Retirement Plan Workshops & Information Sessions
The pension plans at Western are defined contribution plans (also called capital accumulation plans). Both the University and the member make contributions to an account in the member’s name, and the member owns all of the money in the account. It is the responsibility of each member to make decisions on the investments held within their account. When a member leaves Western or retires there are a number of options for the accumulated savings.
The options and decisions to make, both during membership and when it’s time to leave or retire, can be complex. To assist members in understanding and evaluating their responsibilities and options, Human Resource Services offers several education and communication programs. These can help you to plan and monitor progress on your journey towards your retirement goals.
Financial Literacy Workshops for Western Employees
– November 2012
November is Financial Literacy Month - a great time to think about improving your financial knowledge.
Western Human Resources is pleased to offer three financial literacy workshops to help you develop the knowledge, skills and confidence to make financial choices and decisions that are right for you. Come to one, or come to all three workshops!
All sessions run 12:05 to 12:55 p.m. No registration is required. Seating is limited so come early!
Dollars & Sense: Personal Financial Management.
Nov. 21 at 12:05 p.m., in Talbot College, Rm. 343
Topics: Budgeting, credit mistakes, and debt management strategies that work!
Saving 1, 2, Free!
Nov. 22 at 12:05 p.m., Physics & Astronomy, Rm. 34
Topics: Great savings options, including using your voluntary pension account, RRSPs or a Tax Free Savings Account to get tax relief and save big for your journey to retirement!
Investing 101: Your Western Pension
Nov. 23 at 12:05 p.m. in UCC, Rm. 53
Topics: It’s up to you to choose the investment mix that is right for your Western pension. Come and learn about your options, and the varying degrees of risk associated with each of them.
Full-day Financial and Pre-retirement Planning Workshop
Plan your journey to retirement! Registration is now open for the popular full-day Financial & Pre-Retirement Planning Workshops. Workshops for 2013 are on the following dates:
- Friday March 1st, 2013
- Thursday May 9th, 2013
- Friday August 16th, 2013
- Tuesday October 29th, 2013
These workshops are aimed at members aged 45 plus and considering retirement within the next ten years. Led by The Financial Education Institute of Canada, participants will examine the roles of employer-sponsored pensions, government pensions and private savings in retirement income planning.
Additional topics include lifestyle/lifecycle planning, investing in retirement and tax planning. Past participants have found the workshop to be informative, engaging and an important first step in setting a financial and life plan for retirement.
The sessions are open to all members of the Academic and Administrative Staff pension plans. Spouses are welcome and are encouraged to attend with the plan member. If your spouse will be joining you and is also an employee they should register themselves as outlined below; if your spouse is not an employee please register yourself as outline in the instructions below and email cara.bourdeau@uwo.ca to register your spouse.
Registration: Login to My Human Resources, choose "Manage Training Registration", then "Enroll in Internal Training Courses". Search by Course Name "Retirement" or by Course Number "RETWFD".
Read detailed Registration instructions.
NOTE: attendance at the full-day workshop is permitted only once in your career. Please contact HR if you wish to discuss the timing of your attendance.
Annual Member’s Meeting
The Annual Meeting is a great opportunity to increase your understanding of Western’s retirement plans, see investment trends among your peers, talk about returns, and learn about fees. You’ll have the chance to gather information that will help you make investment decisions and plan your journey to retirement.
- Dates for Spring 2013 will be posted in early 2013
