A smooth transition for members leaving your group plan
When group plan members leave your plan or retire, the Manulife Personal Plan offers a convenient way for them to continue saving or convert their savings into retirement income with the Manulife Group Retirement Income Plan. Plan members can continue to benefit from the tools and services that Manulife offers, including: a broad selection of investment options, access to the Member secure website, Steps Retirement Program®, the GRS Mobile app, and the Manulife Customer Service Centre.
Manulife’s Transition Solutions team is available to help answer plan member questions and help them make a smooth transition to the next phase in their life. There are also tools and resources on the secure plan member site to support plan members going through a career transition or retiring.
Benefits for plan members
Additional benefits that members can enjoy in the Manulife Personal Plan and the Manulife Group Retirement Income Plan that may not have been available to them in their group plan include:
- A Member Reward Program which provides members with a monthly savings bonus
- Ability for spouses to join the Plan
The Manulife Personal Plan supports plan members who wish to continue to save and those who are ready to draw an income from their retirement savings.
Savings plans include:
Registered retirement savings plan (RRSP) Help your plan members save for retirement
Non-registered savings plan (NRSP) Save beyond registered limits and for short term needs
Locked-in retirement account (LIRA) Tax-sheltered investment growth for your pension funds
Retirement income plans include:
Choose your group benefits plan
Speak to your Manulife representative to discuss group retirement plan options to help meet your business needs.