Amendments Streamline Process for Unlocking Retirement Funds

Amendments Streamline Process for Unlocking Retirement Funds


Amendments Streamline Process for Unlocking Retirement Funds
Nova Scotians want to have financial peace of mind when facing challenging circumstances.
That is why government introduced amendments to the Pension Benefits Act today, April 6, that will make it quicker for Nova Scotians who need it to access locked-in retirement accounts or life income funds.
“The changes I am introducing today and the regulations that will follow will mean Nova Scotians experiencing financial hardship can work directly with their financial institutions to access these funds,” said Finance and Treasury Board Minister Labi Kousoulis. “This will save significant application processing time for Nova Scotians in need, as they will no longer need prior approval from the superintendent of pensions.”

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