Locked-In Retirement Account (LIRA)

A Locked-In Retirement Account (LIRA) is an investment account designed specifically to hold “locked-in” pension funds from a previous employer. At the time of termination of membership in a company pension plan that precedes retirement, death before retirement (whereby funds become property of surviving spouse or partner), or the breakup of marriage or common-law relationship, holders must transfer their funds into a LIRA. (FSCO)

For more information on LIRA accounts please review the following options: