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myCLAC.ca is your gateway to important information about your workplace, collective agreement, and more.
CLAC members may have access to one or two CLAC sponsored retirement plans in their collective agreements—the CLAC Pension Plan and/or the CLAC Group RSP. These plans were created to help members save for retirement. The income from these plans, combined with government benefits and personal savings, help members build a strong foundation for their future.
The CLAC Pension Plan and CLAC Group RSP board of trustees are responsible for the overall management of the plan, including plan design, governance, and investment decisions. The board uses skill, diligence, and care to focus on the strategic and long-term goals of the plan. It works closely with various external professionals to make decisions in the best interest of all plan members.
The CLAC Pension Plan is a multi-employer, defined contribution plan. The funds that accumulate in a member’s account are designated for their retirement only and aren’t used to pay other people’s pensions. When a member is ready to retire, they can convert their account into a retirement income flow and receive pension payments for life, directly from the plan.
With the CLAC Group RSP, members can choose how their funds are invested from a variety of professionally managed investment options. With lower-than-average investment management fees, members can build the portfolio that is right for them and their retirement savings goals. When members register their account, their contributions grow tax-free until the time of withdraw.
Members of these plans can view their account(s) and access retirement planning tools and resources through myCLAC.