Pension

Pension

The Saint Mary's University Pension Plan is intended to help employees accumulate funds, which will provide an income during retirement years. The Plan combines with the Canada Pension Plan, Old Age Security, and the employee’s personal savings to give the employee and their dependents a measure of financial security upon retirement.

The pension plan provides the employee with the flexibility to make decisions about how contributions are invested. We encourage employees to become familiar with available options and give careful consideration to what is best for them. The responsibility for making wise investment choices, and the associated rewards, are the employee’s.