| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
severance pay |
Transfer to RRSP |
|
Summary:
The critical factors are the reason for the payment and the fact that it was paid or payable, not the use to which the employee chooses to put it. The mere fact that a cheque was issued by the employer to the bank on his behalf does not prove the RRSP was "non-commutable". The Commission maintains the evidence in this case clearly shows that the monies were part of a severance package and not a transfer of pension into a non-commutable RRSP. See also CUB 66442.
