Effective November 21, 2008, a new Plan Profile section was added to the secure website. The new Plan Profile section shows your Plan Name, Status and Plan Entry Date. If you have a pension plan and a Group RRSP, the information for both plans will be displayed. To view the new section, you will need to log on and click Savings Plans, Personal Information, and Participant Profile. Click here to log on. |
What can you do to maximize the potential of your Group Retirement Plan? Max out: If you still have contribution room, you should consider options to reach your contribution limit (increase regular contribution amounts; and/or, make a lump-sum contribution with non-registered funds or money borrowed at a low rate). Contribute early: If you are going to make a lump-sum contribution, the earlier you make it, the sooner your funds will start growing in a tax-sheltered plan. Stay invested: In most cases, it is better to leave your funds in the plan until retirement, even if you are eligible to withdraw the funds in cash. No matter how you look at it, taking advantage of a Group Retirement Plan for tax deferral while saving for retirement makes excellent financial sense. Please refer to your member booklet for contribution options available to you. |
