Group Registered Retirement Savings Plan (RRSP)
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You can recognize the contribution of your members 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 combined total annual deposit
for the entire organization is $10,000.
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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 their 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 for investment and 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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