All general enquiries concerning the Â鶹AV Pension Plan should be referred toÌýÂ鶹AV Savings ProgramÌýwith Sun Life Financial at 1-888-444-2023 or by using the
Universal Toll-Free Number.Ìý To send documents to Sun Life, please use theÌý
For members who joined the Plan on orÌýafter January 1, 2009
For those employees who became eligible to join the Â鶹AV Pension Plan on or after January 1, 2009, the Pension Plan is a defined contribution plan (Part B). You and the University each contribute a certain amount to the plan every pay. You choose how you wish to invest these contributions from a range of investment options provided through the plan. When the time comes to settle, you use your pension account balances to provide a retirement income.
To learn more, please refer to theÌý Â鶹AV Pension Plan - Defined Contribution (Part B) Brochure.Ìý
Plan Fees:
- Investment Fees: investment fees can be found on the Sun Life secure site using Morningstar®.
- Record Keeping Fees:Ìý $109.99 per year (since September 2024) including taxes and an annual indexation
For members who joined the Plan prior to January 1, 2009
If you joined or were eligible to join the Â鶹AV Pension Plan prior to January 1, 2009, the Pension Plan is a hybrid plan. First, it’s a defined contribution plan. You and the University each contribute a certain amount to the plan every pay. You choose how you wish to invest these contributions from a range of investment options provided through the plan. When the time comes to settle, you use your pension account balances to provide a retirement income.
But to protect against the investment risks inherent in a straight defined contribution plan, the Â鶹AV Pension Plan includes a defined benefit minimum.
To learn more, please refer to theÌý Â鶹AV Pension Plan - Hybrid (Part A) Brochure
Plan Fees:
- Investment Fees: Investment fees can be found on the Sun Life secure site using Morningstar®.
- Record Keeping Fees:Ìý $177.29 per year (since September 2024) including taxes and an annual indexation
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