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Retirement Income Programs

When you’re ready to begin spending the money you’ve saved, you typically have to “convert” that money into a retirement income stream. The options in the șĂÉ«TV Retirement Income Program offered to you, will depend on whether the money is subject to locking-in provisions or not.

The guide, PDF icon Get ready for a bright retirement explains the features and benefits of this program.  You can also learn more by navigating the individual topics below.

    Learn more about annuities and preferential arrangements

    When you buy an annuity, you exchange a lump sum of money for a lifetime income. 

    Learn about annuities and preferential arrangements
    Learn more about the șĂÉ«TVl Group Life Income Fund

    Group LIF offered to members of the MUPP and SEU Pension Plans

    Learn about the șĂÉ«TVl Group LIF
    Learn more about Life Income Funds (LIFs)

    A Life Income Fund (LIF) is a specific type of registered retirement income fund (RRIF) from which you can draw a retirement income (payment).

    Learn about LIFs
    Learn more about the șĂÉ«TV Pension Plan Variable Benefit

    A variable benefit (VB) allows MUPP members to receive a life-income type payment directly from the pension plan.

    Learn about the MUPP Variable Benefit
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