All eligible full time and part time SLB employees hired, rehired or transferred in on or after July 1, 2023 are eligible for the SLB Retirement and Savings Plan.

SLB contributes an automatic 6% of your earnings to the DCPP. In addition, 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).

If you contribute up to 4% of your earnings, you will receive a full match of 100% of these contributions from SLB. You can direct your contributions to the DCPP, RRSP, TFSA and/or NREG. You can contribute any amount above 4% of your earnings to any of these accounts up to the personal contribution limits as well as SLB’s contribution maximums.

Your personal contribution limit to the RRSP, TFSA and DCPP is set up by Canada Revenue Agency (CRA). 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.

You may contribute up to 8% 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.) 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.

You will need to have online access to Sun Life to review and confirm your Employee Contribution % and which accounts (DCPP, RRSP, TFSA and NREG) you want to contribute to and where you want to receive the Employer match. You will also need to elect your the investment options for both the company and your contributions and designate a beneficiary for each of your retirement and savings products.

You'll need online access to Sun Life so that you can join plans, manage your account, view your statements and make use of the tools available to you.

As a Sun Life Client you have access to the Sun Life website and mobile app. If you’re new to Sun Life, you can register for your online account at the www.mysunlife.ca. You may need your account number. You can also download the free Verified.Me app to register for your Sun Life account. All you need is your online credentials from your financial institution. Visit the sunlife.ca/verifiedme

From there you can set up a Sign-in ID and password that works for both the website and mobile app. If you’re a returning Sun Life Client or you already have a Sun Life account, you’ll now see this plan under your investments sections.

If you need help or have any questions, you can call the Sun Life Customer Care Centre toll-free at 1-866-896-6976, or outside North America at 1-800-2527-3211 Monday to Friday 6:00 a.m. to 6:00 p.m. (Mountain Time).

No. Your current online access will still be valid to access your SLB account information. If you have forgotten your access ID or password, click on “I forgot my access ID / I forgot my password”. Alternatively, you can call Sun Life Customer Care Centre toll-free at 1-866-896-6976, or outside North America at 1-800-2527-3211 Monday to Friday 6:00 a.m. to 6:00 p.m. (Mountain Time).

To update your contribution percentage, you must first be registered on Sun Life. See above for details on how to register. Once you are registered, you can sign in, select the Retirements and Savings Product you would like to make a change to. Then click manage payroll contributions and then update accordingly.

The SLB Retirement and Savings Program offers a variety of investments to choose from, with two distinct investment approaches: Help Me Do It and Let Me Do It.

Help Me Do It: These funds, also known as target date funds, have asset mixes that adjust automatically as you get closer to your target date (the date when you expect to need your money). All you have to do is select the date when you will need your money for retirement income (for example, your planned retirement year) and then choose the target date fund closest to, but not exceeding, this date. Simplicity is the key here – you don’t have to manually adjust your investments over time; the fund does the work for you!

Let Me Do It: The Let Me Do It approach allows you to create your own portfolio from a list of specially selected funds. This approach is best suited to individuals who want to actively choose and monitor their investments. You will need to complete the online Asset allocation tool if Let Me Do It is your preferred approach. Once you complete the Asset allocation tool you will understand your personal tolerance for risk based on the risk profile results. Log into your Sun Life account and get started.

To learn more about individual investment funds in your Retirement and Savings Program, you can use Morningstar®, a leading provider of investment news and analysis. To access Morningstar® sign into your Sun Life account.

You can do this on Sun Life, or by contacting the Sun Life Customer Care Centre, at any time.

Log into your Sunlife to get started. There are no charges for transfers; however, a 2% fee will be charged when you move money into a fund and then move money out of the same fund within 30 days. This is known as short-term trading.

Remember, you have access to the “my investment advice” service through the Sun Life Customer Care Centre toll-free at 1-866-896-6976 or outside North America at 1-800-2527-3211 Monday to Friday 6:00 a.m. to 6:00 p.m. (Mountain Time). Specially trained individuals can help you make your investment selections.

Sun Life works together with the SLB Canada Pension Committee to carefully select the investment funds available. The group plan funds are selected to be extremely diversified and high performing. The Pension Committee has already gone through and narrowed down the list of available investment options to come up with the best options available for you to choose from. These funds are also reviewed regularly by the Pension Committee and Sun Life and fund adjustments are made if required. You can also go online and review and update your investment options at anytime on the Sun Life website.

Yes, you will need to designate a beneficiary for each of your retirement and savings products. You can do this online at Sun Life.

You can review your statements on your Sun Life account.

You may contribute up to 8% 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.) 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.

Yes, the SLB plan allows for employees to transfer in assets from DCPP’s as long as it’s coming from a plan registered in Canada. We also allow for employees to transfer in personal RRSP, TFSA and NREG assets. Most transfers can be done on-line at Sun Life. Once logged on to your account select Manage Plan > My Plan > Put Money In > Transfer Products to Sun Life. For assistance simply contact the Sun Life Customer Care Centre toll-free at 1-866-896-6976 or outside North America at 1-800-2527-3211 Monday to Friday 6:00 a.m. to 6:00 p.m. (Mountain Time).

Yes you can set up a Spousal RRSP with Sun Life and contribute in your Spouse/partner's name. Log into your Sun Life to get started.

The combined buying power of SLB and Sun Life means your fees are lower than what you'd pay at a bank or mutual fund company. When you pay lower fees, more of your hard-earned money is investing and growing for you. Employees pay the Fund Management Fees.

Sun Life deducts the fund management fees (FMFs) as separate expense transactions from your account for each fund you’re investing in. The fees include investment management fees (IMFs) and operating expenses. IMFs pay professional investment managers to research, select and manage a fund’s investments. Operating expenses cover fund management costs like legal, audit, transaction, administration and regulatory filing fees. FMFs also pay for keeping records of your account and member servicing costs.

More information on fees can be reviewed on Sun Life. Once logged on to your account select Manage Plan > My Plan > Plan Overview > Account Fees.

As long as you remain employed by SLB globally, your balance must remain in the Canada plan. Although you will no longer be able to contribute to any of the plans, the accounts will continue to earn investment returns and you can make investment changes and use the online planning tools. You can continue to view your accounts online anytime through Sun Life.

Sun Life is the SLB Retirement Savings Plan Administrator. They will assist you and provide you details on what you can do with your money.

Following your final pay with SLB, Sun Life will be notified of your termination/retirement and your status with Sun Life will be updated from active to terminated. This will trigger a separation package that will be processed within 10 business days and mailed to the address on file with Sun Life. Mailing times will vary depending on your location. This package will include your account balances and the choices about what to do with your money. You do not need to wait to receive this package to learn your choices. You can contact Sun Life at anytime to speak with a licensed Financial Consultant at no charge to discuss your options. You will continue to be able to view your account balances online at anytime.

How to reach Sun Life:

• View your account balances online at Sun Life.
• Licensed Financial Consultant: If you live in North America, call Sun Life toll-free at 1-877-893-9893. The international number is 1-800-2527-3211, Monday to Friday, 6:00 am to 6:00 pm, MT.
• Go mobile: Check your balances and see how your funds are doing. Download the my Sun Life mobile app on Google Play or the Apple App Store.

If you are an active SLB employee working in Canada, please follow these steps: login to People Connect and click on “Home“ > "My Employee File“ > "Personal Information“. Go to Contact & Address and click on the pencil for "Address", enter the effective date for the change and hit save. If you do not have an address on file please click on "Add Address", submit your message for the approvers and click on "Confirm". Once the address is updated with People Connect, it will flow and update on the Sun Life end in about 2 weeks.

If you are an active employee from Cameron, please log into your account and make changes via My Services.

You can contact Sun Life Customer Care Centre toll-free at 1-866-896-6976 or outside North America at 1-800-2527-3211 Monday to Friday 6:00 a.m. to 6:00 p.m. (Mountain Time). Service is available in more than 190 languages. Alternatively, you can also contact Sun Life via your Sun Life account.