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Article last updated on October 6, 2021

Legislative update for our Manitoba members

Amendments to The Pension Benefits Act and The Pension Benefits Regulations of Manitoba came into force on October 1, 2021


The changes that may be of most interest to our Manitoba members include:

  • Allowing a person who transfers their accrued pension benefit to a locked-in retirement account (LIRA) or life income fund (LIF) to: 

    • after reaching age 65, unlock 100% of the amount by withdrawing it or by transferring it to a registered retirement savings plan (RRSP), a registered retirement income fund (RRIF), or to a pension plan (if the plan allows); 

    • at any age, unlock all or part of the amount on the grounds of certain hardship scenarios; and

    • after reaching age 55, unlock 50% of the amount by transferring it to a prescribed registered retirement income fund (pRRIF), with no requirement to obtain pre-approval from the Manitoba Pension Commission.

  • Greater flexibility in dividing pension assets after a relationship breakdown.

  • Clarification that the small pension commutation rule applies to a division of assets.

CSS has updated its processes and forms to reflect the changes to the Manitoba legislation and regulations. CSS will be reviewing and updating its educational materials and other member resources to ensure these reflect the changes. In the meantime, should you have any questions, please do not hesitate to contact us.

The Manitoba Pension Commission has updated its website to reflect the changes:

Further information is also available in the Manitoba government news release of August 17, 2021.