Get Form 403 - Withdrawing Non-locked-in Funds From Your Avc Account - Omers

Withdrawing funds from your AVC account can seem daunting, but this guide will simplify the process for you. Here, you will find step-by-step instructions for completing Form 403, designed specifically for active members of the OMERS Primary Pension Plan.

Follow the steps to correctly complete your withdrawal form.

1. Press the ‘Get Form’ button to obtain the Form 403 and open it in your preferred editor. This action allows you to access the necessary withdrawal information.
2. Begin by filling out Section 1, which includes your personal information. Input your OMERS membership number, date of birth, first name, last name, address, city, province, postal code, phone, and email. Ensure all information is accurate as it will update your OMERS member profile.
3. Proceed to Section 2, where you will indicate the withdrawal amount. Check the appropriate box based on your previous withdrawals and complete the required fields. If you have not made withdrawals in the last four years, you may withdraw a maximum of 20% of your account balance as of December 31 of the prior year, with a minimum withdrawal of $500. If you have withdrawn funds in the previous four years, you may withdraw your entire balance (excluding current year contributions).
4. In Section 3, specify your payment instructions. Decide whether the funds will be transferred to an RRSP, RRIF, or used to purchase an annuity. Complete the relevant financial information such as account number and the name and address of the financial institution or insurance company.
5. Finally, review all your information for accuracy. Sign and date the form at the bottom of Section 2 to authorize the withdrawal. Ensure you send the completed form to OMERS before the April 30 deadline by mailing or faxing it, as described in the form instructions.

Complete your Form 403 online today to ensure a smooth and timely withdrawal process.