|
|
|
|
|
|
Application for Transfer of Funds Form |
|
|
|
|
|
Use
Use the Application for Transfer of Funds form if you have terminated from the Pension Plan and
want to withdraw your Pension funds from the Plan.
|
|
|
|
|
|
Information Needed to Complete the Form
The Member's and spouse's personal information is needed to complete the form.
In addition, you must select how you wish to receive your Pension funds that are to be paid out.
Your local union must complete its section of the form before you send it to the
Plan Administrator.
Please follow the instructions on the form.
|
|
|
|
|
|
Notes
You can only withdraw your Pension funds if you are 'eligible'.
To be 'eligible' for withdrawal, the Member must either:
a) be fully vested and have less than 200 hrs in each of
the last 2 consecutive plan years; or,
b) be fully vested and worked less than 350 hours in the
last 2 consecutive plan years.
All funds must be transferred on a locked-in basis.
There may be an exception if your pension meets the
requirements of the Small Pension Rule as set out in the plan
text. Please contact the Plan Administrator
for further information.
Locked-in funds must be transferred to a ‘locked-in RRSP’.
If you are transferring 'locked-in' funds, you need to
complete the Royal
Trust Locked-in Funds Form.
If you are Terminated and
have attained age 55, the option of a lump sum transfer is
no longer available to you.
Questions on completing the form should be directed to the Plan
Administrator.
Completed forms should be forwarded to the Plan
Administrator.
|
|
|
|
|
|
Plan Administrator
Ironworkers Local 97 Plan Administrator
c/o D.A. Townley & Associates Ltd.
101 – 4190 Lougheed Highway
Burnaby, BC V5C 6A8
Phone: 604-299-7482 or 1-800-663-1356
Fax: 604-299-8136
Email: Pension
|
|
|
|
|
|
|
