Pension Administration offers information sessions to potential and current members of the McGill University Pension Plan as follows:
Intended for members of the McGill University Pension Plan and newly hired employees contemplating joining the Plan. Topics will include:
- Should I join?
- How much will I have to contribute?
- How much will the University contribute on my behalf?
- What investment options are available to me?
- How do I decide which investment options are appropriate for me?
- What is a hybrid pension plan?
- What is the Defined Benefit Minimum Provision?
- How do I make a change to my investment distribution?
- How can I better understand my pension statement?
Intended for all members of the McGill University Pension Plan, and of particular interest to those members approaching retirement. Topics will include:
- How much will I need at retirement?
- Understanding the importance of planning for your retirement,
- Overview of the retirement options and decisions you will need to make, and
- Tools to assist you in determining if you will have sufficient money at retirement.
- Which benefits are available post-retirement?
Intended for members of the McGill University Pension Plan who need additional information on the settlement options available to them at retirement or termination of employment. Topics will include:
- How much will I need at retirement?
- What is a Life-Income Fund (LIF)?
- What is an annuity?
- Overview of the McGill Group LIF and other preferential arrangements
- How do I access my pension holdings online?
- What does locked-in mean?
Intended for members of the McGill University Pension Plan who are approaching retirement and the payout phase of their careers. It is highly recommended that you attend a Retirement Information Session and/or Settlement Options Information Session prior to registering for this session. Topics will include:
- What are the risks associated with the "decumulation"/payout phase of retirement?
- Cash flow requirements, inflation and purchasing power, rates of return, longevity risk
- What are the settlement and investment options available to me?
- How to review your investment strategy and choose an investment dealer or representative?
- What are my sources of income during retirement? Which should I withdraw first?
Intended for active and inactive members who are approaching retirement, over age 65, turning age 71 and who must convert their holdings. Topics will include:
- Who is eligible?
- What is a Life Income Fund/Retirement Income Fund?
- What are the minimum and maximum withdrawal streams?
- What are the available investment options?
- What are the GLIF/RIF fees?
- How to join.
If you are interested in attending one of these sessions, you are invited to consult the complete listing of upcoming dates,times and locations and register online (PEN Module). You can also register by leaving a message at (514) 398-8484 (voicemail only) or by sending an email to karen.rasinger [at] mcgill.ca. Please indicate the date of the session you would like to attend.
Copies of the slides used in the various presentations are available for your viewing. You are cautioned that the information provided in the various presentations may not adequately address your individual needs and circumstances and does not constitute financial advice. You should also consider obtaining investment advice from an appropriately qualified individual in addition to using any information contained in these presentations.
General Session Information Session (updated April 2019)
Retirement Information Session (updated April 2019)
Settlement Options Session (updated April 2019)
Decumulation Session - a copy of the slides will be provided at the session