a life annuity, life income fund (LIF) or defined contribution retirement income account (DC-RIA).

Holders of an existing LIF or locked-in retirement income fund (LRIF) also have the option of unlocking 50% or the fund's value, but must make their decisions by December 31, 2007. After that date, unlocking can only be done when a person is opening a new LIF, life annuity or DC-RIA.

Questions on completing the form should be directed to the Plan Administrator.

Completed forms should be forwarded to the Plan Administrator.


 

Form Link
Withdrawal of Pension Contributions
- British Columbia
- Alberta
- Saskatchewan
- Manitoba
- Ontario
- Quebec
- New Brunswick
- Nova Scotia
- PEI
- Newfoundland
 

Related Links
Declaration of Applicant on Removal of Funds Form
Royal Trust Locked-in Funds Form
Direct Transfer of a Single Amount (T2151)
Termination Information
© 2000-2008 D.A. Townley & Associates Ltd. All rights reserved.