All employees are eligible to participate in the plan.
Your eligibility date will be outlined in your employment contract. You will then join the plan on the first day of the month following your eligibility date.
Please note, your eligibility may depend on the number of weekly hours worked, and each province has slightly different minimum requirements for number of hours worked per week. Please refer to the Plan Booklet for your province for details.
Once you’ve joined, you can’t terminate your membership or remove your funds while you are employed by a participating employer.
About the Retirement & Savings program
The CBBenefits Retirement & Savings program is an important and valuable part of your overall compensation package – and your financial wellbeing – and features:
- the Canadian Baptist Pension Plan (CBPP) – a Defined Contribution (DC) pension plan, and
- a Tax-Free Savings Account (TFSA).
Both plans are voluntary, and offer you the opportunity to take advantage of very low fees, convenient payroll deductions, professional investment managers and oversight, easy to choose funds, and tax advantages.
My Canada Life at Work provides you with access to your account(s) as well as easy-to-use online financial tools, calculators, and support – to help you with some of your hardest money decisions.