It's been a year since we initiated the process to transfer our pension plan provider from CCCC (Great West) to Manulife. Maybe you have been asking the question, "I wonder what's happening with the pension transfer?"
The answer is, it's done! I received notification today from Manulife that the funds were received today and are invested into the individual member accounts. The main screens on their account system only update once a month so these amounts will not show up online until May 1.
Because this is a Registered Pension Plan with the CRA it has required that each province give approval to set up the new account and transfer the funds. We received the final provincial approval a few weeks ago.
A formal letter will be included in the next billing cycle to give to your pension plan members. If you have questions or there has been anything overlooked on your account please let me know right away so it can be investigated.
Thank you for your patience!
Rhonda Berkhiem
Useful Quote of the Day:
No great work is ever done in a hurry. To develop a great scientific discovery, to paint a great picture, to write an immortal poem, to become a minister, or a famous general~~to do anything great requires time, patience, and perseverance.
~~W. J. Wilmont Buxton~~
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