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Retirement Income Programs

When youā€™re ready to begin spending the money youā€™ve saved, you typically have to ā€œconvertā€ that money into a retirement income stream.Ā The options in the ŠćÉ«Ö±²„ Retirement Income Program offered to you, will depend on whether the money is subject to locking-in provisions or not.

The guide,Ā PDF icon Get ready for a bright retirementĀ explains the features and benefits of this program.Ā Ā You can also learn more by navigating the individual topics below.

    Learn more about annuities and preferential arrangements

    When you buy an annuity, you exchange a lump sum of money for a lifetime income.Ā 

    Learn about annuities and preferential arrangements
    Learn more about the ŠćÉ«Ö±²„ Group Life Income Fund

    Group LIF offered to members of the MUPP and SEU Pension Plans

    Learn about the ŠćÉ«Ö±²„ Group LIF
    Learn more about Life Income Funds (LIFs)

    A Life Income Fund (LIF) is a specific type of registered retirement income fund (RRIF) from which you can draw a retirement income (payment).

    Learn about LIFs
    Learn more about the ŠćÉ«Ö±²„ Pension Plan Variable Benefit

    A variable benefit (VB) allows MUPP members to receive a life-income type payment directly from the pension plan.

    Learn about the MUPP Variable Benefit
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