LIRAs and LIFs

Locked-in retirement accounts (LIRAs) and life income funds (LIFs) are transfer instruments used to transfer amounts that have been accumulated in supplemental pension plans (also called pension funds or pension plans).

The LIRA is a retirement savings instrument while the LIF is a vehicle used to draw a retirement income (withdrawal).

LIRAs and LIFs governed by the Supplemental Pension Plans Act are under the supervision of the Régie des rentes du Québec.

For more information about LIRAs and LIFs:

• Characteristics of a LIRA
• Characteristics of a LIF
• Refunds from a LIRA or LIF
• Financial institutions offering LIRAs or LIFs
• LIRA and LIF schedules

Other useful links...