Active Member Accrual Rate set at 1.625% for 2021
The Pension Board is pleased to announce that the accrual rate for active plan members will be 1.625% in 2021. There will be no change to contribution rates. The accrual rate, which was set to return to 1.4% in 2021, will return to 1.4% in 2022.
Pension Increase to Retired and Deferred Plan Members Effective January 1, 2021
The Pension Board is pleased to announce that current pensioners. survivors and deferred members will receive a 2%* increase to their monthly pension benefit effective January 1, 2021. If you are receiving a pension, the increase will be added to your April 2021 pension payment, retroactive to January 1, 2021. If you are a deferred member, (that is, you terminated employment but left your entitlement in the Plan), the increase will be calculated and shown on your 2021 pension statement, which you will receive in June 2022.
* The Income Tax Act and regulations limit pension increases to the cumulative growth in CPI since the pension commenced. For this reason, recently retired pensioners and deferred members who terminated employment recently will see a lesser increase.
These improvements are possible because of adequate funding levels at the end of 2020, according to requirements set out in the Funding Policy.
Pension Information Seminar
Join us for the next Pension Information Seminar on March 9, 2021. Learn how your pension plan works, other ways to save for retirement and how to apply for your pension. Click here To register.
February is Black History (or African Heritage) Month here in Canada and the United States. It is a time to honour the contributions, acknowledge the struggles and celebrate the cultural heritage of people of African descent.
Efforts continue to improve our social consciousness as we strive towards more inclusivity here in North America.
LifeSpeak’s campaign will focus on recognizing systemic racism and dealing with its consequences on one’s mental health. Join the conversation during the “Ask the Expert” segment. This month’s topic: Let’s talk Racism: Your Questions answered.
- The English version will be with Daphne Magna, Founder & Principal Consultant, Tough Convos on February 24th at Noon ET. Add to your calendar.
- The French Version will be with Carla Beauvais on February 25th at Noon ET. Add to your calendar.
More information is available in both English & French
LifeSpeak’s campaign on Healthy Habits continues with the great discussion on Healthy Nutrition Habits.
Be sure to check out each week, as we get expert tips to help improve our Lifestyle habits including; sleep, nutrition, fitness and mental toughness.
There will also be “Ask the Expert” discussions so be sure to Add to your Calendar
Click here to “Engage” with the campaign.
Learn how to get started in English or French
Learn more about the Pension & Benefits statistics for 2021.
Please note that this Pension & Benefits summary is for information purposes only but provides details of key minimum and maximum values from government sources in one central resource that support payroll.
On January 18th otherwise known as ‘Blue Monday’, Canada Life will be hosting a live, interactive webinar entitled:
Caring to cope through COVID: stories of giving and receiving support.
From 1pm EDT, expert panelists will share real-life experiences and offer helpful tips on key topics such as; Self-care, Family support and building encouragement in the workplace during these Covid-19 times.
No Registration is required, just click on the event link a bit before 1 p.m. on Jan. 18.
Note: This is a Microsoft Teams Live event. Make sure you’ve downloaded the Teams app before the webinar.
This event is also available with French interpretation.
For French interpretation, please mute your computer audio and call into:
844-304-8920 Canada (Toll free)
Phone Conference ID: 480 803 954#
The LifeSpeak November campaign is focusing on nutrition and Diabetes Awareness Month. Learn about preventing Type 2 Diabetes, the impact it can have on your health, and information on understanding and managing Type 2 Diabetes.
Available in English and French. Continue reading “LifeSpeak November Campaign: Type 2 Diabetes”
Morneau Shepell are proud to launch their new microsite! Depression and the pandemic: a deep dive.
Through articles, an infographic and a video, the microsite explores:
- The relationship between COVID-19 and depression
- How to deal with financial insecurity and debt stress
- How physical activity can help with depression during the pandemic
- Facing loneliness during the pandemic.
Continue reading “Morneau Shepell mental health microsite is now live!”
When we can combine faster service with an environmental upside, it’s a no-brainer. With that in mind, Green Shield Canada (GSC) will be moving to a fully digital experience for claim payments later this year.
As of December 2020, in order to submit claims electronically on GSC’s Online Services site, you must have registered for direct deposit for your claim payments. Cheque payments will no longer be issued for claims submitted online. With this “greener,” contactless approach, you’ll receive your money from GSC faster, with payments conveniently deposited directly into your bank account. And you can rest assured that your personal banking information is totally secure.
Continue reading “Love the ease of online claim submission? Act now so you don’t miss out.”
This months LifeSpeak campaign is all about fighting the stigma around mental health. 2020 has been a year of tremendous uncertainty and unrest which has put a significant strain on many people’s mental health. Each week throughout October, LifeSpeak will be focusing on various different topics such as eating disorders, digital addiction, mental illness and trauma, body positivity, achieving work-life balance, and much more. Continue reading “LifeSpeak October Campaign: Mental Illness, Trauma, and Resilience”