| Jim Horvath | Ron Smith | ||
| Paul Robitaille | Jody VandeMoosdyk | ||
| Gerry Scratch |
Complete this form to make a withdrawal or transfer from your RRSP.
The member's signature is required
on the bottom of the form. Submit the form, along with $40.00, and the "Withdrawal
Acknowledgement Form" (see below) to the Union Office. To have the payment directly deposited
into a bank account, submit a void cheque.
Open Withdrawal Form
Please note that the “Withdrawal Acknowledgement Form” must accompany the “Withdrawal Form” in order for your withdrawal
or transfer from your Manulife account to be processed.
Open Withdrawal Acknowledgement Form
View an online copy of the Group RRSP & Defined Contribution Pension Plan Booklet for Members of IBEW Local 894. Booklets have been mailed to all plan members.
Enclosed with the January 2012 newsletter was an “IBEW Local 894 Survey” for active members. It is very important for you to complete and return this survey to the Union Office. Please note that including your name on the survey is optional. The Pension Trustees will use the member feedback in their decisions to improve the Group RRSP Plan.
View the monthly Group Plan Member Newsletter
The Pension Trustees have made a motion to direct all reciprocated pension funds for Local 894 Members into the Registered Pension Plan effective January 1, 2009. This motion was made to ensure that that funds are dealt with in compliance with the current Reciprocal Agreement and pension regulations set by the Canada Revenue Agency. All members who work outside Local 894 jurisdiction for other IBEW locals will be required to enroll in the Local 894 Registered Pension Plan program in order to receive the reciprocated pension funds. At present the Canada Revenue Agency regulations do not allow reciprocation of RRSP contributions. The Business Managers are currently in the process of having a reciprocal agreement for RRSP funds approved and until such an agreement is approved the above reciprocation rules will apply.
New retirement kits from Manulife are available for pick-up at the office. Please contact Sue for additional information.
In the past the IBEW Local 894 Union Office was responsible for full reporting related to RRSP contributions for
our members on T4A's.
The Canada Revenue Agency recently conducted a review of the tax reporting system and has requested
that IBEW Local 894 no longer report RRSP contributions on T4A's. It is the Employer's responsibility to report this
income on their T4's.
We have notified the Employers of this change and members will see their RRSP contributions on the T4's issued by their
Employers starting with the year 2007 T4's. It is important to be aware that the Employers have been advised to
include the December 2006 RRSP contributions on the year 2007 T4 as this amount was not included in the year
2006 T4A issued by the union office.
The Pension Trustees are pleased to announce that they have chosen a consulting firm to assist members with
their retirement program. Reuter Benefits provides members with independent investment and retirement counselling.
They conduct group meetings, one-on-one counselling sessions and provide written communications for the membership.
Members who would like to review their investment portfolio are advised to contact Lorna Stewart, Certified Financial
Planner, or Heather Bezruki, Account Manager, at 1-800-666-0142 or via fax at 1-888-634-0591.
or
may also be contacted via email.
Should you be approaching retirement and require assistance in determining your retirement income needs and options,
you may wish to contact Lorna. You are encouraged to use the
Retirement Budget Worksheet provided to assist you with your planning.