Group Registered Retirement Savings Plan (RRSP)
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You can recognize the contribution of your volunteer firefighters by
providing service credits for a Group Registered Retirement Savings
Plan (RRSP). Payments are flexible and members can choose to deposit
additional amounts for themselves or their spouses. The minimum annual
cash flow per department is $15,000.
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Advantages to a Group Plan:
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It is not just individual accounts grouped together, but is a true “Group”
plan in your organizations name. Each member enrols to have their
own account, and is individually responsible for their investment choices.
The plan offers:
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lower fees to manage your money;
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a wide choice of investment options from well known fund managers;
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tools to gauge your investment tolerance and plan your retirement income;
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online and telephone access to monitor and manage your investments;
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semi-annual statements that track how your investments are doing and
project your retirement income;
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preferred rates at retirement when you choose your pension income options.
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Need more information? Please contact:
Michael Crowe, Regional Director,
Toll Free: 1 (866) 380-1990
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