I have a couple of questions relating to 1) RSP withdrawal and 2) severance package upon employment termination:
Can I withdraw my RSP early and does either my LTD provider or CPPD have any claims to it? I’m thinking about withdrawing my RSP for cash needs (I know the tax implications) but I would not take it out if my LTD provider or CPPD will reduce their payments because of it.
If my employer decides to terminate me on the basis on frustration of employment contract, do I receive a severance package and how does that affect my LTD payments from the insurance company and CPPD? Also, I will continue to receive my LTD payments after I’m laid off right?