Withdrawal rates for RRIFs due to pandemic

The current pandemic situation has led the federal government to announce a number of measures that potentially affect our members.  One such measure was announced in March: the government reduced the minimum withdrawal rates for RRIFs by 25%, in consideration of the market turmoil that occurred as the coronavirus pandemic struck.  Many of our members are asking whether, instead of the announced 25% reduction in those withdrawal rates, mandatory withdrawals should be eliminated at this time.

This issue is beyond the scope of BPG’s mandate which is to protect the defined benefit pension and applicable post-retirement benefits of retirees and employees of Bell Canada and its affiliates. However, BPG enjoys a working relationship with CARP (Canadian Association of Retired Persons) and with FADOQ (Fédération de l’Âge d’Or du Québec), both of which do have a mandate to advocate on a broader array of seniors’ issues.  BPG understands that CARP and FADOQ have raised the RRIF issue in recent communications.

See, for example,  https://www.carp.ca/rrif-withdrawals/  for more information.


Become a member
  • BCE reports second quarter 2023 results

    August 11th, 2023

    2nd Quarter Results issued Aug 3, 2023

    Read more ...


    April 19th, 2023

     Bill C-228 has been passed by the Senate

    Read more ...

  • BCE reports 2022 Q4 and full-year results, announces 2023 financial targets

    February 7th, 2023

    5.2% annual dividend increase to $3.87 per share

    Read more ...

  • PIC Report

    December 5th, 2022

    The PIC report has been posted online at PIC.

    In addition, BPG has provided highlights on the 2021 Bell Canada pension plan along with a 2022 update will be provided in your Holiday newsletters. Another value add offered by BPG.  If you're not a member, sign up now. 

    Read more ...

  • Cost Of Living Adjustment for 2023 for Bell Canada, Bell Aliant, BCE and Telebec

    November 16th, 2022

    Read more ...

  • Preliminary Cost of Living Adjustment (COLA) for BCE

    October 20th, 2022

    To be confirmed by Bell

    Read more ...


Follow us on LinkedIn   Follow us on Facebook