Benefits & Pensions
Want to retire at 55? Is it possible? At UA Local 516 our members have a retirement plan that is second to none. Every penny invested belongs to the individual member with our Group RRSP!
It’s easy to achieve your long-term investment goals if you know where and how to invest your money today. You have the ability to dollar cost average your monthly investments, and use foreign content to the maximum guidelines. Our plan is self-directed by the individual member, and spousal accounts can be opened and maintained as well.
The Portfolio Funds have a combination of asset classes along with the management styles of:
 | Great West Life Investment Management Ltd |
| MacKenzie Financial Corp |
| AGF Management |
| Beutel Goodman |
| Sceptre Investments |
| Putnam Investments |
Asset mixes available:
|
25% Equity / 75% Fixed Income |
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|
40% Equity / 60% Fixed Income |
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|
60% Equity / 40% Fixed Income | ||
|
80% Equity / 20% Fixed Income | ||
|
50% Equity / 50% Fixed Income |
FUND RETURNS AS OF August 31, 2008
Asset Allocation Funds - Diversified mix of investment vehiclessuited to an investor personality
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|
Plan |
1 Year | 3 Year | 5 Year | 10 Year |
|
Conservative - Income oriented, lower risk
|
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Cadence Fixed Income |
7.27 % | -- | -- | -- |
|
5.21 % |
4.69 %
|
6.23 % |
6.98 % |
| Moderate - Income oriented with some growth potential, lower - medium risk | ||||
Cadence Retirement |
4.35 % | -- | -- | -- |
|
4.04 % |
5.31 %
|
7.16% |
7.66 % |
| Balanced - A balance between growth and income, medium risk | ||||
|
1.05 % |
5.73 %
|
8.04 % |
7.79 % |
| Advanced - Growth oriented, medium - higher risk | ||||
|
-1.51 % |
5.80 % |
8.64 % |
8.68 % |
| Aggressive - Maximum growth potential, higher risk | ||||
Cadence Equity |
4.11 % | -- | -- | -- |
Aggressive Portfolio |
-3.73 % |
6.09 % |
8.90 % |
8.04 % |
| Lifecycle - Equity and fixed income assett mix becomes more conservative as maturity date nears | ||||
Cadence 2010 |
3.71 % | -- | -- | -- |
Cadence 2015 |
2.76 % | -- | -- | -- |
Cadence 2020 |
1.91 % | -- | -- | -- |
Cadence 2025 |
1.19 % | -- | -- | -- |
Cadence 2030 |
0.57 % | -- | -- | -- |
Cadence 2035 |
-0.01 % | -- | -- | -- |
Cadence 2040 |
-0.52 % | -- | -- | -- |
Cadence 2045 |
-0.98 % | -- | -- | -- |
Cadence 2050 |
1.38 % | -- | -- | -- |
Balanced Funds - Diversified mix of investment vehicles Canadian High Income Balanced - income oriented with some growth potential, medium risk Canadian Balanced - medium growth potential, medium risk
|
7.07 % 1.48 % |
5.31 % 6.37 % | 6.49 % 8.84 % |
7.37 % 8.25 % |
|
Canadian Equity Funds - Predominantly stocks of Canadian companies Canadian Equity - medium to higher growth potential, medium to higher risk
|
-1.94 % |
11.39 % |
16.52 % |
14.30 % |
Cash and Equivalent Funds - Short term and/or interest-bearing investments
Canadian Money Market - lower risk, lower return
|
4.09 % |
3.93 % |
3.37 % | 3.93 % |
|
Foreign Equity Funds - Predominantly stocks of non-Canadian companies Global Equity (Trimark) |
-13.36 % |
4.91 %
|
5.33 % | 8.30 % |
For any questions you may have regarding UA Local 516 Benefit & Pension Plans contact:
Sharon Clark at (604) 882-8212, Email: sharonclark@ua516.org