Group Retirement Savings Plan
As per the NABET 700-M Unifor/CMPA Collective Agreement, any technician working on a NABET 700-M Unifor production can benefit from the Registered Retirement Savings Plan (RRSP), also known as Policy #57161002. It's a great opportunity to participate in the Plan through required payroll deductions, and you can also enjoy the added benefit of a Producer match in contributions to the Plan.
Where to
start?
For more information, please click or tap on the arrow next to the subject of interest.
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Any technician employed on a NABET 700-M UNIFOR production, pursuant to the NABET 700-M UNIFOR/CMPA Collective Agreement.
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Immediate
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●Required to receive producer match
●Percentage of earnings received under a NABET 700-M UNIFOR contract as per the NABET 700-M UNIFOR/CMPA Collective Agreement
●Payroll deduction
●You may transfer RRSPs in
●Additional Voluntary Contributions through payroll or on a lump sum basis
●Spousal Contributions are allowed
●Contribution maximum as prescribed in the Income Tax Act
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A percentage of gross compensation as specified in the NABET 700-M UNIFOR/CMPA Collective Agreement
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First four transfers are free per year, thereafter a $25 transfer fee will be (Manulife charge) deducted from transfer amount for paper transactions.
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Please call Manulife Financial directly at 1 (888) 767-7766; you will need your group policy no. and customer number to speak with a Client Services Representative.
● Plan Member may withdraw the Plan Member portion of their account once per calendar year; an administration service fee of $100 will be charged by Manulife Financial and applicable withholding taxes will be deducted.
● Additional Plan Member and the Producer portion is restricted unless Plan Member has terminated, retired, becomes disabled or deceased, Life Long Learning Program or Homebuyers Withdrawal Program or experiencing financial hardship.
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Financial Hardship is defined as risk of eviction from rented or owned home, requirement to secure a rental residence, medical treatment, residential renovations to accommodate special needs, and no income due to lack of work. Approval of plan administrator required and administration service fee and withholding taxes apply. Please call your Plan Administrator, Mary-Anne Rogers at Matheis Team Financial, (905) 837-2600.
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If Plan Member is no longer affiliated with NABET 700-M UNIFOR your account will be terminated.
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An Administration Service Fee of $100, will be charged by Manulife Financial for ALL withdrawals and at termination.
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RRSP - Retirement Date Fund 2025
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Wide Range of Investment Options:
Asset Allocation, Retirement Date, and Index Funds
American Stock Funds, Balanced Funds, Bond Funds, Canadian Equity Funds, Equity Growth Funds, Fixed Income Funds, Short Term Securities, International Equity Funds, International Bond Funds, Socially Responsible Funds
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Call Manulife Financial at 1 (888) 727-7766
Website: www.manulife.ca / GRO, Email: gromail@manulife.com
Please contact your Plan Administrator for assistance and/or investment advice, or email any of the following at (905) 837-2600:
Mary-Anne Rogers, mary-anne@matheisteam.com
Talia Lane, talia@matheisteam.com
Geoff Campbell, geoff@matheisteam.com
Doug Lagasse, doug@matheisteam.com
Michael Asadoorian, masadoorian@matheisteam.com
We also count on two other policies:
Tax-Free Savings Account (TFSA), Policy #41001002
For those incorporated Members & Permittees with lower taxable income causing an over-contribution for income tax purposes. Proof will be required by providing your Plan Administrator with a current Notice of Assessment indicating little or no RRSP room available, which must be updated annually.
Non-Registered Savings Plan (NREG), Policy #40001002
For those Members & Permittees who are ineligible to participate in an RRSP due to age restrictions.