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Lump sum and severance payment options

Dec 15, 2011

NAV CANADA confirmed that employees eligible to receive lump sum or severance payouts under the terms of the tentative agreement will have the option to transfer these sums directly to an RRSP. Of course, members should confirm whether they have sufficient room in their RRSP account before electing to do so. If the tentative agreement is ratified, the admininstrative procedures for doing so will be provided by NAV CANADA.