What can I do with my pension plan if I leave my employer?

Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments, has the answer.

Jamie Golombek 17 April, 2003 | 1:00PM
Dear Expert:

I have 14 years of service with a Crown Corporation, and am 52 years of age. I am thinking of leaving within the next year or so. I am a member of the corporation's defined benefit pension plan. The corporation is being privatized and the pension plan might be changed drastically; for example, there may be a loss of superannuation. What are my best options for my savings within this plan? If I do transfer out my money, what qualifies as a "locked-in RRSP" and where is the best place to invest in one?

Expert Answer:

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Jamie Golombek

Jamie Golombek  

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