In the event of departure, retirement or cancellation of your pension plan

 

If you leave the company today and decide not to keep your reserves invested in the same pension plan until your retirement, you will be entitled to claim this amount and transfer it to your new employer’s pension plan, a hosting structure, etc.  

Vested reserves: This is the amount that you will be entitled to collect on the status date, i.e. if you were to leave the company on this date. Your benefits statement will also show your vested reserves amount on the previous status date. This way, you can easily track growth over time (interest earned, premiums paid during the year, profit sharing, etc.). 

Employers are required by law to guarantee a certain minimum payout. If this is more than the vested reserves, then this is the amount that you will be entitled to collect. No proceeds may be claimed before the age of 60.