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.
The shareholder must have received a single, time-limited offer to improve pension plan benefits if the offer was not already mentioned in the planOR
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
must show that the proceeds of the purchase will be used to acquire pension credits for years of past serviceAND
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.
The Fonds de solidarité FTQ formAND
a copy of the redemption offer for years of past serviceAND
proof of acceptance by the pension plan administratorAND
proof that all redeemable investments have been transferred in the pension plan or that they are not transferable.
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.