67 employees reported this benefit
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.
covered their employees very well
Great pension plan and profit sharing
The matching contribution is a pretty sweet component of the pension plan.
You pick which funds you want your pension to be invested in.
You pay lot from your pocket and you miss your own savings
I would say thet have a fairly decent RRSP and stick ownership match in plan in place.
It's a nice perk but is standard with insurance companies.
Match 50% of your optional RPP contributions, on top of a fixed percentage that is included with every pay.
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.
Pension Plan is good in Manulife.