SLB Helps you grow your savings with Employer contributions and flexible matching. Save more. Live well.
Retirement and Savings Plan
Your Retirement and Savings Options
As part of your comprehensive benefits package, SLB offers a competitive Retirement and Savings Plan, designed to support your financial well-being at every stage of life.
To help you build a strong foundation for retirement, SLB contributes 6% of your eligible compensation to a Defined Contribution Pension Plan (DCPP)—automatically and at no cost to you.
We also understand that your financial priorities may extend beyond retirement. Whether you’re planning for a home purchase, education, or unexpected life events, you have the flexibility to contribute to a variety of non-restricted savings products that allow for withdrawals as needed.
To further support your savings goals, SLB offers a 100% match on your contributions, up to 4% of your eligible compensation — maximizing the value of your investment in your future.
Here are the highlights:
| Plan | Feature |
|---|---|
| DCPP | SLB will contribute a base 6% of your admissible compensation. |
| DCPP, RRSP, TFSA, and NREG | When you contribute up to 4% of your admissible compensation, SLB will match 100% of this contribution. |
For more information review the SLB Retirement and Savings Plan Guide.
Click on the section below for more information.
Contributions
SLB’s contributions
- SLB contributes an automatic 6% of your earnings to the DCPP.
- SLB matches 100% of your contributions (up to 4% of your earnings in total) that you make to the DCPP, Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) and/or Non-Registered Account (NREG).
Your contributions
- Contribute up to 4% of your earnings and receive a full match of 100% of these contributions from SLB. You can direct your contributions to the DCPP, RRSP, TFSA and/or NREG.
- Contribute any amount above 4% of your earnings to the DCPP, RRSP, spousal RRSP, TFSA, and/or NREG. When making contribution decisions, keep in mind your RRSP and TFSA personal contribution limits as well as SLB’s contribution maximums.*
Information about your contribution limits:
- If your annual DCPP limit is reached, SLB will automatically redirect contributions to the NREG. The SLB base 6% will go to the NREG as employer required contributions.
- It is up to you to monitor your RRSP and TFSA contribution limits. Once you’ve reached your RRSP limit, you can redirect these contributions to the TFSA or NREG. Or, if you’ve reached your TFSA limit, you can redirect your TFSA contributions to the RRSP, spousal RRSP or NREG.*
* Contribution maximums – You may contribute up to 8% of your earnings to the DCPP and 50% of your earnings to the DCPP and 50% of your earnings to each of the RRSP, TFSA and NREG. (Collectively, your contributions to the plan are limited to a maximum of 70% of your earnings.)
Investments
An advantage of your plan is the opportunity to make your own investment choices for both your contributions (all accounts) and SLB’s contributions. Learn more about your investment options, including target date funds at Sun Life.
Beneficaries
Admissible Compensation
The Retirement and Savings plan contributions are based on your admissible compensation in the current pay period. Admissible compensation is inclusive of but not limited to base pay, overtime, bonuses, commissions and geographical coefficients.
