I’m reducing my work hours to take phased retirement. Can I redeem part of my RRSP+?

Yes. If you are at least 50 years of age and have signed an agreement with your employer, it’s possible to redeem part of your RRSP+.

According to the redemption criteria for retirement, from the time you are 50 years of age or more and you’ve signed a phased retirement, work-hour reduction agreement, you can submit a redemption request for the shares you hold.


The shareholder must be at least 50 years of age, have contributed to the Québec Pension Plan for at least one year and signed an agreement with their employer providing for a 20% reduction in regular work time until retirement.

Documents required:

The Fonds de solidarité FTQ form


a copy of the agreement with the employer specifying:

  • the date phased retirement begins;
  • at least a 20% reduction in regular work time along with confirmation of income before and after phased retirement;
  • the scheduled retirement date.

Eligible shares:

All Shares held for at least 730 days.

Shares purchased after the beginning of the phased retirement agreement cannot be redeemed under this criterion.

Disbursement equivalent to the lesser of the declared salary loss for the year or the account balance, divided by the number of years left before full retirement, as established at the first time of the first redemption request.

Each year, the shareholder must submit a redemption request and must once again prove that he or she is still in the process of taking phased retirement. A minimum interval of one year will be required between each disbursement.

The FlexiFonds offering is the logical extension of your Fonds experience


It's possible to stay invested in the Fonds family with the FlexiFonds offering. It offers Fonds savers a variety of savings vehicles and products tailored to various investor profiles and savings goals.

Learn more about the FlexiFonds offering

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Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.