Voluntary Savings Plan (VSP)
What is the Voluntary Savings Plan?
The Voluntary Savings Plan (VSP) complements your DC pension and helps you to make the most of your retirement savings.
You can choose to contribute 1% to 6% of your pensionable earnings easily and conveniently through payroll deductions or as lump-sum transfers.
Visit the VSP page to learn more.
Can I transfer pension funds from my previous employer into my DC pension?
Pension funds from previous employment cannot be transferred into the DC pension. However, you may transfer the funds into the VSP. If your funds are in a locked-in RRSP they must be transferred as locked-in funds. If they are in a non-locked-in RRSP they may be transferred as not locked-in.
Call the Canada Life Call Centre at 1-866-716-1313, between 8 a.m. and 8 p.m. ET, to find out more.