Western's Retirement Plans
- Retiring from Western
At retirement, you will have options available to convert your pension savings into a pension income. Today these options include:
- Annuity Purchase
- savings are provided to an insurance company which will pay you a stable income for life
- Retirement Income Fund (RIF)
- you retain responsibility for investing your pension funds and draw a variable payment
The Western RIF allows retiring members the option to leave their investments at Western, instead of transferring accumulated retirement income to another financial institution. Transferring your funds outside of Western to an institution of your choice is an option. Funds will need to be administered as required under provincial pension law.
Retirement counselling is available through Human Resource Services. To assist you in your retirement planning, we recommend that you meet with a Pension Consultant within two to five years of your planned retirement date. If you wish, you may also invite a spouse or trusted family member or friend to participate in the meeting. To book an appointment call the Human Resources Communication Centre at 519-661-2111 x82194 or email hrhelp@uwo.ca
Other Resources
Also from this web page:
Quick Links
Back to Retirement Plan Homepage
Investment Reporting
Workshops and Planning Tools
Retirement Plan Governance
Retirement Information
Glossary of Terms
