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Office Use Only NS Pension Services Corporation 18007745070 toll free in NS (902) 4245070 local (902) 4240662 fax email: info@nspension.ca www.novascotiapension.caFlexible Pension Option Application
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How to fill out flexible pension option

01
Gather necessary personal and financial information, including your age, income, and retirement goals.
02
Contact your pension provider or employer to obtain the flexible pension option application.
03
Carefully read through the terms and conditions of the flexible pension option.
04
Fill out the application form with your personal details, including name, address, and contact information.
05
Specify the amount you wish to contribute to your flexible pension plan.
06
Choose your investment options, if applicable, based on your risk tolerance and financial goals.
07
Review your application for accuracy and completeness.
08
Submit the application to your pension provider via the required method (online or paper submission).
09
Monitor your account regularly to track performance and make adjustments as necessary.

Who needs flexible pension option?

01
Individuals seeking to have greater control over their retirement savings.
02
Employed individuals with access to flexible pension plans through their employer.
03
Self-employed individuals looking for retirement savings options.
04
People facing changes in financial circumstances that may require more adaptable pension solutions.
05
Those who wish to combine pension saving with other investment strategies.
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The flexible pension option allows retirees to receive their pension benefits in a customized manner that suits their financial needs and preferences, rather than following traditional fixed withdrawal patterns.
Individuals who wish to take advantage of the flexible pension option must file, including those who are eligible retirees looking to customize their pension withdrawals.
To fill out the flexible pension option, individuals should complete the designated application form provided by their pension plan, ensuring all personal details, options for withdrawals, and any required documentation are accurately included.
The purpose of the flexible pension option is to offer retirees greater control over their pension benefits, allowing for tailored withdrawals that align with their individual financial circumstances and retirement plans.
The information that must be reported includes personal identification details, the chosen withdrawal method, any investment choices, and acknowledgment of the terms of the flexible pension option.
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