According to the redemption criteria for retirement, from the time you receive a retirement pension, whether it’s from the QPP or an equivalent plan, you can submit a redemption request for the shares you hold.
Requirements:
The shareholder must be at least 60 years of age and receive or be set to receive a pension from the Québec Pension Plan or equivalent plan within three months of the request.
Document required:
The Fonds de solidarité FTQ form
AND
a copy of proof of payment of pension benefits under the Québec Pension Plan or an equivalent plan such as:
- notice of acceptance;
- pension cheque;
- confirmation that the pension has been changed;
- Relevé 2 or T4A slip.
Eligible shares:
Except for the exception mentioned below, the minimum holding period of 730 days, provided in the Act, for the application of redemption criteria relating to retirement, phased retirement and shareholders who have reached 65 years of age Fonds de solidarité FTQ share redemptions will be gradually extended as follows:
Date of redemption | Before June 1, 2027 | Between June 1, 2027, and May 31, 2029 | Between June 1, 2029, and May 31, 2031 | After May 31, 2031 |
---|---|---|---|---|
Minimum holding period | 2 years | 3 years | 4 years | 5 years |
Exception : Shareholders who are or will turn, during a year, 71 years of age may redeem their Shares without a minimum holding period.