Pusser
Army.ca Veteran
- Reaction score
- 32
- Points
- 530
svejk said:With more than 2 years it has to be transfered. I do however know, that some pension plans are not transferable into others for various reasons (federal, provincial).
Not quite correct. It does not HAVE to be transferred, although that might be an option. Deferral is also an option. This is where you leave it alone and you start to draw the pension later in life (i.e. at retirement age). Keep in mind that it continues to grow as it sits there. All federal pensions are transferable to other federal pensions (CF to RCMP to Public Service or other combinations thereof); however, if you're able to start drawing an immediate annuity (i.e. after 20/25 years) you're probably better off to do that and simply start paying into the new plan.