When an individual’s employment is terminated, that individual may elect to receive a return of contributions that are not locked in, or may choose to leave these funds in the plan until age of retirement.  Locked-in regulations vary according to province of employment, so that the amount that is not locked-in will depend on which province the employee last worked.

The locked-in portion of the plan, however, must remain in the plan until normal or early retirement, or may be transferred to a locked-in RRSP.  The Member is responsible to notify the FBP Administrator so that a termination can be requested.

In the case of a discontinuance of salary, for leave without pay or moving to a new appointment, notice should be provided to the FBP Administrator.  Contributions will be suspended for the duration of the discontinuance.  Once salary resumes or new appointment has been established, contributions will be reinstated.