Comments or questions about this newsletter? We’d like to hear from you! Please email us: info@mpfcanada.ca. | |
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There’s Real Value in Our Pension Plan. Retirement Savings Studies show that when individuals are left to save and invest on their own, they tend to save less than individuals who participate in a registered pension plan, especially in a Plan such as ours where the contributions are made by the Employers/Engagers.  Risk Pooling Risk pooling is desirable as it means spreading investment risk over a large group of individuals, such as the MPF Canada members. The Plan hires professional investment managers who invest in a diversified group of investments. This lowers the risk of investment loss.  Economies of scale Economies of scale means that something done in a larger way can be less costly than the same thing done in a smaller way. For the Plan, this means realizing significant cost savings for members through lower investment management expenses and fees on a per-member basis.  Professional oversight The operations of our Plan are guided by professional advisors. These include impartial investment consultants, who are not affiliated with any investment fund or company, and act only in the interest of our members; actuaries, who help ensure that our Plan is properly funded; and lawyers, who help ensure that our Plan meet all regulatory and legal requirements. Our Board of Trustees selects and oversees our professional advisors. The guidance our Plan receives is typically only available to individuals at significant cost. | |
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| Q. Do I start receiving pension payments automatically when I reach age 65?A. No, you don’t start receiving pension payments automatically when you reach age 65. You must contact the Fund office for an application and return the completed form to the Fund office. Once your completed application is received, the Fund will send you an Option Election form. Use it to indicate the type of pension benefit you would like to receive, and return it to the Fund office right away. Note: You’ll receive a letter in the year you reach age 65 letting you know you’re entitled to start receiving your benefit.
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Do We Have Your Correct Home Address and Email?
No? Not sure? You can check online by visiting the member self-service page or by writing to the Fund office: • Email: info@mpfcanada.ca • Post: Musicians’ Pension Fund of Canada;
200 Yorkland Blvd.; Suite 605, Toronto; Ontario M2J 5C1
Please tell us if your address has changed!
That way, we can be sure you get the benefit you earned when retirement time comes! | |
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