I received an offer to improve my retirement plan from my employer. Can I transfer my RRSP+ to improve that plan?

You can transfer your RRSP+ to your pension plan under very specific conditions.

Whether it’s to redeem pension credits for years of past service or to improve a pension plan, the offer you have received must be unique and time-limited. If the offer you received qualifies you to transfer your RRSP+, you must first liquidate any investments you hold elsewhere.

Requirements:

The shareholder must have received a single, time-limited offer to improve pension plan benefits if the offer was not already mentioned in the plan

OR

must have received a single, time-limited offer to improve pension plan benefits, in the following circumstances:

  • enrollment in a new employer plan
  • job change
  • change in employment status
AND

must show that the proceeds of the purchase will be used to acquire pension credits for years of past service

AND

must have used up all redeemable investments (including RRSPs and LIRAs) to improve pension plan benefits, the purchase of the shares being the last resort.

Documents required:

The Fonds de solidarité FTQ form

AND

a copy of the redemption offer for years of past service

AND

proof of acceptance by the pension plan administrator

AND

proof that all redeemable investments have been transferred in the pension plan or that they are not transferable.

Eligible shares:

All shares held for at least two years.

Subsequent share acquisition:

At any time.

Disbursement terms and conditions:

This criterion can only be invoked once by the shareholder. The cheque is issued to the pension fund and direct transfer to the pension plans is permitted. Total authorizations under this criterion cannot exceed 10% of the annual limit set for the Fonds de solidarité FTQ by the Québec Taxation Act.

Do you have a more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
Prospectus En ( 883 Kb )