Your
group plan
at work
Securing your future with your group plan
Sources of Retirement Income
Your responsibilities under this plan
As a member of a group retirement savings plan with more
than one investment option, you are responsible for:
• Making sure you understand how your plan works.
• Taking advantage of the information and tools available
to make your investment decisions.
• Taking advantage of the investment advisory services of
a plan advisor if available.
• Making actual investment decisions.
• Determining how much you will contribute to your plan.
• Checking to see how your investments are performing
• Revising your investment strategy if personal
circumstances change.
Sources of retirement income
Supplementary
Secondary
Primary
Canada Pension Plan (CPP)
Old Age Security (OAS)
Home
Other Savings
Personal RRSP
Your company retirement plan
Government benefits
Monthly maximum payments 2015
Canada
Pension
Plan*
Quebec
Pension
Plan*
Old Age
Security
Age 60
Age 65
$694.38
$1,065.00
$707.16
$1,065.00
$0
$563.74
Age 70
$1,512.30
$1,512.30
-----------
*Amounts based on earnings, length of employment history and rate of your contributions.
Will this be enough for you?
The tax advantage of automatic payroll
deductions
You get $50 for $30
Before
RRSP
Less RRSP
Taxable pay
$ 500
$ 0
$ 500
$ 500
$ 50
$ 450
Tax @ (40%)
Net pay
$(200)
$ 300
$(180)
$ 270
Gross pay
Contribution limits
Lesser of 18%
of previous
years earnings
or $24,930
Year
CRA RRSP
Limit
2015
$24,930
2016
$25,370
+
Unused
RRSP
Room (if any)
You are responsible for monitoring your
personal RRSP limit as per CRA Notice of
Assessment
For more information about your personal
limits visit www.cra.gc.ca
Choice of two accounts
Group RRSP
• Tax-deductible savings
• Tax-sheltered earnings
• Contribute up to RRSP limit
• Ideal for retirement savings
Tax-Free Savings
Account (TFSA)
• No tax-deductibility, but tax
sheltering
• Contribute up to $10,000
each year
• Tax free withdrawals, and
can “re-contribute” the
amount withdrawn
• Great for any savings goal
Investing details
Understand Risk vs. Return
Guaranteed
Guaranteed interest during fixed term
Less long-term growth potential
Canadian, US, Global &
International Equities
Money Market
Government treasury bills (T-Bills)
Less long-term growth potential
Balanced
Target Risk
Equities (Stocks)
Share in company profits
Canadian, U.S., Global & International
Greater long-term growth potential
Bonds
Balanced
Mix of cash, bonds and equities
Automatic diversification
Low
Money Market
Guaranteed Funds
Low
Risk
Bonds (Fixed Income)
Promise to repay debt
Pays a rate of interest
Government and corporate
High
Target Risk
“Hands-free” approach
Re-balances automatically
Wide range of investment options
Built by me - Choose
your own portfolio
from the following
asset categories:
• Money Market
• Guaranteed Funds
(1, 2, 3, 4, 5 year)
• Fixed Income
• Balanced
• Canadian Equity
• U.S. Equity
• International Equity
• Global Equity
Built for me – “prebuilt” portfolio funds
• Milestone Target Date Funds
with guaranteed maturity value
• Granite Target Date Funds
• Granite Asset Allocation Funds
Milestone Funds® – Target Date
Sun Life Financial Milestone Segregated
Funds
• Target date funds
• All you have to do is choose the Fund
that is closest to the date you’d like your
money, and it takes it from there
Six options to choose from
• 2020, 2025, 2030, 2035, 2040 and
2045.
• Maturity dates of June 30th
Milestone guarantee
Granite Funds™ – Target Date
When do you need the money?
• Pre-built solutions – with an
asset mix that changes over the
life of the fund
• Managers were selected who
have:


Superior long term performance
Expertise in their asset classes or investment styles
• Low cost multi-manager target
date funds
Granite Funds™ – Asset Allocation
Pre-built asset allocation funds
• 5 funds that correspond to a risk
profile:
 Granite Conservative Segregated
Fund
 Granite Moderate Segregated Fund
 Granite Balanced Segregated Fund
 Granite Growth Segregated Fund
 Granite Aggressive Segregated Fund
The importance of diversification
You should always be diversified in your approach to investing
– Investment Style – growth and value, active and
passive fund managers
– Asset class – cash equivalents, fixed income and
equities
– Geographic region – Canadian, U.S. and
International equities
– Currency – limit exposure to U.S. currency risk
Communication &
Technology
Customer Care Centre
• Toll-free line 1-866-733-8613
• Perform transactions 24 hours a day through the
Automated Telephone System
• Customer Care Centre representatives available 8
a.m. to 8 p.m. ET any business day
Operate live in 189 languages
Plan member services website
•
•
•
•
•
•
•
•
www.mysunlife.ca
Fund and account balances
Summary of contributions
Move money between funds
Access historical fund performance
information
Update your future investment instructions
Lump sum contributions
Newsletters
View historical account statements
Convenient, Quick, Easy!
Plan member services website
continued
• Complete the Investment Risk
Profiler to help you determine
your tolerance for risk and how
you should invest.
• Use the Retirement Planner to
help understand your retirement
goals and ensure you are saving
enough.
Statements and Receipts
• Annual account statements mailed directly to your
home in December
• Semi-annual account statements available online
in June and December
• Tax slips and receipts
 Mailed directly to your home
 RRSP receipts for income tax purposes sent
twice per calendar year
Withdrawals, Termination,
and Retirement Options
Termination and Retirement options
At the point of Termination/Retirement:
• You will be mailed a package that outlines your
various options
• If we don’t hear from you within 90 days after
termination/retirement your account will be
automatically transferred to a personal account in
the Group Choices Plan
Withdrawals
• Withdrawals or transfers from guaranteed funds prior to maturity are
paid at market value. Death benefits are paid without a market value
adjustment.
• Withdrawals from a Milestone Fund prior to the maturity of that fund
are calculated at the current market value of the fund, not the
guaranteed maturity value
• $25 fee will apply for each withdrawal from your RRSP
• The first withdrawal from your TFSA in each calendar year is free. A
$25 fee will apply for any additional withdrawals during the year.
• Termination withdrawals and transfers - $75 (except when
transferring within Sun Life Financial)
Getting Started
How do I get started?
• my savings Group RRSP & TFSA Employee Enrolment Kit
• Complete and submit signed enrolment form(s) to your
employer
• That’s it! my savings has been designed to make this entire
process ‘quick and easy’.
How do I get started?
ABC Company
John
Main Street
Toronto
Doe
ON H0H 0H0

How do I get started?
Jane
Jill
Doe
Spouse 100
Doe
daughter
100
How do I get started?
5

How do I get started?
ABC Company
John Doe
29-06-2015
How do I get started?
•Completion
of the
•TFSA enrolment form
•is necessary if you
•would like to
•contribute to the
•Tax-Free Savings Account
Your future is waiting… enrol today!