Locked-in retirement accounts (LIRAs) and
life income funds (LIFs) are transfer instruments used to transfer amounts that have accrued in supplemental pension plans (also called pension funds or pension plans) subject to the Supplemental Pension Plans Act or other Québec legislation such as
RREGOP, or voluntary retirement savings plan (VRSP) locked-in accounts.
LIRA is a retirement savings vehicule (accumulation), while an
LIF is used to draw a retirement income (withdrawal).
LIFs governed by the Supplemental Pension Plans Act are under the supervision of
For more information about
LIRAs and LIFs:
Other useful information