LIRA And It’s Impact On LTD Sunlife

I am on LTD with Sunlife. My financial advisor wants to withdraw money.from my LIRA. I am concerned this might impact my LTD payments. I checked my booklet but it is not clear if pension payments affect my LTD payment. Note the annual update forms from Sunlife asks if you have applied for pension and if it was approved. Any insight would be appreciated…

I removed my answer, because I think I misread your post

My booklet says they deduct
under a retirement or pension plan funded in whole or in part by the employer, as a result of your disability or a medical condition.

I am NOT a lawyer.
Your LIRA was presumably NOT funded due to your disability so my opinion is do what you want with it.
If you’re really anxious the ask a layer. :slight_smile:
@David_Brannen might weigh in or get the free consult:

You do need to be very careful here, because LTD can end when you “retire”.

I forgot that mine does say that too.

I thought I would reply here to vasilva’s post. I have never worked for the public service and went on LTD from a private company A. I have no pension with company A. They only provide additional pay so I can contribute to my personal RRSP. I actually have 3 LIRA account from three previous employers. So it’s not medical pension.

Aren’t there rules that you can only withdraw from a LIRA after you’re retired?
My LTD ends when I retire.