Pension and Retirement Services
Laurier’s pension plan is a money purchase plan with a minimum guaranteed pension level. This “hybrid” plan design provides you with a better benefit than a more traditional plan, because it enables you to reap the rewards of the plan’s investment performance, while having the security of a minimum guaranteed benefit. Your plan is an individual savings account into which your contributions, together with the matching contributions made by Laurier during the period of your employment with the university, have been deposited. These funds are invested on your behalf and your account is credited with the interest income on an annual basis.
Participation in the plan is mandatory for all full-time employees, and you will become a member of the plan on the first day of the month coincident with or following your hire date. If you are a part-time employee, you may join the plan when eligibility criterion as defined in the pension plan is achieved.
For more information, please see the links below:
- Annual Pension Plan Brochure
- Statement of Investment Policies and Procedures
- Actuarial Valuations
- Pension Plan Text