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Defined Contribution Pension Plan

A savings plan in which both employer and employees make pre-defined contributions that are generally based on a percentage of employee salary.

Contributions are tax deductible and accumulate on a tax-deferred basis. Amount accumulated is used to determine annuity amount payable upon retirement.

Features

  • In most cases, members provide their own investment instructions for the amounts contributed on their behalf.
  • Funds accumulated cannot be withdrawn before retirement and must be used to purchase an annuity.
  • These plans are generally better suited to employers who want to help their employees build an income for retirement.

Advantages

  • Complete range of services to set up and maintain the plan.
  • Advisory services to help design the plan and investment strategies.
  • Plan sponsors receive ongoing support, expertise and accessibility of our specialists.
  • Complete documentation provided, as required by law.
  • A wide variety of investment options and strategies from various fund managers.
  • Participants receive support and assistance in understanding their plan and the investment options available to them.
  • Strict quality control measures ensure our plan sponsors' peace of mind.

Find out more

Contact an advisor at a caisse or an account manager at a Desjardins Business Centre.

How to get this product
At the caisse At the caisse
Make an appointment with an advisor at a caisse.
At a Desjardins Business Centre At a Desjardins Business Centre
Make an appointment with an account manager at a Desjardins Business Centre.
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