Retirement Savings Plan for Garda Canada Security Corporation

Retirement Savings Plan for Garda Canada Security Corporation

Teena DawsonEducation AdvisorSeptember 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

When shouldyou think about retirement?

$150 invested over 25 years = $45,000 4% average annual return

$100 invested over 25 years = $30,000For illustration purposes only - does not promise any guarantees or rights to the benefits

How muchshould you save?

$35,000

How muchshould you save?

JohnIncome before $35,000retirement

How much will you need for a comfortable retirement?

Income beforeretirement

Income neededat retirement(in today's dollars)

$24,500

x 70%

How muchshould you save?

What kind of lifestyle is most like you?

JOANNE SAMNICK AND

KAREN

MICHAEL AND

SOPHIE STEPHEN

Retirement income $30,000 $40,000 $50,000 $60,000 $70,000

Personal Savings Required

$225,000* $375,000*$500,000*

*$675,000*

*$850,000*

*Based on a single life only annuity guaranteed 10 years **Assumes a joint life 60% survivior annuity guaranteed 10 yearsAll assume CPP/QPP and OAS benefits, an interest rate of 4.5% and pension amounts are indexed with inflation at 2%.For illustration purposes only - does not promise any guarantees or rights to the benefits.

Wherewill your money come from?

Wherewill your money come from?

Canada Pension Plan (CPP)

Old Age Security(OAS)

Government

programs Group Registered

Retirement Savings Plan (Group RRSP)

Your company

retirement plan Individual RRSP

Non-Registered Plan

Your personal

savings

Government plans only replace between 20% and 40% of your average annual income.

Wherewill your money come from?

ELIGIBILITY

AVERAGE

MONTHLY

BENEFIT

MAXIMUM

MONTHLY

BENEFIT

CanadaPension Plan (CPP)

Based on your contributions to the plan

100% of your entitlement at age 65 Reduced benefit if between ages of

60 to 64

$505 $960

Old Age Security (OAS)

Based on your residency in Canada Must be age 65 or older

$490 $524

Government plans

Your group retirementsavings program

Your group retirementsavings program

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%

Your group retirementsavings program

+Unused

contributionroom

Maximum of$22,450 (2011)

18%

Previousyear’s earned

income

Limit set by Canada Revenue Agency (CRA)

Check your Notice of Assessment

Visit: www.cra-arc.gc.ca or call: 1-800-959-8281

Contribution to your RRSP

=RRSP

contributionlimit

Where shouldyou invest?

Where shouldyou invest?

Investor profilequestionnaire

Reflects your retirement goals, personal situation and risk tolerance

Where shouldyou invest?

Investor profiles

Fixed income fundsCanadian equity fundsForeign equity funds

Where shouldyou invest?

Risk versus return

Where shouldyou invest?

Your investment funds, your way

Two options:

1. Diapason Portfolios

2. Select your own combination of funds

Where shouldyou invest?

Two options:

1. Diapason Portfolios

Choose the one that matches your investor profile

Portfolio rebalanced on a regular basis

2. Select your own combination of funds

Where shouldyou invest?

Diapason Portfolios

Where shouldyou invest?

* Default fund

*

Two options:

1. Diapason Portfolios

2. Select your own combination of funds

Various investment options

Requires more investment knowledge and regular monitoring

Where shouldyou invest?

Select your own combination of funds:

Where shouldyou invest?

Where shouldyou invest?

Fund information

www.dfs.ca

Where shouldyou invest?

One page fund summaries

Information on manager

Objective, style of fund

Top 10 holdings

Portfolio composition

Gross rates of return

How to stayon target?

Participant services website

How to stayon target?

www.dfs.ca/participant

On Target Retirement

On Target Retirement

Participant statements

How to stayon target?

Summary and detailed information

Mailed to your home

Available online

Participant Services Centre

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

1-800-968-3587

What areyour next steps?

What areyour next steps?

1. Read through the material

2. Complete Investor Profile Questionnaire

3. Choose your investments

4. Ask questions

5. Complete the enrolment form and return to Harry Mesman at UFCW

Enrolment and Investment Instruction forms

What arethe next steps?

1. Complete your personal information

2. Appoint your beneficiaries

3. Appoint a trustee(if beneficiary is a minor)

4. Determine your contribution amount

5. Determine your investment option

1. Option 1 – Diapason Portfolios

2. Option 2 – Build your own

6. Sign your forms

Questions and Answers