Your statement - Carrier Sekani Family Services

Welcome to your Carrier Sekani Family Services Group Retirement Program

Wojtek Golebiewski, BA CFP RPA Client Relationship Manager Manulife Financial – Group Retirement Solutions

Who is Manulife Financial?  Canada’s largest life insurance company operating worldwide  Operations in Canada, United States and Asia  More than 125 years of strength and stability  Consistently receives strong ratings from various rating agencies

Responsibilities Carrier Sekani Family Services

Manulife

Investment Managers

You

Plan Sponsor

Service Provider

Fund Managers

Plan Member

• Select service provider • Make contributions • Monitor the plan • Provide information

• Develop member education/planning tools • Provide member assistance

• Prepare and mail statements • Offer investments

• Perform research • Create funds • Select stocks and bonds • Buy and sell securities

• Understand your plan & investments • Choose investments • Make contributions • Monitor your account • Update personal information

Take control of Your Retirement!

Your responsibilities  Understand your plan and investments  Use the tools to select appropriate investments

 Participate (CONTRIBUTE)  Monitor your account  Update personal information

 Seek professional financial advice

Take Control of Your Retirement

Agenda

 Learn about your new plan legislation  Setting up a PIN  Introduction to STEPS Retirement Program

 Options in Retirement  Service and Support available

Legislative Changes  Carrier Sekani Family Services Pension Plan will be subject to BC Legislation effective April 1st, 2013.  Minimal impact to current plan members

Your statement  Your statement is mailed to your home address semiannually.

Complete these simple tasks 1. Confirm the information on your statement: Your personal and beneficiary information Your investments and contribution direction

2. Obtain your Personal Identification Number (PIN) for phone and online access

3. Set your retirement goal online using Manulife’s Steps Retirement Program® (STEPS)

Your Personal Identification Number (PIN)  To activate (or reset) your PIN, please contact a Customer Service Representative at 1-888-727-7766.  Representatives are available Monday to Friday, from 8 a.m. to 8 p.m. ET.  Once you have your PIN, use it along with your 9-digit Customer Number to access your account information online or through the Manulife Customer Service Centre.

Confirm your information  Your statement displays these details:

 Verify your personal information

 Review your beneficiary information

Confirm your information  Need to make changes to your personal/beneficiary information? You can print a Change Form online at www.manulife.ca/GRO OR Contact Human Resources

Education and Communication  Information when you first enroll  Secure website available 24 hours a day, 7 days a week

 www.manulife.ca/GRO Current account balances Plan information Investment information Retirement planning tools

Secure website home page  Personalized banner  Account balance  Estimated retirement income

 Message centre  Learning centre

The Steps Retirement Program®  The Steps Retirement Program® (Steps) is an online retirement planning tool that will: Help you set a retirement income goal Show your estimated retirement income

Help you track your savings progress Show whether you are on track towards your preferred retirement lifestyle

Set/update your retirement goal  In just three simple steps… Set goal

Where do I want to be?

Create plan Track progress

How do I get there? Am I on track?

“Where do I want to be?”

“Where do I want to be?”

“How do I get there?”

“Am I on track?”

Ongoing updates  You’ll receive reports that keep you up-to-date on your progress Online On your Semi-Annual Statement

 You can track your progress online anytime, anywhere

Online Education  www.manulife.ca/GVO

 Gail Vaz-Oxlade Host of TV’s ‘Til Debt Do Us Part’ and ‘Princess’  You’ll learn Simple, practical solutions to common financial concerns Personal finance concepts

Existing webinar topics Finding Money to Save Talking Money with your Kids Creating a Financial Plan

Debt vs. Savings Getting out of Debt The Balancing Act

The importance of saving for retirement

Ongoing Support and Services  Plan member booklets  Account Statements (Semi-Annually)  Internet site: www.manulife.ca/GRO Steps Retirement Program®

 Telephone: 1-888-727-7766 (toll-free) Interactive Voice Response (IVR) Customer Service Representatives Financial Education Specialists

 Email: [email protected]

Options in Retirement Things to Consider  Protecting income from inflation  Tax planning  Managing investments on your own or with help  Providing guaranteed lifetime income for you and your spouse

 Flexibility to adjust level of income  Leaving an estate to heirs

Options in Retirement Main income options for Defined Contribution Registered Pension Plan:

Annuity 

Provides a guaranteed regular income



Monthly, quarterly, annually



Income based on:

- Size of single premium (i.e. amount saved by retirement) - Type of annuity  Life Annuity/ Life with Guarantee  Joint Life (you & spouse/partner) - Current interest rates 

Income from annuity is taxable

Life Income Fund (LIF) 

For locked-in money



You select the investments



Required to withdraw income each year – subject to minimum and maximum amounts, which depend on where LIF is registered



Income from LIF is taxable

Manulife Group Retirement Income Plan (GRIP) 

Offered exclusively to members retiring from Manulife Financial Group Savings Plans

Questions?