July 2012
Supplemental information on lump sum payments payable from the Pension Plans
Since 2003, OSFI has imposed conditions on lump sum payments payable from the Air Canada defined benefit pension plans. This note summarizes the conditions and the impact for employees eligible to receive a lump sum from the pension plan. It has no impact for employees electing to receive an immediate monthly pension or a deferred pension.
If you consider leaving the company you should read this note carefully. This information could affect your decision.
