On June 19, 2009, regulatory changes were filed which increased the amount of unlocking permitted from Ontario Life Income Funds (LIFs) from 25% to 50%. Changes were also made for old LIFs. Rules were also changed to provide pension plans with solvency funding relief. Further information available at 1-800-668-0128 or http://www.fsco.gov.on.ca/english/pensions/li-account-regchanges2009.asp
Locked-In Account Changes
On June 19, 2009, regulatory changes were filed which increased the amount of unlocking permitted from Ontario Life Income Funds (LIFs) from 25% to 50%. Changes were also made for old LIFs. Rules were also changed to provide pension plans with solvency funding relief. Further information available at 1-800-668-0128 or http://www.fsco.gov.on.ca/english/pensions/li-account-regchanges2009.asp