Pension transfer in—You are interested in transferring your pension service under the terms of a Pension Transfer Agreement

What you do

You return to the Government of Canada Pension Centre the form titled "Request for Transfer of Service Credits" - Appendix B/B1 indicating your option.

When you do it

By the deadline indicated on the form.

What the Government of Canada Pension Centre does

Forwards a request for past service pension adjustment (PSPA) approval to the CRA.

Forwards the request for funds to your former pension plan administrator.

When the Government of Canada Pension Centre does it

The Government of Canada Pension Centre will endeavour to forward the payment demand letter to the other plan administrator within 45 days from the date of receipt of the completed portion of the Appendix B/B1 - Request for Transfer of Service Credits - by the employee, or receiving all required documentation / information, whichever is later.

What your former Pension Plan Administrator does

Transfers the required or available funds to the Government of Canada Pension Centre.

When your former Pension Plan Administrator does it

As per the terms of the negotiated agreement that generally stipulates within 3 months from receipt of the demand by the Government of Canada Pension Centre.

What the Government of Canada Pension Centre does

Performs final calculations and issues you a notice identifying the service transferred and any balance of service not purchased by the transfer, if applicable. Provides you with all the necessary forms to purchase any remaining balance.

What you do

You decide if you wish to purchase the balance of service not purchased by the transfer, if applicable. If you decide not to, the process ends. If you decide to purchase, refer to the table entitled Optional.

When you do it

If you wish to purchase the balance of service not purchased by the transfer, you have six months to do so at the cost provided in the notice.