Acera Insurance | Structurlam Group Retirement Plan

Structurlam Group Retirement Plan


Eligibility	Full-time employees following 3 months of employment
Participation	Voluntary
Regular contribution	Up to 2% of your earnings
Employer contribution	Structurlam will match your contributions up to 2% of your earnings
Voluntary contribution	Yes, you can join immediately and make regular contributions to the plan. You won’t be eligible for employer’s contributions until you’ve completed 3 months of employment. Once you are eligible you can still make contributions above 2%, however, it Is your responsibility to stay within CRA limits
Lump sums	You can make lump sum contributions up to 18% of your previous year’s income
Investment instructions	Each member will choose their investment allocation
Default fund	Fidelity Target Date Fund
Withdrawal rules	– Withdrawals are not allowed from the contributions made by the employer – Contributions you have made can be withdrawn – Withdrawals are permitted for CRA’s Home Buyers* and Lifelong Learning Plans* CRA’s Home Buyers: this program allows you to withdraw funds from your RRSP to buy or build a home for yourself or for a related person with a disability. The HBP allows you to pay back the withdrawn funds within a 15 year period. Lifelong Learning Plan: allows you to withdraw up to $10,000 in a calendar year from your RRSP to finance full-tome training or education for you or your spouse/common law partner.
Spousal RRSP	Yes

Joining Structurlam’s Group Retirement Plan is quick and easy.

1. Go to canadalife.com and click the sign in button.

2. Choose GRS Access and enter Access ID 3468673 and password Ag36KCtf.

3. Click on ‘Enrol’ to get started.

Amar Munjal, Acera Benefits

Phone 604.484.0121
Email amar.munjal@acera.ca