Retirees to have more control over pension incomeGovernment restrictions removedBy 10/18/2001|hrreporter.com|Last Updated: 04/09/2003 The Saskatchewan Department of Justice has announced proposed legislative amendments that will give retirees more control over their retirement income.Amendments to The Pension Benefits Regulations will enable a registered retirement income fund (RRIF) to be recognized as a pension choice. People with locked-in retirement accounts will have the option of converting their pension funds into RRIFs in the same way registered retirement savings plans (RRSPs) are converted to RRIFs. The change will remove the withdrawal limits imposed by current regulations on life income funds (LIF) and locked-in retirement income funds (LRIF). Instead of a fixed monthly income, or an income that varies with investment returns, retirees will have the ability to determine for themselves their level of income. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.