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AVC Withdrawals (Active Members) Information Sheet Withdrawing Funds From Your AVC Account (Active Members) This information is for active members. Active members include those currently contributing

How to fill out omers avc withdrawal form

1. To fill out an OMERS AVC withdrawal form, you will need to gather the necessary information and documents. These may include your OMERS member number, contact information, banking details, and identification documents.
2. Start by downloading the OMERS AVC withdrawal form from the official OMERS website. Ensure that you have the most updated version of the form to avoid any complications.
3. Fill in your personal details accurately, including your name, address, email, and phone number. Double-check the information to ensure there are no errors or omissions.
4. Provide your OMERS member number, which can typically be found on your OMERS statement or any other OMERS correspondence.
5. Indicate the withdrawal amount you wish to make from your AVC account. This could be a specific dollar amount or a percentage of your AVC balance. Make sure to review your AVC account balance before making this decision.
6. If you want the withdrawal amount to be directly deposited into your bank account, provide the necessary banking details, including your bank name, branch number, and account number. If you prefer a cheque, indicate this option instead.
7. Attach any supporting documentation as required. This may include a void cheque if you selected the direct deposit option, or any other documentation requested by OMERS.
8. Read and understand any declarations or authorizations on the form before signing and dating it. Ensure that you comply with all instructions and legal requirements.
9. After completing the form, make a copy for your records before submitting it to OMERS. Retaining a copy can be handy in case there are any discrepancies or issues that may arise.

Who needs OMERS AVC withdrawal?

1. OMERS AVC withdrawal is relevant for OMERS members who have contributed to the Additional Voluntary Contributions (AVC) program and wish to access their funds before retirement.
2. Individuals who have made AVC contributions to their OMERS account, typically on a voluntary basis, may choose to make a withdrawal for various reasons. This could include financial emergencies, debt repayment, home purchases, or personal investments.
3. It is important to note that eligibility and restrictions may apply to OMERS AVC withdrawals. OMERS members should refer to the OMERS website or contact OMERS directly to understand their specific circumstances and requirements.

For pdfFiller’s FAQs

What is omers avc withdrawal?

OMERS AVC withdrawal is the process of accessing funds from an Additional Voluntary Contribution account within the OMERS pension plan.

Who is required to file omers avc withdrawal?

OMERS plan members who have an AVC account and wish to withdraw funds from it are required to file for an AVC withdrawal.

How to fill out omers avc withdrawal?

OMERS plan members can fill out an AVC withdrawal form provided by OMERS and submit it with the required documentation.

What is the purpose of omers avc withdrawal?

The purpose of OMERS AVC withdrawal is to provide plan members with the flexibility to access additional funds from their pension account.

What information must be reported on omers avc withdrawal?

OMERS plan members must report their personal information, account details, withdrawal amount, and any tax withholding preferences on the AVC withdrawal form.

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