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.
On April 28, 2004, a merger agreement between Manulife Financial Corporation and John Hancock Financial Services Inc. was completed. In Canada, this merger meant that Maritime Life - a subsidiary of John Hancock Financial Services - became part of the Manulife Group of Companies. This merger has not affected the administration of our Health and Dental Plans. The benefits you currently enjoy, plus the plan improvements introduced in January 2005, have not changed. The plan contract number is still 7257. However, starting early in 2005, you will begin to see – and hear – signs that Manulife Financial and Maritime Life are becoming a single, combined organization.