Disability, your locked-in retirement account and your life income fund

If you are disabled, you are entitled to a refund of you locked-in retirement account (LIRA). You can obtain the refund in one payment or several payments.

You can also transfer your LIRA to a registered retirement savings plan (RRSP).

Your life income fund (LIF) does not have any provisions that apply in the event of disability. However, an LIRA does. You can benefit from them if you transfer your LIF to an LIRA before the end of the year you reach age 71.