Module Descriptions

Employee Pension Plan

This module will provide participants with an in depth explanation of their employee pension plan. It will provide an awareness of the types of benefits available, the eligibility criteria and the documentation required. If applicable, they will also learn about the impact of Canada Pension Plan Retirement Benefits on the amount they receive from their employee pension.

Financial Planning

Participants will learn the significance of planning and the steps necessary to develop a solid financial retirement plan.  This module will encourage participants to explore how to achieve the standard of living they wish to have in retirement.  They will learn how to build a financial plan for retirement, learn about cash flow vs. time line, define risk, uncover secrets to successful investing, and understand investment options. They will also be given advice on how to select a qualified financial advisor.

Taxation

Participants will learn the importance of tax planning in retirement.  They will learn how retiring allowances, pension income, post employment income, RRSPs and RRIFs will affect their income tax. They will also learn about installment tax payments.

Canada Pension Plan/Old Age Security

Participants will learn about the benefits available under the Canada Pension Plan/Old Age Security programs. This will include information about eligibility requirements, provisions under the plans, how and when to apply for benefits and the documentation required.

Psychological Aspects of Retirement

This module helps participants anticipate challenges they may face in retirement and learn about strategies that will help them take charge of their lives.  It will help them assess whether or not they can expect to have difficulties adjusting to the transition.  It will prompt them to examine their approach to change, how they value work, and help them identify alternative sources of fulfillment.  They will learn how retirement may affect their key relationships and the importance of social networks.

Estate Planning

This module provides a comprehensive look at estate planning by outlining the various tools available to achieve individual goals through a customized plan.  Specific topics include wills, living wills, powers of attorney, responsibilities of executors and other related topics.

Wellness

Fitness: This module creates an awareness of the importance of a healthy, active lifestyle both now and in retirement. It will cover the components of fitness: flexibility, strength and conditioning, and cardiovascular fitness.

Nutrition: This module focuses on the need for healthy eating habits and the effect good nutrition can have on the participants’ retirement years.