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Plan for life

Plan for life. Your group savings and retirement plan. Under a Conveyance and Assumption Agreement, the Manufacturer’s Life Insurance Company assumed all of the liabilities of the Standard Life Assurance Company of Canada. Manulife and your group retirement plan.

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Plan for life

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  1. Plan for life Your group savings and retirement plan Under a Conveyance and Assumption Agreement, the Manufacturer’s Life Insurance Company assumed all of the liabilities of the Standard Life Assurance Company of Canada.

  2. Manulife and your group retirement plan Stronger now to serve you better.

  3. Manulife and your group retirement plan • Decision made to keep your group retirement plan on the same administrative system • Focus on making it simpler and easier for you • Innovative technology

  4. New Manulife look Statements Websites Forms Presentations Marketing materials

  5. What’s staying the same Investments VIP Room credentials

  6. Thank you

  7. Taylor Freezers 2017 Enrolment

  8. Key topics Retirement considerations Plan overview Investment options Tools and services Enrolment form Questions

  9. Sources of retirement income

  10. Sources of retirement income • Normal retirement benefit paid at age 65 • Maximum benefit is $1,114 but average is $558 per month • Early and late retirement benefit payments permitted CPP/QPP Canada Pension Plan: Max as of Jan 2017, Avg as of Oct 2016

  11. Sources of retirement income CPP/QPP • Maximum OAS benefit is $578 per month • OAS benefits are taxable • Indexed to inflation quarterly OAS OAS: Old Age Security, data as of 2017 11

  12. Sources of retirement income Your Group Plan CPP/QPP • Group Plan • Personal Savings • RRSP • TFSA • Non-Registered • Other YourPersonalSavings OAS 12

  13. Additional resources • For federal government programs like CPP/QPP and OAS • Benefits Finder – www.canadabenefits.gc.ca • Service Canada – www.servicecanada.gc.ca • Régie des Rentes du Québec – www.rrq.gouv.qc.ca • For provincial government programs like retirement housing, healthcare and drug coverage • http://www.seniors.gc.ca/ • For your Group Plan • Manulife member secure site – www.manulife.ca

  14. Why you should plan for your retirement

  15. Did you know? of Canadians have never saved for retirement, and 47% of those individuals were between 55-64 years old2 of Canadians expect to be fully retired at age 66 Down from 51% in 20081 Just 42% 19% 27% 50%of Canadians aged 50 and older believe they will run out of retirement savings within 10 years of leaving work3 have no idea how much they have saved for retirement3 One quarter (24%) do not know how much they will need to draw from their savings and investments every year during retirement3 1: Ipsos Reid Poll, February 20132: “The Future of Retirement: A new reality”, HSBC, February 20133: Investor Education Fund, Feb 2013

  16. Retirement risks and challenges • LONGEVITY

  17. Keys to retirement success Savings Time Investment return = Your retirement income

  18. Time. Start now, save more The following assumption was made for the purpose of the above calculations: 1 Based on term annuity to age 90 at 5 % and the % of salary were calculated for contributions, wages and retirement incomes that are not indexed as of the years. The table assumes you’re starting from scratch and that you’re saving enough to get 70% of your salary as retirement income when you’re 65.

  19. Plan overview

  20. Plan overview • Structured Retirement Plan (STRP) • Deferred Profit Sharing Plan (DPSP) • Employee Contributions • Employer Contributions • Minimum of $10 per pay period • 1% of annual earnings to a maximum of $100,000 • Contributions at employee discretion • 50% match up to the lessor of • 1.5% of annual earnings, • or $100,000 • Voluntary contributions • up to the CRA limits • No additional match Plan participation is voluntaryEligibility is first day of the month following 12 months of service DPSP vesting period is 2 years. Withdrawals not permitted Withdrawals from regular contributions will result in a suspension of DPSP contributions for 12 months (HBP & LLP excluded)

  21. Limit set by Canada Revenue Agency (CRA) 18% of previous year’s earned income up to a dollar maximum of $26,010 (2017) – Pension adjustment (PA) as found on your T4 + Unused contribution room Note: It is your responsibility to monitor your limits Check your Notice of Assessment How much can I contribute to my RRSP?

  22. Pay yourself first You contribute the same amount, yet your net pay is $168 higher! This example is for illustration purposes only

  23. Choosing your investments It’s simple and easy… You need to know two things to start investing: • Your investment period • Your investor profile

  24. Your investor profile Conservative You are basically a “saver”. You want the security of guarantees as you are very concerned about market volatility. Moderate You essentially want balance. You are more growth-oriented and will accept some risk to get better returns in the long run. Aggressive You are squarely focused on growth. You can accept short-term market fluctuations in order to get the maximum return over the long run.

  25. Investment options Please note that we do not recommend any particular investment strategy or fund, whether it is a sample investment mix or a personal investment selection, with or without the Lifecycle Movement and/or asset rebalancing services. Market-related funds are not guaranteed and the value of a member’s units will vary according to market conditions and the performance of the selected funds’ managers. We are not responsible for the returns of the selected investments. Furthermore, the selection of a sample investment mix, with or without the Lifecycle Movement and/or asset rebalancing services, is no promise or guarantee, explicit or implied, that selected investments will generate a satisfactory retirement income.

  26. Choosing your investments

  27. Investment options Option 1: Avenue Portfolios Choose an Avenue Portfolio, based on your investment period and investor profile. OR Option 2: A la carte Provide your custom investment instructions from the different funds offered in the plan.

  28. Option #1: Avenue Portfolios

  29. Option #2: A la carte

  30. Tools and services

  31. To access the VIP Room, both a USER ID & password are required New plan members receive two letters a few days apart: 1st letter – USER ID 2nd letter – Your temporary password Member VIP Room www.manulife.ca Reset your password online. Lost or forgotten your USER ID? Just call our Customer Contact Center at 1-800-242-1704

  32. VIP Room login page

  33. Member VIP Room

  34. Fund performance

  35. Information on manager Objective, style of fund Top 10 holdings Portfolio composition Gross rates of return Can be found at www.manulife.ca One-page summaries

  36. Member statement

  37. Customer Contact Centre 1-800-242-1704 • 8am to 8pm, Monday to Friday (EST) • Investment information and guidance • Help in completing forms • Account & legislation information • Answers to questions about saving for retirement • Help with investment changes

  38. Enrolment form Back Front

  39. Enrolment form – DPSP & STRP

  40. Enrolment form – DPSP & STRP

  41. Enrolment form – DPSP & STRP

  42. Enrolment form – STRP only

  43. Enrolment form – DPSP & STRP

  44. Enrolment form – DPSP & STRP

  45. Enrolment form – DPSP & STRP

  46. Enrolment form – DPSP & STRP

  47. Questions? www.manulife.ca 1-800-242-1704

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