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MC Canada Pension Plan Improved

   

April 7, 2003

Winnipeg, Man.— Following a survey of pension plan members conducted in spring of 2001, Mennonite Church Canada is pleased to announce an enhanced group retirement plan.

The improved plan will respond to member concerns for increased investment choice, improved access to plan and account information, and a continuing focus on socially responsible investment. The changes were approved by MC Canada’s Support Services Counsel at Leadership Assembly meetings in Winnipeg, March 5-8.

Group Retirement Services (GRS) at Great-West Life/London Life will provide all record keeping and will facilitate investment services for the pension plan. The improved plan, scheduled for a May 1 implementation, features the following:

  • A variety of investment options, featuring Meritas Financial Inc. socially responsible investments;
  • A unique investment and retirement planning guide (also available on CD software);
  • 24 hour real time internet access to member accounts at www.grsaccess.com;
  • 24 hour telephone access to member accounts and transaction options through an interactive voice response system (IVR), and
  • Toll free call centre support including investment advice and guidance from a licensed, salaried investment specialist.

Plan members will receive an invitation to a regional information session in the near future where details of the program will be explained and questions will be addressed.

The MC Canada pension plan serves approximately 800 members employed by MC Canada, its member congregations and related institutions. Total assets of the plan are approximately $28,000,000.