Workshops & Information Sessions

The pension plans at Western are defined contribution plans (also called capital accumulation plans). Both Western 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.

Human Resource Services and Sun Life Financial offer education programs to assist members in understanding and evaluating their responsibilities and options as they navigate their journey towards retirement.


Retirement Income Planning - Workshops in June

Retirement income can be paid in many forms, each with its own rules, advantages and restrictions. This three-hour seminar will provide participants with detailed information about the various sources of retirement income – government and employer-provided, as well as individual savings. We will also discuss the advantages and disadvantages of different options available to Western retirees at retirement. Using an example, we illustrate how to piece together various sources of income to form a complete retirement income picture. If you have previously attended the Full-day Financial & Pre-retirement Planning Workshop you will find the content is based on the Sources of Retirement Income and Investing for Retirement modules.

Note: Human Resources recommends that employees be supported in attending this session by being granted paid time off to attend where the session occurs during an employee's normal work hours. Approval for time away from work is at the discretion of the leader and subject to the needs of the unit.
Registration is open for the following dates:

  • Wednesday, June 19th from 5:00 pm to 8:15 p.m. (a light working dinner will be provided)
  • Thursday, June 20th from 9:00 am to 12:00 p.m. (refreshments will be provided)
  • Thursday, June 20th from 1:30 pm to 4:30 p.m. (refreshments will be provided)

Who should attend: Faculty and Staff members aged 50 plus who are formalizing their retirement income plan. 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 outlined in the instructions below and email bollson@uwo.ca indicating your spouse will be joining you. Please include the first and last name of your spouse.

To Register: Log in to My Human Resources, choose Training, then Enroll in Internal Training Courses. Search by Course Name Retirement or by Course Number RETINC.

Note: If a session date listed above does not appear when you login it means the session is already full. You may check back later, as an opening may be created by a cancellation. There is no waiting list for this session.

Read detailed registration instructions.

 


Full-day Financial and Pre-retirement Planning Workshop

Plan your journey to retirement! The sessions are facilitated by an external consultant who will lead an unbiased discussion of the role of the Western pension, government pensions and private savings in retirement income planning. Additional topics may include preparing for the transition into retirement, investing in retirement, and tax planning.

NOTE: Participation in the full-day workshop is intended only once in your career. Please contact Human Resources if you wish to discuss the timing of your attendance. As well, Human Resources recommends that employees be supported in attending this session by being granted paid time off to attend where the session occurs during an employee's normal work hours. Approval for time away from work is at the discretion of the leader and subject to the needs of the unit.

Registration is open for the full-day pre-retirement planning workshop. 2019 workshops are on the following dates:

  • Wednesday, August 14, 2019
  • Tuesday, October 29, 2019

Who should attend: Faculty and Staff members aged 45 plus who are considering retirement within the next 10 years. 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 outlined in the instructions below and email.

To Register: Log in to My Human Resources, choose Training, then Enroll in Internal Training Courses. Search by Course Name Retirement or by Course Number RETWFD. NOTE: If a session date listed above does not appear when you login it means the session is already full. You may check back later or email bollson@uwo.ca to be placed on a waitlist.

Read detailed registration instructions.


Annual Pension Plan Member Updates - May 2 & May 7, 2019 - Complete - Thanks for attending!

Once a year, we invite members to come together as we review Pension Plan highlights, talk about what is on the horizon and review the support available to members in managing their account. Cara Bourdeau, Western HR Consultant will lead two sessions:

At an afternoon session on May 7, in addition to the plan member update, those attending will also see a special guest presentation. Western Associate Professor Dr. Shahbaz Sheikh of DAN Department of Management and Organizational Studies will share insights from his research on Corporate Social Responsibility (CSR) and firm value.

Session 1:  May 2 (no guest)
Time: Noon to 1 p.m.
Location: University College Room 2105

Session 2:  May 7 (with guest Dr. Shahbaz Sheikh)
Time:
4:30 to 6 p.m.
Location:
University College Room 2105

View the Member Presentation that is being made at both sessions above

Who should attend: These sessions are relevant to all plan members, regardless of age or stage of planning.

Registration: No registration necessary; seating is first-come-first-served.


Free Online Webinars

Throughout the year Sun Life Financial hosts live online webinars on a variety of interesting and informative topics to help you manage your money, invest with confidence and plan your retirement. Registration opens eight to ten weeks before each scheduled webinar.

Investing with Confidence: Part 1- available on demand now.

Visit the Sun Life webinar webpage to browse the full list of topics and dates for upcoming live webinars, and to register.


Special Presentations - May 2019 - Complete!

1. The Transition to Retirement 

View the Transition to Retirement Presentation Slides
View the Transition to Retirement Guide

Moving toward retirement is full of both daunting challenges and new possibilities. You should ask yourself: “What do I want to do with my time and energy when I am no longer working full time?” It is never too early to consider the future, and this training will appeal to people of all ages. This seminar will help participants plan early to set retirement goals in all areas, explore available resources, and identify ways to overcome any possible obstacles in reaching their goals. At the end of this seminar, participants will be able to do the following:

  • Recall the five emotional stages of retirement
  • Discuss how to have a successful transition into retirement
  • Recognize the importance of planning the various areas of their lives

Date/Time:  Complete

2. Canada Pension Plan (CPP) and Old Age Security (OAS)- presented by Service Canada

The government pension programs - CPP and OAS - provide the foundation of retirement income for Canadians. Led by a specialist from Service Canada, this session will help you understand these benefits, acquaint you with the resources available online and guide you on next steps.

Date/Time: Complete

3. Retirement Readiness Part 1: The assessment and foundation

This session discusses the importance of creating a retirement spending plan and assists the participant in understanding the various sources of retirement income. A high level overview of workplace and personal savings sources will help participants to begin to build their plan. Participants will walk away from the session with an action plan to create a stable foundation using CPP and OAS.

Date/Time: Complete

4. Retirement Readiness Part 2 – Your retirement roadmap

This session will continue to build on the concepts established in Part 1 and also explore retirement income risks and retirement income solutions that help to mitigate against those risks, including a more in depth discussion around guaranteed income using an annuity.  Participants will learn about the benefits of the Sun Life Retirement & Savings Plan for Western Retirees and will be provided the next steps for their retirement roadmap.  It is not required that you attend Part 1 first.

Date/Time: Complete

5. Western Retiree Panel Discussion

Who better to lead a discussion about retirement than Western colleagues who have already retired!  In this session retired faculty and staff will share about their experience from making the decision, to living the “retired” life.  You will be inspired by what these retirees have been up to and have a chance to ask your questions of those who have gone before you!  Our generous panel members are Deborah Acton, Kim Holland, Dr. Susan Koval, Professor Madeline Lennon and Dr. Jerry White.

Date/Time: Complete


Financial Literacy Month - free workshops in November

Watch this space for our 2019 Financial Literacy sessions. 

Financial wellness is an integral part of our overall wellness. Each year in November, Western Human Resources celebrates Financial Literacy Week by presenting free financial workshops. Financial literacy is about having the knowledge, skill and confidence to make responsible financial decisions. Our 2018 session topics included:

  • Understanding the Value of your Western Pension Plan – designed to ensure members are taking full advantage of all that the Western Pension Plan has to offer.
  • Investing with Confidence: Part 1 -  an introduction to the fundamentals of investing and building a diversified portfolio to help meet your personal savings and retirement goals.
  • Where There's a Will, there's a Way (Webinar) – showing you how to provide for your family in the event of your death.
  • Are you retirement Ready? The Sun Life Retirement & Savings Plan for Western Retirees - all you need to know about the Sun Life Plan.


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