Group retirement services

Goguen Champlain Financial Services provides assistance with the implementation and continuous monitoring of various employer-sponsored retirement programs. Solid retirement savings programs are very important in the retention of valued employees. These can include:

  • Group RRSP
  • Pension plans
  • Defined contribution plans

The employer and employee contributions are specified in the contract and the deposits accumulate with their respective investment returns. At retirement the employee can purchase an income stream through a number of retirement vehicles (i.e. an annuity). The employer does not know the amount of retirement income that will be available to the employee because that is dependent on how much was accumulated over the employment years. However, the employer will be aware of their contribution cost, hence the expression: defined contribution.