Effective April 1, 2019, OHIP+ will no longer provide drug coverage for individuals under the age of 25 who have access to private insurance. Therefore, prescription drug claims for children and youth 24 years of age and younger with private plan coverage will have to be submitted directly to their private plan. Click here for details!

Your Retirement Needs

Calculating your retirement needs

There are a number of factors to take into account in determining your retirement needs.
They are as follow:

  • Find out what annual income, before taxes, you would like to receive during your retirement in today’s dollars.
  •  Determine what age you wish to retire.
  • Ascertain your future retirement income sources. These will likely come from three main sources: Government benefits,Private pension plans and,Personal savings.
  • Other assumptions you will need to make are future tax rates, inflation and rate of return on your investments.

It is advisable to contact a qualified financial advisor to assist you with the preparation and implementation of your plan and then provide you with periodic up-dates.

Insulators Local 95 Benefit Trust Fund c/o Benefit Plan Administrators 
90 Burnhamthorpe Road West, Suite 300 Mississauga, Ontario L5B 3C3