The Multi-Employer Pension Plan
The Assumption Life Multi-Employer Pension Plan is unique in Canada! Available in N.B. and in N.S., the multi-employer pension plan is a defined contributions plan whose employer and employee contributions are known. Employees may join on a voluntary basis.
Advantages of the plan
The Assumption Life Multi-Employer Pension Plan enhances an SME's chances of gaining employee loyalty and ensuring that they will receive an additional lifetime retirement income, which will supplement government retirement programs (along with their personal savings). What’s more, the multi-employer pension plan:
- Reduces per-employee administrative fees.
You can thus offer access to a competitive retirement plan.
- Creates a key benefit for employees.
You increase employee motivation and loyalty to your company.
- Assists your recruiting efforts.
You attract qualified, highly skilled employees.
- Eases your tax burden.
Your employer contributions are tax-deductible.
- Is protected from creditors.
Your employees will never compromise their retirement savings.
- Is used exclusively for retirement income.Participating in the plan helps you to promote the development of a stable, happy and productive work team.
