Section #
Effective date
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Policy Purpose

This policy establishes:

  1. the minimum amount under subsections 38(5) and 42(9), above which a lump sum may be converted to an annuity;
  2. the minimum amount under subsection 42(7), below which an accumulated retirement benefit will be paid as a lump sum;
  3. the interest rate at which retirement annuity contributions will earn interest;
  4. the method of annually reporting the accumulated value of a retirement annuity;
  5. the minimum amount required to be eligible for independent financial advice under subsection 36(3);
  6. the maximum fee payable for financial advice under subsection 36(3); and
  7. criteria for selecting persons who may provide independent financial advice.


Attachment Size
44.100.20 Annuities 160.71 KB