Thursday, 28 March 2019

Get The Most Out Of Your Defined Contribution Pension - Preeceville's Main Street with the Mayor Garth Harris for Thursday March 28th, 2019 8:35 am

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Preeceville's Main Street with the Mayor Garth Harris for Thursday March 28th, 2019 8:35 am
With GX94's Craig Wallebeck > see him @ http://www.gx94radio.com/craig-Wallebeck

This week we focus on: Get The Most Out Of Your Defined Contribution Pension
"The Financial and Consumer Affairs Authority (FCAA) wants to remind Saskatchewan workers about the importance of saving for retirement.

“Saving for retirement is important and not something you should overlook,” FCAA’s Pensions Division Director Leah Fichter said.  “Joining your company pension plan, contributing the maximum amount and making sure your investments are the right fit are essential to help you get the best results and meet your retirement goals.”

Tips for Defined Contribution Pension Plans:

1. Join your company pension plan

It’s important to invest in your future and joining your company pension plan is a great way to save for retirement.  Take advantage of this opportunity to help you meet your financial goals upon retirement.

2. Put in the maximum amount

In a defined contribution plan, the employer will set the employer and member contribution rate.  It’s a good idea to make the highest pension contribution that your plan allows, if you can afford to.  In some plans, the employer will match up to a certain amount of what a member contributes.  Understand what your plan says, so you are putting as much as you can toward your retirement.

3. Make sure your investments are the right fit

Make sure you are comfortable with your pension investments.  Most plans offer a selection of funds so it’s important to know your options.  Think about the length of time to your retirement and your risk tolerance, and choose the most suitable investment option for you.  Consider obtaining financial planning advice from a qualified advisor and contact your plan administrator if you have any questions."

For more pension information, visit www.fcaa.gov.sk.ca/consumers-investors-pension-plan-members/pension-plan-members.

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For more information, contact:

Shannon McMillan, Financial and Consumer Affairs Authority, Regina
Phone: 306-798-4160 Email: shannon.mcmillan@gov.sk.ca

Pension Plan Members
The FCAA is responsible for administering Saskatchewan’s The Pension Benefits Act, 1992 (the Act). With a few exceptions, the Act applies to employer-sponsored pension plans to which Saskatchewan residents are members. The FCAA is also responsible for administering the pension laws of other jurisdictions, in cases where a plan is registered in Saskatchewan and has members from outside the province.
Additionally the FCAA is responsible for administering The Pooled Registered Pension Plans (Saskatchewan ) Act. However, pursuant to an agreement with the Government of Canada and several provincial governments, the Office of the Superintendent of Financial Institutions (OSFI), a federal body, is responsible for the regulation and supervision of Pooled Registered Pension Plans (PRPPs), including those which provide benefits to Saskatchewan residents.
Consult the resources below for information on a number of important topics.
Find FAQs about pensions and retirement.
Understand pension language and terms.
Points to consider if receiving a lump sum pension payment.
Tips to help you meet your retirement goals.
Find forms for various pension entitlements.
Learn about different types of pension plans and how they work by consulting our guides and bulletins.
Find useful links to other pension related websites.
Learn about PRPPs.
Find a list of registered pension plans in Saskatchewan.
Check to see if formal action has been taken against a pension plan.
How to maximize your Defined Contribution Pension.

Frequently asked questions
Pension-Related Websites - Other Regulatory Bodies
Pension-Related Websites - Other

Events:
- Preeceville & District Lions Club Chase the Ace Minimum Jack-Pot is now at a $1,765.00 Draws every Thursday night at the Curling Rink. Watch their Ad's.   Follow the ACE on Facebook: https://www.facebook.com/PreecevilleChaseTheAce/

Bingo
​606 Harvard Preeceville Air Cadets Squadron Sponsoring Committee BINGO. Every Thursday at Club 60. Doors open at 7pm, first game starts at 8pm.
Easter Ham Bingo 
​Preeceville & District Lioness Club invite everyone to our Easter Ham Bingo on March 29, 2019 with the proceeds being donated to the Yorkton Regional Hospital Radio-thon for new Mammography Equipment. The club would like to send a huge Thank You to Olymel for their generous donation of the Ham Prizes! Wear Pink to Show Your Support for Breast Cancer. Doors Open at 7:00 pm / Bingo Starts at 7:30 pm at the Preeceville Community Legion Hall. 
​
​Parkland and District Music Festival ​​
Parkland and District Music festival competition is being held March 31, April 1, 2 and 4 in Trinity United Church, Preeceville. April 3 is in Grace United Church in Sturgis and Sturgis Composite High School. Check poster for session times. Final Concert with scholarship presentations is Sunday, April 7 at 2:30 at Trinity United Church. Everyone welcome all week. If you are willing to volunteer during the week please call Anna Russell 306-547-4645.


Preeceville Wildlife Federation Annual Banquet & Awards Night
April 6th, 2019 at the Preeceville Community Legion Hall
Bugling Hour 5:30 pm Banquet 6:30 pm Dance to Follow Adult $25, Kids 5 - 12 $10, Pre-school Free Family Night of fun with a kids corner of activities, silent auction, live auction, and raffle tables. Sells out every year so get your tickets in advance. Dance Walk Ins - $10 must be accompanied by an adult. 
Preeceville Nursery School Spring Trade Fair
Saturday April 27th 10:00 am  - 3:00 pm at the Preeceville Community Legion Hall. For more information contact Calla at 306-547-7999


 - And as always if you wish to have an event promoted visit and post it to our Community Events Calendar at www.townofPreeceville.ca

Follow the Mayor on blogspot at http://mayorharris.blogspot.ca/














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