After your employment ends with UBC, you do not have to make a decision about your FPP account immediately. The funds you accumulate are fully vested and belong to you.
Sun Life will send you an information package which will include your account balance and options available. You will then decide what should be done with your funds.
If You Are Under Age 55
If you are under age 55 and leaving UBC, you have the option to defer your decision and leave your funds in the Plan or transfer your funds to an external registered plan.
If You Are Age 55 or Over
If you are age 55 or over, you have the option to keep your funds in the Plan and elect one or more of the FPP retirement income options, or transfer your funds to an external registered plan.