Manulife Employee Benefit: Pension Plan | Glassdoor

Manulife Pension Plan

Updated Jul 29, 2014

67 employees reported this benefit


Employer Summary

Manulife offers new employees a Pension Plan that allows them the opportunity to manage their own investments through a diverse range of investments funds. When employees retire or leave Manulife, they may use the value of the account to purchase a pension or a retirement product with Manulife or another pension provider.

At Manulife, your pension amount is based on mandatory and optional contributions. Each pay period, employees are required to contribute 2% of pensionable earnings, and Manulife is required to contribute 3%.

In addition to this required contribution, employees can also contribute an optional
amount of up to 5% of pensionable earnings. After a member has completed one
year of continuous service, Manulife will match the optional contribution at a rate 
of 50%, up to a maximum of 2.5% of the employee’s pensionable earnings.

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Available to Canada-based employees (Change location)

Employee Comments

Showing 1–10 of 38
  • Mar 21, 2019
    StarStarStarStarStar Current Employee in Toronto, Ontario

    covered their employees very well

  • Mar 17, 2019
    StarStarStarStarStar Former Training and Documentation Specialist in Oakville, Ontario

    Great pension plan and profit sharing

  • Aug 10, 2017
    StarStarStarStarStar Former Assistant in Montreal, Quebec

    The matching contribution is a pretty sweet component of the pension plan.

  • Aug 09, 2017
    StarStarStarStarStar Current Territory Sales Coordinator in Toronto, Ontario

    You pick which funds you want your pension to be invested in.

  • Jul 18, 2017
    StarStarStarStarStar Current Employee in Waterloo, Ontario

    You pay lot from your pocket and you miss your own savings

  • Jun 24, 2017
    StarStarStarStarStar Current Employee in Toronto, Ontario

    I would say thet have a fairly decent RRSP and stick ownership match in plan in place.

  • Jun 13, 2017
    StarStarStarStarStar Current Employee in Toronto, Ontario

    It's a nice perk but is standard with insurance companies.

  • Jun 06, 2017
    StarStarStarStarStar Current Intermediate Financial Analyst in Waterloo, Ontario

    Match 50% of your optional RPP contributions, on top of a fixed percentage that is included with every pay.

  • May 29, 2017
    StarStarStarStarStar Former Employee in Toronto, Ontario

    Employer matching and immediate enrollment. Multiple avenues to save for retirement available and the support desk provides sufficient help in answering questions and assistance in transactions.

  • May 09, 2017
    StarStarStarStarStar Former Employee in Toronto, Ontario

    Pension Plan is good in Manulife.

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