Federal or provincial pension legislation defines the
minimum age at which a LIRA can be transferred to a life
annuity, LIF or LRIF.
Mandatory conversion to life
In some provinces, the LIF or LRIF must be converted to a
life annuity at a certain age (usually 80). For LIFs
and LRIFs under federal jurisdiction, this is no
See the article Unlocking your locked-in
pension accounts, which includes information on the 2008 Federal
Budget changes regarding federally-regulated pension plans.
Revised: September 06, 2013