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Retirement Savings Plan for Garda Canada Security Corporation

Retirement Savings Plan for Garda Canada Security Corporation. Teena Dawson Education Advisor September 2011. Today’s Topics. Your retirement, your way Benefits of your plan Where should you invest? Staying on target Next steps. Let's talk about ... your retirement, your way.

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Retirement Savings Plan for Garda Canada Security Corporation

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  1. Retirement Savings Plan for Garda Canada Security Corporation Teena DawsonEducation AdvisorSeptember 2011

  2. Today’s Topics • Your retirement, your way • Benefits of your plan • Where should you invest? • Staying on target • Next steps

  3. Let's talk about ...your retirement, your way

  4. When shouldyou think about retirement? $150 invested over 25 years = $45,000 4% average annual return $100 invested over 25 years = $30,000 For illustration purposes only - does not promise any guarantees or rights to the benefits

  5. How muchshould you save?

  6. $35,000 How muchshould you save? How much will you need for a comfortable retirement? Income beforeretirement  x 70%  $24,500 Income neededat retirement(in today's dollars) John Income before $35,000retirement

  7. How muchshould you save? What kind of lifestyle is most like you?

  8. Wherewill your money come from?

  9. Wherewill your money come from? Governmentprograms Yourcompanyretirementplan Yourpersonalsavings • Canada Pension Plan (CPP) • Old Age Security(OAS) • Group Registered Retirement Savings Plan (Group RRSP) • Individual RRSP • Non-Registered Plan Government plans only replace between 20% and 40% of your average annual income.

  10. Wherewill your money come from? Government plans

  11. Your group retirementsavings program

  12. Your group retirementsavings program

  13. Your group retirementsavings program • Eligible to join after one year of service • Garda: $0.40 per hour contributed on a monthly basis • You: PAC or cheques • Withdrawals not permitted • Home Buyers' Plan and Lifelong Learning Program • Lower fees • Management: 1.50% • Investment: 0.20% - 0.80%

  14. Maximum of$22,450 (2011) 18% Previousyear’s earned income Your group retirementsavings program Contribution to your RRSP Limit set by Canada Revenue Agency (CRA) = RRSPcontributionlimit + Unusedcontributionroom Check your Notice of Assessment Visit: www.cra-arc.gc.ca orcall: 1-800-959-8281

  15. Where shouldyou invest?

  16. Investor profilequestionnaire Where shouldyou invest? • Reflects your retirement goals, personal situation and risk tolerance

  17. Fixed income funds Canadian equity funds Foreign equity funds Where shouldyou invest? Investor profiles

  18. Risk versus return Where shouldyou invest?

  19. Your investment funds, your way Where shouldyou invest?

  20. Where shouldyou invest? Two options: • Diapason Portfolios • Select your own combination of funds

  21. Where shouldyou invest? Two options: • Diapason Portfolios • Choose the one that matches your investor profile • Portfolio rebalanced on a regular basis • Select your own combination of funds

  22. Where shouldyou invest? Diapason Portfolios * * Default fund

  23. Where shouldyou invest? Two options: • Diapason Portfolios • Select your own combination of funds • Various investment options • Requires more investment knowledge and regular monitoring

  24. Where shouldyou invest? Select your own combination of funds:

  25. Fund information Where shouldyou invest? www.dfs.ca

  26. One page fund summaries Where shouldyou invest? • Information on manager • Objective, style of fund • Top 10 holdings • Portfolio composition • Gross rates of return

  27. How to stayon target?

  28. Participant services website How to stayon target? www.dfs.ca/participant

  29. On Target Retirement

  30. On Target Retirement

  31. Participant statements How to stayon target? • Summary and detailed information • Mailed to your home • Available online

  32. Participant Services Centre 1-800-968-3587 How to stayon target? • Investment information and guidance • Information about your account and plan • Interfund transfers • Completing forms • Available from 8 a.m. to 8 p.m. EST, Monday to Friday

  33. What areyour next steps?

  34. What areyour next steps? • Read through the material • Complete Investor Profile Questionnaire • Choose your investments • Ask questions • Complete the enrolment form and return to Harry Mesman at UFCW

  35. Enrolment and Investment Instruction forms What arethe next steps? • Complete your personal information • Appoint your beneficiaries • Appoint a trustee(if beneficiary is a minor) • Determine your contribution amount • Determine your investment option • Option 1 – Diapason Portfolios • Option 2 – Build your own • Sign your forms

  36. Questions and Answers

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