it to CARRA before your 55th birthday or within 12 months following the date of the end of your employment if you resign between your 54th and 55th birthday: Once you have completed and filed your form with CARRA , you will receive a personalized letter describing your options depending on your situation. What will happen if I return to work in the public sector after I have my pension funds transferred to a LIRA? If you wish, you can have your pension plan recognize the periods of service that were credited to you before you had your pension funds transferred to a LIRA or a LIF. You will then have to repay CARRA the amount that was transferred to your LIRA or LIF, with interest accrued at the rate of return of your pension plan. By doing so, you will restore the rights you had under your plan at the time of the transfer in regard to years of service as well as accumulated funds. Note that you must have held your new employment for at least three months before you can do this. If I prefer, can I leave my pension contributions with CARRA ? Yes. Interest will then be added to the funds accumulated under your pension plan until you decide to receive your deferred pension or to transfer your pension funds to a LIRA or a LIF before your 55th birthday. Note that the interest rates for RREGOP and the PPMP are set on June 1