Attention Variable Pension Benefit Members: Important Year-end Payment Information

As 2024 comes to a close there are timelines you need to be aware of for submitting lump-sum payment requests to ensure your payment is processed within the 2024 tax reporting period.

Variable Pension Benefit Payment Processing Information

Lump-sum withdrawal requests

Lump sum withdrawal requests from VPB must be submitted online before Monday, December 30th at 2:00 pm to be included in 2024 tax year reporting. Member Login

Email/mail requests for lump sum withdrawals must be received by Friday, December 20th to ensure 2024 tax year reporting. Lump Sum Payment Request for Variable Pension Benefit form

The ability to request lump sum withdrawals online will unavailable from midnight December 31, 2024 through to 10:00 pm on January 1, 2025 to allow for year end system processing. 

Canada Revenue Agency (CRA) minimum withdrawals

Any CRA required minimums not taken for 2024 tax year will be included with your monthly December payment (December 27th).