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Retirement
Financial planning for retirement
Sources of income at retirement
Phased retirement
A retirement pension under the Québec Pension Plan
Income from a supplemental pension plan
Income from an LIRA or LIF
Retiring as a couple
Your situation changes
Moving
Breakdown of a union
Disability
Going back to work
Death
You return to work
Québec Pension Plan
If you
go back to work
, you will continue to receive your retirement pension under the Plan.
You may
cancel your Application for a Retirement Pension
in the 6 months after the first pension payment.
Supplemental pension plans
If you return to work, you will continue to receive your retirement pension under your plan and the amount of it will not be reduced.
However, if you return to work for an employer who is party to the
defined benefit plan
that pays your pension, you can, in some cases, apply for a
suspension of payment of your pension
.
If you are receiving a pension under a
defined contribution plan
, you cannot once again become a member of that plan.
LIRAs or LIFs
Your return to work has no effect on your LIRA .
You can continue to receive an income from your LIF.
If you are under age 54 and you are receiving a temporary income from your LIF, you may no longer be eligible to receive it.
If you no longer want to receive an income from your LIF, you can transfer it to an LIRA until the end of the year in which you reach age 71, if the investments have come to maturity.
Practical corner
For more information about the Québec Pension Plan
Understanding Your Pension Plan
Are you familiar with LIRAs and LIFs
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