The RSP/RPP plans you have with Manulife do as well as your investment choices allow. You are responsible for choosing where you place your funds. These choices have a direct impact on how much growth you will see between now and the time you retire.
The plan default investment has been changed to a Retirement Target Date Fund. This means if your funds were invested in either a one year or five year GIA, contributions going forward will be allocated to the year closest to your year of retirement, for example ML Retirement Date 2045. The Retirement Target Date Funds present a better investment option compared to a one year (1001) or five year (1005) GIA.
For Example: An investment code of 1001 indicates the selection of a one year GIA with a current rate of return of 1.050%. An investment code of 1005 indicates a 5 year GIA with a current rate of 1.450%. Again, how you choose has a direct impact on how much growth you will see.
If you would like to ensure you are on the right track with your plans, Tom Bothwell of Bothwell Financial Services will be available on site on the following days:
Wednesday November 8th – 10:30am-1:00pm Guelph – ARC Front Boardroom
Thursday November 9th – 1:00pm-4:30pm Mount Forest Conference Room
Friday November 10th – 10:00am-1:00pm Guelph Claire B Boardroom
Monday November 13th – 10:30am-12:30pm Fergus Conference Room
To book an appointment to speak with them regarding your investment direction, please contact Aradhna Raina, HR Assistant at your earliest convenience to obtain the best time for you. AradhnaRaina@clgw.ca or 226-314-0822.
If you have any questions regarding your funds or otherwise, also feel free to contact Tom at his office directly at 519-837-1515 or bothwellfinancial@rogers.com.
Angela Bukowski
Human Resources Administrator
226-314-0827
AngelaBukowski@clgw.ca
Click here to download a PDF of this memo.
