December 28th, 2009 by Questions
After being laid off from an auto assembly job, I transferred pension moneys from the company`s plan to a locked in money market fund at an insurance company.
I was told that the money was locked until I turned 55 or under a hardship claim I could take out a portion of this pension money.
My question is: If I were to declare bankruptcy, would this pension money be protected like moneys in an RRSP (after a 1 year holding period) or would creditors be entitled to those monies?
Posted from: Ontario