Resumption of postal servicesCheques that were not collected from Services Québec's offices were forwarded to Canada Post for delivery. However, delays are to be expected due to the gradual resumption of postal services.
Locked-in retirement accounts (LIRAs) and life income funds (LIFs) are transfer instruments used to transfer amounts that have accrued in supplemental pension plans (also called pension funds or pension plans) subject to the Supplemental Pension Plans Act or other Québec legislation such as RREGOP, or voluntary retirement savings plan (VRSP) locked-in accounts.
An LIRA is a retirement savings vehicule (accumulation), while an LIF is used to draw a retirement income (withdrawal).
LIRAs and LIFs governed by the Supplemental Pension Plans Act are under the supervision of Retraite Québec.
Characteristics of a life income fund (LIF)