Locked-In Retirement Account (LIRA)

A Locked-In Retirement Account (LIRA) is an investment account designed specifically to hold “locked-in” pension funds from a previous employer.  At the time of termination of membership in a company pension plan that precedes retirement, death before retirement (whereby funds become property of surviving spouse or partner), or the breakup of a marriage or common-law relationship, holders must transfer their funds into a LIRA.
Withdrawals from a LIRA
Maturing your LIRA account