TRANSFERS OUT. The only transfers permitted out of this Prescribed RRIF are full or partial transfers to: a) another Prescribed RRIF owned by the Annuitant; or b) purchase a Life Annuity Contract; or c) a Pension Plan, if it is permitted under the terms of the Pension Plan. provided that all transfers out are subject to all applicable requirements in the Tax Act. If all or any part of the balance of a Prescribed RRIF is paid out contrary to the Pension Rules, We will provide or ensure the provision to the Annuitant of an amount equal to the amount of the balance paid out.
Appears in 2 contracts
Sources: Manitoba Prescribed Rrif Amending Agreement, Renaissance Investments Manitoba Prescribed Rrif Amending Agreement