Joining the Plan

There are 3 significant reasons why you should join the plan as soon as you become eligible: certainty, security and value.

Certainty – Your pension will be calculated using a formula that includes your pensionable earnings and your length of participation in the Plan. Using your own assumptions about these factors, you can accurately estimate the amount of your retirement pension at any time throughout your career.

Security – Members of the Plan will receive a secure monthly lifetime pension when they retire. The Plan assumes all the risk in providing sufficient funds to meet its obligations to you – for as long as you live.

Value – Your contributions represent only one-half of the cost of the benefits you will receive from the Plan. Your employer pays the other half by matching your contributions.

In addition to why you should join, there is some other important information you should know about joining. This section outlines:

• when you can join the plan,
• what happens if you work for more than one participating employer, and
• what happens if you move your employment from one participating employer to another.