The SLB Retirement and Savings Plan gives you the opportunity to build your financial future, your way!
Enrolling and Making Changes
Eligible employees are automatically enrolled in the Retirement and Savings Plan.
There is no waiting period to participate in the plan. Here’s how it works:
- SLB contributes an automatic 6% of your earnings into the Defined Contribution Pension Plan (DCPP).
- Employees are auto enrolled at a 4% employee contribution to receive the maximum 4% employer match.
- The investment choice for the DCPP is defaulted to the target date fund closest to your 65th birthday and your beneficiary is defaulted to your Estate.
As your life changes so can your Retirement and Savings Plan choices. For more information about the SLB Retirement and Savings Plan please refer to the SLB Retirement and Savings Plan Guide.
Click on the sections below for more information.
Enrolling
You’re automatically enrolled in the DCPP. SLB makes an employer base contribution of 6%, and you automatically contribute 4% of your eligible annual earnings to your DCPP each pay. SLB also matches 100% of your 4% contribution, for a total overall DCPP contribution of 14%! Until you update it, your investment option will be the target date fund closest to your 65th birthday, and your beneficiary will be your estate.
Action Required
- Sign in to mysunlife.ca. If you haven’t already, Register for an account.
- Manage your DCPP:
- Name a beneficiary for your DCPP by selecting Manage plan, followed by Manage beneficiaries.
- Review your DCPP investment options by selecting Manage plan, followed by my plan, Make a change, then Change investments.
- Review your DCPP contributions by selecting Manage plan, followed by my plan, Put money in, then Manage payroll contributions.
- Review your available savings products. Your plan includes a DCPP, Registered Retirement Savings Plan (RRSP), Spousal RRSP (SRRSP), Tax-Free Savings Account (TFSA) and Non-Registered Account (NREG). You can enrol in a product by selecting Manage plan, followed by Enrol in products, then Let’s get started. Next, select the Add product button for the product you’d like to add, then follow the remaining steps to complete your enrolment.
Making Changes
Life doesn’t stand still—and neither should your financial plan. As your circumstances evolve, it’s important to revisit your retirement and savings choices to ensure they still align with your goals.
You can update your enrolled products, contribution, investments options, and beneficiaries anytime through Sun Life.
