SLB’s contributions

• SLB contributes an automatic 6% of your earnings to the DCPP.
• SLB matches 100% of your contributions (up to 4% of your earnings in total) that you make to the DCPP, Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) and/or Non-Registered Account (NREG).
• Your contributions
• Contribute up to 4% of your earnings and receive a full match of 100% of these contributions from SLB. You can direct your contributions to the DCPP, RRSP, TFSA and/or NREG.
• Contribute any amount above 4% of your earnings to the DCPP, RRSP, spousal RRSP, TFSA, and/or NREG. When making contribution decisions, keep in mind your RRSP and TFSA personal contribution limits as well as SLB’s contribution maximums.*
• Information about your contribution limits:
• Once your annual DCPP limit is reached, SLB will automatically redirect contributions to the NREG. The SLB base 6% will go to the NREG as employer required contributions.
• It is up to you to monitor your RRSP and TFSA contribution limits. Once you’ve reached your RRSP limit, you can redirect these contributions to the TFSA or NREG. Or, if you’ve reached your TFSA limit, you can redirect your TFSA contributions to the RRSP, spousal RRSP or NREG.*

* Contribution maximums – You may contribute up to 8% of your earnings to the DCPP and 50% of your earnings to the DCPP and 50% of your earnings to each of the RRSP, TFSA and NREG. (Collectively, your contributions to the plan are limited to a maximum of 70% of your earnings.)

One of the biggest advantages of your program is the opportunity to make your own investment choices for both your contributions (all accounts) and SLB’s contributions. Learn more about your investment options, including target date funds at Sun Life.

Beneficiaries can be reviewed and updated online at mysunlife.ca at any time. No paper forms are required. A beneficiary election is required for each product enrolled. Where a beneficiary is not assigned the beneficiary will default to your estate.

Retirement and Savings plan contributions are based off of your admissible compensation in the current pay period. Admissible compensation is inclusive of but not limited to base pay, overtime, bonuses, commissions and geographical coefficients.