Presentation by representatives of Pension Administration and Industrial Alliance (carrier of the Simplified Pension Plan [SPP]) to give details on how the plan works, to help eligible staff make informed decisions and understand the different investment options, as well as to answer any questions.
Of interest to all McGill University Pension Plan members as well as newly hired employees contemplating joining the Plan who need answers to questions such as: Should I join? How much do I contribute? How much does the University contribute on my behalf? What investment options are available to me and how can I make changes to my investment distribution? What is a hybrid plan? What is the defined Benefit Minimum Pension provision? How do I read my pension statement?
Open to all members of the McGill University Pension Plan; of most interest to those members approaching retirement. Topics: (1) Understanding the importance of planning for your retirement; (2) Understanding the retirement options and decisions you will need to make; (3) Determining if you will have enough money at retirement.