IAMAW MEPP – GROUP RRSP PLAN

Dear Brothers and Sisters:
The IAMAW Multi-Employer Pension Plan contributions will commence with the April 7,2013 pay cycle.

Anyone who has not yet completed an enrollment form needs to do so immediately and return them to the Local Lodge 16 offices. Enrollment forms are available from the Local Lodge website at iamaw16.ca, or by contacting the Local Lodge 16 offices, toll free at 1-877-303-0461 or 604-303-0461.

Pension booklets will be available for distribution starting on Wednesday, April 3, 2013 and will be sent to the Chief Shop Steward at each base within the Region.

The existing Group RRSP Contribution Plan will continue until the IAMAW Multi-
Employer Pension Fund commences on April 7, 2013. All contributions owing to the Group RRSP Plan will be remitted by G4S to RBC, no later than May 31, 2013, following which the Plan will be de-grouped. We cannot de-group the Plan prior to this final remittance or the contributions will be rejected.

We are receiving inquiries daily concerning the de-grouping of the Group RRSP Plan. We will not be de-grouping the Plan until the first week of June 2013, at the absolute earliest. A bulletin will be issued advising the Membership once the Plan has been de-grouped. Once de-grouped the accounts will become individual RRSP accounts. Members will then have the ability to provide instruction to RBC on an individual basis concerning the status of their accounts. The funds in your individual RRSP accounts will not be converted into the Pension Fund.

In Solidarity,
Tania Canniff, General Chairperson Keith Aiken, General Chairperson
Transportation District 140, IAM & AW Transportation District 140, IAM & AW

https://iamaw16.ca/wp-content/uploads/2013/03/GROUP-RRSP-PLAN-DE-GROUPING-MARCH-28-2013.pdf