Transitional Assistance Program
Choosing a resignation / retirement date
If you have been approved for Transitional Assistance
Program funding, you will need to choose a
resignation/retirement date. This is necessary to
fulfill your eligibility requirements and allow us to
send you payment.
You may no longer be employed by
your current employer after the resignation/retirement
date you choose. Nor may you work for an affiliated
company or at the same works site.
For most applicants, your resignation/retirement date
must be on or before October 31, 2009.
The only exceptions are for applicants who turn 60
between November 1 and December 31, 2009. Because a
retirement date prior to their 60th birthday might
result in financial penalties for these applicants, they
may instead choose a resignation/retirement date of on
or before December 31, 2009.
Please note that your resignation/retirement date
is not the same as your
lay-off date.
You must enter your resignation/retirement date on your
Declaration, Employer and Employee Resignation/
Retirement Agreement and Direction to Pay forms.
In choosing your resignation/retirement date, please
keep the following points in mind:
- Successful applicants must stop receiving any
Employment Insurance (EI) benefits as of their
resignation/retirement date. Please be aware that we
provide resignation/retirement date information to
Service Canada.
- If you are on lay-off, it is important to
not provide
your lay-off date as your resignation/retirement date,
as this will affect any Employment Insurance benefits
you may have received.
Please be aware that the resignation/retirement date you
choose may affect your personal finances in unexpected
ways. We strongly encourage all applicants to seek
professional financial advice if you are unsure about
the tax and other financial implications of your choice
of resignation/retirement date. Program staff
are not
able (or qualified) to provide you with this type of
advice.
For more information about the Community Development Trust:
- 1-877-238-8882 from B.C. communities outside Victoria
- 250-387-5349 from Victoria
- email: cdt@gov.bc.ca
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