IBEW Local 894 - Pension Plan

Pension Trustees

Forms


Retirement Kits

New retirement kits from Manulife are available for pick-up at the office. Please contact Sue for additional information.

RRSP Tax Reporting

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.

Reuter Benefits Provides Members with No Cost Investment and Retirement Counselling

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.

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