Ontario Tech's Defined Contribution Pension Plan (DCPP)

Are you a new member of the Ontario Tech University pension plan? Review the My Plan/Start Savings Guide for an overview of the plan.

For a more comprehensive information about your pension plan, please view the Defined Contribution Pension Plan (DCPP) member booklet. 

Pension eligible employees are reminded that November is the designated period for reviewing and updating pension contribution options, effective January 1st of the following year. Eligible adjustments include the following;

• Additional Voluntary Contribution (AVC): make an additional contribution above the required amount, depending on your employee group, and,
• 2% Contribution Allocation: HAS eligible employees may allocate up to 2% to either their Pension Plan or Health Spending Account (H.S.A), in 0.5% increments.

Please be advised that contribution elections can only be adjusted once per year. If no new Annual Election form is submitted by the due date listed in the Annual Election communication email, the prior year's election will remain in effect for the upcoming year. 

Additional Resources

New! Pension contributions can now be viewed on the employee dashboard. Please refer to the job aid Understanding your Pension Contributions.

For more information regarding the Pension Plan, please see the full booklet here.

As a member of the University’s pension plan, you can access your quarterly pension statements at mySunLife.ca. 

You'll want to review your account statements regularly to:

• evaluate where your current plan assets are invested;
• review your investment instructions for future contributions; and
• get updates on your investment lineup and tips on making the most of your retirement savings

Adding or Changing your pension plan beneficiary

There are 2 ways to add/change your beneficiary:

1. On the Sun Life website/application:
   1. Login to www.sunlife.ca
   2. Go to the Investments tab
   3. Click on the Defined Contribution Pension Plan (DCPP) wording
   4. Select the Manage Beneficiaries option, click on the Beneficiaries tab
   5. Click on the Edit beneficiarie's button

2. Fill in the Beneficiary Designation Form.

If your beneficiary is a minor (less than 18 years of age), a trustee must be appointed. In this case, fill in the Appointment of Trustee for a Minor Beneficiary Form. 

If you have separated/divorced from your partner, please see the instructions here.

Transferring In Assets

If you have assets in another pension plan that you wish to transfer into to the University’s Pension Plan, please click here for full details.

All forms and/or questions can be directed to pensionandbenefits@ontariotechu.ca.

• • Managing your Ontario Tech University Pension Plan 
  • SunLife Financial Wellness webinar series

Retirement Planning Guide

Responsible investing

• Responsible investing: Environmental, social and governance factors
• Morningstar tools at your fingertips

Investment Principles

• What is diversification and why is it important to me?
• Is your money in the right target date fund?
• Can you take on more risk to achieve higher rates of return?