Planning with our EFAP Provider

Shepell fgi has a career counselling service that can also assist you in retirement planning.  This retirement counselling fact sheet will give you more information on this service.

Planning for Retirement

What happens to your pension account at retirement?

In your years working for the ELCIC you have been saving a portion of your salary to support yourself in your retirement. Your account balance (reported on your semi-annual member statement) must be transferred out of the ELCIC Pension Plan and used to create income in your retirement years. There are several options for you to consider in order to create this income.

Please contact GSI a few months before you plan to retire to request the required forms needed to make your pension election. GSI will transfer your account balance to your financial institution (or the group account) on a tax free basis when final contributions are received and all forms are properly completed.

 

Post-Retirement Group Plan

Retiree Health Premium Rates

Retirement Income Calculation Worksheets

GSI Retirement Planning Videos