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Termination of Employment
1. What happens to my pension if I stop working for a
contributing employer?
You have a choice. You may (a) leave your contributions in
the Plan and receive a pension or transfer at any time prior
to the end of the calendar year in which you turn 69 (a
"deferred pension"), or (b) transfer the accumulated
value of your contributions to a locked-in RRSP or, under
certain statutory conditions, to another pension plan or to
purchase a deferred life annuity or a LIF or LRIF.
2. How long do I have to wait to access my pension?
You will be automatically deemed to be terminated from the
Plan when you have worked less than 350 hours in two Plan
years.
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