WHAT YOU NEED TO KNOW
The Group Registered Retirement Savings Plan (RRSP) is a voluntary way to build additional retirement savings through payroll deductions. Your contributions are tax deductible and investment growth is tax deferred until money is withdrawn.
Eligibility and Enrolment
You can join the Group RRSP on the first day of any month after completing one year of continuous employment. Enrol through Workday by choosing your contribution amount, then log in to Sun Life to register your account, choose or change your investments, and designate or update your beneficiary.
Note: If you do not work for Stablex, you must join the DCPP before joining the Group RRSP or TFSA. Joining the DCPP first helps ensure you do not miss out on company matching contributions.
Contributions
You decide how much to contribute through payroll deductions, subject to your available RRSP contribution room. Use Workday to start, change or stop contributions at any time.
Accessing Contributions
You may withdraw your contributions at any time. Withdrawals are taxable and reduce your retirement savings.
If you are covered by a collective bargaining agreement, check your union contract, as eligibility and benefits might be different for each program.
