In Concert provides pension plan updates and explains how your pension plan works.



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The Importance of Your Pension Benefit—and Retirement Planning

Your pension benefit is an important part of your retirement savings. That’s why professional advisors guide Plan investments—to ensure your pension benefit continues to grow and is there when you’re ready to retire. This group includes:

  • 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.
  • Lawyers, who help ensure that our Plan meets all regulatory and legal requirements.
  • Our Board of Trustees, who select and oversee our professional advisors.

Your pension offers you a distinct advantage in retirement: regular monthly income. And although it will provide some level of financial security, your pension should not be the only piece of your retirement strategy.

Many factors have an impact on your financial security, and being proactive now will help ensure that you’re able to meet—or exceed—your retirement goals. The sooner you start planning for your future, the better off you’ll be when you decide to stop working.


Start saving now (if you haven’t already)

The average life expectancy continues to rise, which means you’ll need to stretch your retirement savings even further. This translates to saving more for a longer retirement. And the earlier you begin saving, the better your chances are of saving enough money to see you through.

Get advice

Planning for retirement can be confusing and stressful. It’s important to consider whether or not you need help from an independent financial planner who has firsthand knowledge of all your retirement planning options and can help you develop the right plan to meet your retirement goals.

Invest in your future

Not all retirement investment options are created equal. Investing in stocks and bonds is riskier than investing in an annuity—but your returns could be higher. You will want to plan your investments with your financial advisor. And as you age, you may need to occasionally make adjustments to ensure your investments keep your portfolio in line with the amount of risk you want to take on as you get closer to retirement.

Ready to retire?

If you’re getting ready to retire, be sure to file your completed pension application form at least three months before the date you intend to retire. You will also need to submit proof of age for yourself and your spouse with your application. Proof of marital status may also be required. If you have questions, contact the Fund Office at 416-497-4702 or visit


This notice is for informational purposes only. The Fund is required by law to send this notice each time an actuarial valuation is filed.

January 1, 2021 Actuarial Valuation

An Actuarial Valuation of the Plan was performed as of January 1, 2021. It showed the Plan is funded 110.78% on a going-concern basis. This means that as of January 1, 2021, the Plan’s assets more than covered the costs of accrued benefits, based on the assumptions, including that the Plan will keep operating indefinitely.

Under pension law, the Actuary must also do a solvency valuation on a “wind-up” basis as of January 1, 2021. This valuation assumes the Plan ceases to operate, liquidates all its investments, and pays out all benefits as of the valuation date. Measured this way, the Plan’s assets would cover 67.39% (the transfer ratio) of the benefit costs.

Please note that this situation is purely hypothetical and the Trustees have never discussed or considered the possibility of a plan windup. The Trustees expect that the Plan will continue indefinitely.

Board of Trustees
Musicians’ Pension Fund of Canada

Registration number 0215145

200 Yorkland Blvd, Suite 605
Toronto, Ontario M2J5C1

Year-End Engagements

If you have a year-end engagement that runs into the following year (i.e., December 15, 2021, through January 15, 2022), your contributions may be pro rated for each year and will appear as prorated amounts on your annual statement. Annual statements are mailed to you once a year, but you can also see a list of engagements for which contributions have been received and processed for you at Once you sign in, click on the Contributions tab.


Musicians’ Pension Fund of Canada

200 Yorkland Blvd.

Suite 605, Toronto

Ontario M2J 5C1

tel: 416.497.4702

fax: 416.497.4742

toll free: 1.888.462.6666

Questions and/or comments
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