Pension enrolment is taking place November 12 – 22

Pension enrolment is taking place November 12 – 22

Financial wellbeing is an important component of our overall wellbeing commitment at TELUS Health. Financial wellbeing is about feeling in control of your finances and being on track to achieve your financial security and life goals.

Retirement planning is a significant part of that equation, and the TELUS Health pension plan helps you save for retirement. You benefit from company contributions and great rates on investment options.

If you are eligible to opt out of the pension plan, and choose to do so, we recommend that you save for retirement in another way. We encourage you to speak with a financial advisor who can help you create a retirement savings plan that works for you.

Log in to generationflex.hroffice.com from November 12 – 22:

  • Select the DCPP (Defined Contribution Pension Plan) Enrolment event at the top of the homepage
  • Follow the steps in the enrolment tool to:
    • Decide if you want to exclude your commissions/bonus (if applicable) from your pensionable earnings
    • Review your pension beneficiary
    • Select “Complete enrolment” to finalize your decisions
  • After your enrolment is complete, go to the “Pension & Savings” area of the portal to review your investment options

Complete the Investor Profile Questionnaire to see if your current investment choices are meeting your needs.

If you do not make a decision to exclude commissions/bonus (if applicable) from your pensionable earnings by November 22, it will be included, even if you chose not to include it last year.

You will be auto enrolled in the pension plan effective January 1, 2025 unless you opt out.

If you want to join the pension plan

Log in to generationflex.hroffice.com from November 12 – 22:

  • Select the DCPP (Defined Contribution Pension Plan) Enrolment event at the top of the homepage
  • Follow the steps in the enrolment tool:
    • Set your optional contributions
    • Decide if you want to exclude your commissions/bonus (if applicable) from your pensionable earnings
    • Select your pension beneficiary
    • Select “Complete enrolment” to finalize your decisions
  • After your enrolment is complete, go to the “Pension & Savings” area of the portal to review your investment options

Once you are enrolled, contributions will be deducted automatically from each pay. You will see your first deduction on your January 15 pay.

Once you are in the plan you cannot opt out in the future.

If you do not want to join the pension plan

Log in to generationflex.hroffice.com from November 12 – 22:

  • Select the DCPP (Defined Contribution Pension Plan) Enrolment event at the top of the homepage
  • Select the “Opt out” option
  • Select “Complete enrolment” to finalize your decisions

If you do not want to participate in the plan, you must opt out each year during the pension enrolment period.

If you do not make a pension decision by November 22

  • You will be automatically enrolled in the pension plan effective January 1, 2025
  • You will make basic contributions to the pension plan
  • You can set optional contributions throughout the year
  • Your commissions/bonus (if applicable) will be included in your pensionable earnings
  • Contributions will be deducted automatically from each pay. You will see your first deduction on your January 15 pay

If you want to join the pension plan

Log in to generationflex.hroffice.com from November 12 – 22:

  • Select the DCPP (Defined Contribution Pension Plan) Enrolment event at the top of the homepage
  • Follow the steps in the enrolment tool to enrol in the plan:
    • Select “Opt in” to the plan
    • Set your optional contributions
    • Decide if you want to exclude your commissions/bonus (if applicable) from your pensionable earnings
    • Select your pension beneficiary
    • Select “Complete enrolment” to finalize your decisions
  • After your enrolment is complete, go to the “Pension & Savings” area of the portal to review your investment options

It’s a simple, quick online process. Once you are enrolled, contributions will be deducted automatically from each pay. You will see your first deduction on your January 15 pay.

You’ll also benefit from company contributions, putting you on the right path to meet your future financial goals!

Once you are in the plan you cannot opt out in the future.

If you do not want to join the pension plan

No action is required.

Resources and tools to help you understand the pension plan and your retirement readiness

We know pension information is complex. Be sure to take advantage of the many resources and tools available to you. Start by reviewing the information within this microsite.

Don’t forget to check out the enhanced resources available at generationflex.hroffice.com:

Retirement Income Calculator

Use it to find out if you’re on track to meet your retirement savings goal. Then, adjust your contributions as needed during pension re‑enrolment.

Pension plan information and managing your account

Explore the “Your Pension & Savings” area of the portal to monitor, learn about and manage your account. Here you can find articles and videos about the plan and retirement in general, make changes to your contributions or investments, and access the Retirement Income Calculator.

Away between November 12 – 22?

If you are not available during this period, please contact the Generation Flex Benefits Centre before November 12 at 1-877-247-7633 to make alternate arrangements for your pension decisions.

Questions?

Generation Flex Benefits Centre

benefitscentre@telushealth.com
1-877-247-7633
Monday to Friday
9 a.m. to 5 p.m. (ET)