Friday, December 18, 2015
Our commitment to provide the most engaging participant experience
Participants in a group retirement plan with Desjardins Insurance will now find planning for retirement even easier. Everything about On Target Retirement® is geared to enticing and encouraging plan participants to take an active role in their own retirement planning. On Target Retirement also helps plan sponsors meet their CAPSA8 guidelines of providing participants with tools and information to help them understand and estimate their income at retirement.
On Target Retirement gets results. Research shows that in 2012, On Target Retirement users contributed 115% more than non-users. And in 2014, that number increased to 117% for users versus non-users.
Now available on a tablet, context-based messages are displayed throughout the tool and a call-to-action button below some messages makes it easy for participants to make any adjustments.
When plan sponsors provide participant data, On Target Retirement can be pre-populated so that even before participants enrol in the plan, they will immediately see a projected retirement income on their homepage. If they don’t input their salary or contribution amount right away, within six months the tool will automatically calculate a projected income based on their contributions to date.
Participants can now see a breakdown of their retirement income. A simple pie chart visually displays how much income will be from government plans, personal savings and their group plan.
® Registered trademark owned by Desjardins Financial Security Life Assurance Company.