麻豆社

MEMORANDUM

To: Members of the 麻豆社 Staff Pension Plan

Date: June 14, 2016

Re: 聽Notice about Amendment to the Definition of 鈥淚nterest鈥�

麻豆社 Staff Pension Plan (the 鈥淧lan鈥�)

Registration Number 0242297

On the recommendation of the Pension Advisory Committee (PAC; comprised of representatives of the Board of Governors and all of 麻豆社's employee groups), the 麻豆社 Staff Pension Plan (hereafter referred to as 鈥渢he Plan鈥�) will be amended effective July 31 2016, to change the calculation of the rate of Interest credited on Regular Contributions under the Plan from a Pension Trust Fund rate of return approach to a rate determined as the twelve month average of the yields of 5 year personal fixed term chartered bank deposit rates.

The new Interest crediting rate on Regular Contributions is the same as the rate of interest currently being credited on Member Supplementary Contributions (i.e., the contribution equal to 2% of salary that Members are making to the plan) and will be effective August 1 2016.

This amendment does not affect pension benefits already in pay or the monthly retirement benefit to be payable to current active Members on their eventual retirement.

A copy of the has been posted at under 鈥淕etting Started鈥�. If you have any questions about this notice, please contact 麻豆社 Retirement Services by email pensions@dal.ca or by telephone at (902) 494-1782.

Members of PAC