Variable Pension Benefit Payment Processing Information

Lump-sum withdrawal requests

Lump sum withdrawal requests from VPB must be submitted online before Thursday December 28th at 2:00 pm to be included in 2023 tax year reporting. Member Login

Email/mail requests for lump sum withdrawals must be received by Thursday December 21st to ensure 2023 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, 2023 through to 10:00 pm on January 1, 2024 to allow for year end system processing. 

Canada Revenue Agency (CRA) minimum withdrawals

Any CRA required minimums not taken for 2023 tax year will be included with your monthly December payment (December 27th).