Group Savings Plan

Provided through Manulife

AHS employees are offered a simple and effective way to save for the future by opening a Registered Retirement Savings Plan (RRSP) and/or Tax Free Savings Account (TFSA). The Group Savings Plan has lower investment management fees than most individual plans and contributions can be made through the convenience of payroll deductions.

RRSP – These types of savings plans are normally used to save towards retirement. Contributions to your RRSP are tax deductible from your current taxable income, with taxes deferred until these savings are withdrawn.

TFSA – This is a special savings account where no tax is paid on investment earnings, capital gains and dividends earned on after-taxed funds deposited into the account when withdrawn. Savings can be withdrawn tax-free at any time and used to meet retirement or other personal financial needs.

Group Savings Plan (GSP) Introductory Information

Employer contributions vary by employee group –check your Benefit Plan Booklet.

Step 3: Eligibility

Voluntary Contributions - All Employees

• You choose to contribute a percentage of your regular pay to a RRSP/TFSA on a voluntary basis through payroll deduction.
• Participation starts from enrolment and payroll setup. There is no backdating of contributions.

Employer Match Contribution – UNA Employees

• You choose the percentage of your regular pay you wish to contribute with AHS matching up to 2%.
• Participation starts from enrolment and payroll setup. There is no backdating of contributions.

Flexible Spending Credit Allocation - AUPE, HSAA, NUEE and PARA Employees

• You must enroll in the correct RRSP/TFSA plan based on your allocation and Benefit Plan Booklet.
• Do not enter a percentage online or on the Manulife Enrolment Form; AHS will automatically provide Manulife with your RRSP/TFSA credit allocation.

Step 4: Enrolment

Enroll online or submit a Manulife RRSP/TFSA Enrolment Form. See Enrolment below.

Note: You must submit separate enrolment forms when first enrolling in a Group Savings Plan RRSP or TFSA.

• Enrolment (RRSP/TFSA)

To obtain other important Group Savings Plan information once you have your AHS employee identification number, visit Insite (AHS' intranet site), and search 'Pay & Benefits'.

Next: Employee Groups