Introducing the Pension Plan for Employees of Canadian Ford Dealers and Affiliates
The Ford Dealers Pension Plan began in 1994. Since then, more than 4,300 employees – just like you – are on their journey to financial wellness.
The Pension Plan is designed to ensure your financial security at a key time in your life. Your retirement savings can grow that much faster through a combination of:
- Your Contributions
- Dealer Contributions
- Tax Advantages (Pre-Tax Savings)
- Professional Investment Management
The Plan is a Defined Contribution Pension Plan legislated under the Pension Act.
After meeting a waiting period (as determined by the Dealer) employees may elect to join the plan. Through a combination of your contributions, Dealer contributions, tax advantages, and professional investment management, your retirement savings can grow that much faster. Contributions are deducted from your pay cheque making it easy for you to save for your retirement.
In many ways, the Pension Plan works similar to a registered retirement saving plan (RRSP), but this Plan also offers you additional advantages that can make participating in the Pension Plan an important part of your retirement strategy. With so many reasons to join, the question you should be asking yourself is…why not?