MC Canada pension plan

• Read Audited Statements for the MC Canada Pension Plan

Mennonite Church Canada Pension Plan is a registered pension plan (RPP), set up to assist plan participants in providing funds for their retirement.

Participation in the plan is determined by each MC Canada member congregation. Once a congregation has elected to participate, any new employee may join the plan immediately upon commencement of employment. All full-time employees of a participating congregations (including secretarial & janitorial staff) must join the plan after two years. Part-time employees must join if they meet the criteria explained more fully in the pension plan brochure.

Contribution to the plan is either 8% or 10% of the employees' gross salary, with half the amount being paid by the employee and the other half the employer.

The plan follows a low-risk strategy, and earned a return of 5.7% in 2001 and 10.6% in 2000.

Members survey

MC Canada asked PERMA Systems Inc. to develop and perform a Pension Plan Analysis and Feedback Project survey to assess Pension Plan Members level of satisfaction with their current Pension Plan.

• Read a summary of the survey findings
• Download the full survey findings [287 kB DOC file] [Right-click and select "Save target as..."]