Tuesday, November 12th
Sources of Retirement Income – 11:30 am – 1:30 pm
Retirement income can be paid in many forms, each with its own rules, advantages and restrictions. This seminar provides participants with detailed information about the about the various sources of retirement income—government and employer provided, as well as individual savings. We also look at forms of pension, transfer options, LIFs, LIRAs, and annuities. This session will be of interest to employees nearing retirement.
Plan and Save – 4:30 pm – 7.30 pm
Employees approaching retirement have a growing list of questions about this transition, while those in early career stages may not grasp the importance of planning (and saving) in advance. This seminar puts some context around retirement planning. Participants are guided through an overview of the key elements needed to build a successful financial strategy. Suitable for employees of all ages.
Wednesday, November 13th
Build Your Budget – 11:30 am – 1:30 pm
The amount of money you need at retirement depends largely on how much you plan to spend. Going further than the general “rules of thumb,” this interactive workshop guides employees through the process of budgeting for the various phases of retirement. Participants will learn to budget for today and tomorrow. This session will be of interest to employees nearing retirement.
Thursday, November 14th
Transition to Retirement – 11:30 am -1:30 pm
This seminar encourages participants to consider key lifestyle decisions carefully and well in advance of their retirement date. This session will explore the physical and emotional challenges of transitioning from work to retirement and will provide an understanding of the key contributors to a satisfying retirement lifestyle.
This session will be of interest to employees nearing retirement.
Learn to Invest – 11:30 am – 1:30 pm
This introductory-level seminar provides an unbiased look at investment concepts and principles. Designed to simplify terminology and increase comfort with investment decisions it helps participants understand the forces that drive the markets. Suitable for employees of all ages.
Friday, November 15th
Legal Checkup – 11:30 am – 1:30 pm
In the event of serious illness or death, we want our wishes for disposing assets and health decisions to be respected. This is where legal affairs planning comes into play. This seminar provides a “legal check-up” to encourage participants to take a proactive approach when it comes to estate and personal planning. Suitable for employees of all ages.
Space may be limited – register now!
https://www.uvic.ca/hr/learning-development/calendar/index.php
Additional Resources
- Refer to your benefits handbook and collective agreement for related information.
- Contact pension servicesoffice for account information and statements.
- Staff pension plan
- Combination pension plan
- Money purchase pension plan
- Planning ahead – financial education and retirement seminars
If you want to retire
- Watch for the semi-annual seminars hosted by Pension Services. Next one will be held spring of 2020. These seminars are designed for members aged 55 and over, who are considering or preparing for retirement. https://www.uvic.ca/pensions/index.php
- Retirement checklist for Faculty, PEA and Management Excluded employees
- Retirement checklist for CUPE 951, CUPE 917 and Exempt Support Staff
- Voluntary Benefit Plan for UVic Retirees
Faculty members are encouraged to contact the office of the Vice-President Academic & Provost to explore retirement options.
November is Financial Literacy Month in Canada!
https://www.canada.ca/en/financial-consumer-agency/campaigns/financial-literacy-month/about.htm