- Jul 18, 2014
Investment Facts: Locked-in Accounts (LIRA, LIF)
Investor Education Series Part 1 During the mid-1980’s there was considerable reform occurring within the Pension Benefit Act (PBA). In particular, areas of transfer-ability options and commuted values paved the way for the transfer of pension savings to locked-in accounts in Ontario. Effective January 1, 1988 if an employee terminates their employment or elects not to be a member of their pension plan; those entitled to a deferred pension plan can require the administrator
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