40.1(1)Notwithstanding section 12, a pension plan may include a provision permitting a member who is entitled to a pension under section 39 or 40 to require the administrator to transfer an amount from the pension fund to a registered retirement income fund as defined in the Income Tax Act (Canada), but the pension plan shall not permit a transfer of more than twenty-five per cent of the commuted value of the member’s pension benefit.

40.1(2)A request to an administrator made in accordance with a pension plan provision permitted under subsection (1) shall be made by a member in the form provided by the Superintendent.

40.1(1)Notwithstanding section 12, a pension plan may include a provision permitting a member who is entitled to a pension under section 39 or 40 to require the administrator to transfer an amount from the pension fund to a registered retirement income fund as defined in the Income Tax Act (Canada), but the pension plan shall not permit a transfer of more than twenty-five per cent of the commuted value of the member’s pension benefit.

40.1(2)A request to an administrator made in accordance with a pension plan provision permitted under subsection (1) shall be made by a member on the prescribed form.

40.1(1)Notwithstanding section 12, a pension plan may include a provision permitting a member who is entitled to a pension under section 39 or 40 to require the administrator to transfer an amount from the pension fund to a registered retirement income fund as defined in the Income Tax Act (Canada), but the pension plan shall not permit a transfer of more than twenty-five per cent of the commuted value of the member’s pension benefit.

40.1(2)A request to an administrator made in accordance with a pension plan provision permitted under subsection (1) shall be made by a member on the prescribed form.