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St. Thomas University

St. Thomas University. Meeting agenda . Who we are What is changing Plan Overview Changes to OAS/CPP Investment Fund review Services and Support Simply Speaking Tools Next Steps. The Great West Life Assurance Company. Our organization. Our organization.

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St. Thomas University

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  1. St. Thomas University

  2. Meeting agenda • Who we are • What is changing • Plan Overview • Changes to OAS/CPP • Investment Fund review • Services and Support • Simply Speaking Tools • Next Steps

  3. The Great West LifeAssurance Company

  4. Our organization

  5. Our organization $201.1* billion in assets under administration serving more than 12 million Canadians….. Or 1 in 3 Canadians does business with us! *as at Sep 30, 2011 (www.greatwestlife.com Quarterly Results)

  6. What is Changing

  7. Why and How • Your Pension Committee - • Went through a proposal process and chose GWL • Decision - • Your Pension is moving from BMO to Great-West Life • Your Total Assets • Transferred from BMO in a lump sum in October • Applications: • Each member must complete a Member Application

  8. Plan Overview

  9. Group RPP Full Time Staff/Faculty – Date of Employment Part Time Faculty – Upon Reaching “Level 2” Eligibility What Members contribute You contribute 6% (5% if salary is < $40,000) What the University contributes Your employer 7% RRSP - Voluntary Contributions Up to Your personal allowable per CRA When do the Contributions vest Immediately CRA T.I.P.S. Automated Services 1-800-267-6999 *RRSP contribution limit is 18% of previous years salary up to a maximum of $22, 970 (for 2012)

  10. Can you save more?It’s easier than you think! *Tax rates subject to change Amounts Vary Salary based on $40,000 per year

  11. Investment management Fees Retirement Savings Retirement Savings Balance Assumptions: 6% Rate of Return $200 per month contributions (employer and employee contributions) 30 year saving period (Age 30-65) Investment Management fee difference – 0.50 % St Thomas University versus 2.0% privately Monetary Difference - $66,210 (approximately)

  12. Changes to OAS/CPP

  13. Changes to OAS • Changes to commence April 2023- 2029 • Increase in age to 67 before eligible • If born prior to March 31, 1958 – No change • Applies to both OAS and GIS

  14. Changes to the Canada Pension Plan • CPP retirement pension amounts Increase if taken after age 65 (42% more pension at age 70) • CPP retirement pension amounts Decrease If taken before age 65 (36% less pension at age 60) • Work Cessation rule changes • Working while receiving your CPP retirement pension • Impact of low or zero earning years to your CPP retirement pension amount calculation Source: www.servicecanada.gc.ca (1-800-277-9914)

  15. Market Update

  16. Asset classesWhat kind of investor are you?

  17. Canadian Equities 1950 - 2011 Tech bubble bursts, 911 Terrorist attack Nixon resigns over Watergate Gulf War Launch of Sputnik Cuban Missile Crisis Afghanistan, Iraq, North Korea House bubble bursts, Credit Crunch

  18. Canadian Equities Annual Rates of Return Source: Canadian Institute of Actuaries (1924 to 1955); Toronto Stock Exchange (1956 to 2011)

  19. What kind of investor are you?

  20. What kind of investor are you? 1st Step… Your investment personality questionnaire should be reviewed on a regular basis or whenever you have a substantial change in your life. Investment Personality Questionnaire • How long has it been since you looked at your profile? • Have you had a major Life Change? • Marriage • Children • Divorce • Death • Illness

  21. What kind of investor are you? Investment personality questionnaire Conservative investor Moderate investor Balanced investor Advanced investor Aggressive investor Asset classes Fixed income Foreign equity Canadian equity Balanced

  22. The “Hands On” approach ? • Build your own…. • You choose your own asset mix • You monitor your investments • You know your investor style • You have a well balanced portfolio Need help with fund selection? Investment menu and fund reports

  23. The “Hands off” Approach Asset allocation funds Simple yet sophisticated...

  24. Target Risk - 5 different profiles

  25. Target Date Funds Current portfolio line-up Asset mix of fund line-up in 2010 2050 Fund 2045 Fund 2040 Fund 2035 Fund 2030 2030 Fund 2025Fund 2020 Fund 2015 Fund 2010 Fund

  26. Investments

  27. Target Risk Funds • Target Date Funds • Balanced Funds: • Beutel Goodman Balanced • CC&L Balanced • Fixed Income Funds: • Beutel Goodman Bond • London Capital Bond Index • Mortgage Fund • Specialty Equity Funds: • GWLIM Real Estate • Mackenzie Resource Fund New Investment Platform: • Canadian Equity Funds: • London Capital Dividend Fund • Beutel Goodman Canadian Equity • Beutel Goodman Pure Canadian Equity • GWLIM Ethics Fund • Renaissance Small Cap • U.S.Equity Funds: • AGF American Growth Equity • TDAM U.S. Equity Index • Global Equity Funds: • Mackenzie Foreign Equity • International Equity Funds: • Sprucegrove International Equity

  28. Investment Changes - Mapping your funds Previous Fund New Fund Integra Conservative Moderate Profile Integra Strategic Balanced Profile Integra Growth Advanced Profile Default Fund – Target Risk Determined based on Estimated Date of Retirement

  29. Previous Fund New Fund Canadian Funds: Integra Canadian Value Growth Fund Beutel Goodman Pure Canadian Equity Integra Equity Fund Beutel Goodman Canadian Equity Fixed Income Funds: Integra Bond Fund Beutel Goodman Bond Fund International Funds: Integra International Equity Fund Sprucegrove International Equity U.S. Funds Integra US Value Growth Fund AGF American Growth Equity

  30. Previous Fund New Fund Balanced Funds: Integra Balanced Fund Beutel Goodman Balanced Fund Speciality Funds: Integra Ethical Growth Fund GWL Ethics Fund Cash and Equivalents: Integra Short Term Investment Fund Money Market Fund Special GIC 1 Year 1 year GIA Special GIC 3 Year 3 year GIA Special GIC 5 Year 5 year GIA GIC 5 year 5 year GIA

  31. You make the Choice Make a Choice for you You choose where your money is invested in the new plan If you do not Choose Your Investments will automatically be re- invested according to Specific Fund Mapping

  32. Services and support Support from enrolment to retirement years

  33. Education Sessions Statements www.grsaccess.com Newsletters & Handouts Retirement Illustrations 1-800-724-3402 Services & support

  34. Your Retirement Guide or YRG For New Members

  35. GRS Access • Account balances • Change investment instructions • Process inter-fund transfers • Retirement planning tool • On-demand statements • http://www.grsaccess.com/ Access ID: DEMO Password:ONLINE4U

  36. GRS Access - Smart tools • Online articles, videos, calculators, e-magazines • Offered in levels to suit you • Getting started • Getting serious • Getting close • One stop education and information through home page

  37. Calculators …

  38. Calculators …

  39. Services & support Newsletters and Individual Articles - English

  40. Education

  41. Education “Getting Started” – New members “Getting Refreshed” – For existing members “ Getting Close” – For those within 10 years of retirement Webex great alternative to a live meeting One on One’s additional service members should attend a group session first members feel that it was a useful exercise

  42. Next Steps

  43. Next Steps • Pick up Enrollment guides • Fill out Application - Deadline: • Make Investment Choices • Book One-on-one Session (if required)

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