University of Regina Charleen Turner | May 13, 2015

RETIREMENT

PROGRAM

UPDATE

Sponsor the program• Plan design• Making contributions• Selecting Investment

Managers• Selecting funds• Selecting the

record keeper• Monitoring the plan• Member education• Ongoing information &

communication

University of Regina

Record keeping• Preparing statements• Developing saving

and investment tools• Provide member

information sessions• Rebalance asset mix

of Life Cycle funds• Member inquiries

Sun Life Financial Investment Managers

Funds• Performing research• Creating the fund• Selecting the stocks

or bonds• Buying and selling

You/member

Your Account• Making contributions• Understanding

investments• Choosing

investments• Monitoring savings

and investments• Filing personal

information updates• Paying fund

management fees• Paying

administration fee

RESPONSIBILITIES

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•Compulsory for eligible new hires

Eligibility

•7.5% up to the maximum pensionable earnings limit (for 2015 is $140,944.50)

•2015 maximum contribution per month $880.90

Employee Contributions

•7.5% up to the maximum pensionable earnings limit (for 2015 is $140,944.50)

•2015 maximum contribution per month $880.90

Employer Contributions

•Lumps sums and transfers in permitted

Transferring in

DEFINED CONTRIBUTION PENSION PLAN

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HOW DO YOUR FEES COMPARE?

Money Market

Fixed Income

Canadian Equity

0.81%

1.38%

2.25%

Average Retail Fees*

Highest fees in your plan**

0.25%

0.56%

0.58%

US Equity 2.22% 0.25%

Global Equity 2.58% 0.91%

International Equity 2.43% 1.07%

* As at January 31, 2014, Source: BMO fund facts, TD Asset Management, Scotiabank, RBC, CIBC Investorpos**Fund Management Fees as at March 31, 2015

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Target Date 2.16% 0.60%

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Fund asset mixTotal plan assets

(1) Canadian Equity includes company stock(2) Target date includes balanced funds and asset allocation funds

Asset Category/Fund Balances as at Dec 31, 2013 % of assets Balances as at Dec 31, 2014 % of assets SLF Overall as at Dec 31, 2014

Canadian Equity $5,371,748.13 5.6% $6,451,293.13 5.7% 30.3% (1)BLK ACTIVE CANADIAN EQ $1,885,857.41 2.0% $2,287,385.49 2.0%CC&L GRP CDN EQUITY FND $3,485,890.72 3.7% $4,163,907.64 3.7%

Fixed Income $5,454,227.01 5.7% $5,905,264.05 5.2% 9.7%PH&N BOND FUND $5,454,227.01 5.7% $5,905,264.05 5.2%

Foreign Equity $7,204,987.00 7.6% $7,884,589.33 6.9% 12.8%BLK US EQUITY INDEX REG $3,689,396.42 3.9% $4,824,423.23 4.3%MFS GLOBAL EQUITY $1,988,749.89 2.1% $1,643,963.83 1.4%TMPL INTL STOCK TRUST $1,526,840.69 1.6% $1,416,202.27 1.2%

Guaranteed/Money Market $2,186,677.65 2.3% $2,600,171.57 2.3% 10.1%SLA 1YR GUARANTEED FUND $476,028.76 0.5% $513,072.62 0.5%SLA 3YR GUARANTEED FUND $338,843.12 0.4% $217,903.51 0.2%SLA 5YR GUARANTEED FUND $432,776.33 0.5% $518,353.96 0.5%SLF MONEY MARKET $939,029.44 1.0% $1,350,841.48 1.2%

Target Date $74,965,396.83 78.8% $90,625,477.33 79.9% 37.1% (2)BLK LP INDEX 2015 FUND $9,038,840.18 9.5% $0.00 0.0%BLK LP INDEX 2020 FUND $12,401,501.61 13.0% $15,369,569.42 13.5%BLK LP INDEX 2025 FUND $13,586,110.00 14.3% $16,995,829.82 15.0%BLK LP INDEX 2030 FUND $13,410,263.20 14.1% $17,676,006.28 15.6%BLK LP INDEX 2035 FUND $11,257,854.83 11.8% $14,063,094.45 12.4%BLK LP INDEX 2040 FUND $6,442,829.98 6.8% $8,363,572.07 7.4%BLK LP INDEX 2045 FUND $3,551,635.34 3.7% $5,054,725.86 4.5%BLK LP INDEX 2050 FUND $242,604.49 0.3% $611,440.92 0.5%BLK LP INDEX RETIREMENT $5,033,757.20 5.3% $12,491,238.51 11.0%

Grand Total $95,183,036.62 100.0% $113,466,795.41 100.0% 100.0%

Data as at December 31, 2014

Please note that the BLK LP INDEX 2015 FUND has matured and it’s assets were swept into the BLK LP INDEX RETIREMENT FUND on December 11, 2014.

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Number of funds used by membersBalances (1,087 members in the DCPP only)

1 2 3 4 5 6 7 8 9 10 11 120

100

200

300

400

500

600

700

800

900

1000905

44 17 48 33 18 12 4 1 2 2 1

Number of funds

Num

ber o

f mem

bers

Data as at December 31, 2014

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100% of members in one fundBalances (905 members in 1 fund only, DCPP only)

BLK ACTIVE CANADIAN EQ

BLK LP

INDEX 2020 FUND

BLK LP

INDEX 2025 FUND

BLK LP

INDEX 2030 FUND

BLK LP

INDEX 2035 FUND

BLK LP

INDEX 2040 FUND

BLK LP

INDEX 2045 FUND

BLK LP

INDEX 2050 FUND

BLK LP

INDEX RETIREMENT

BLK US EQUITY IN

DEX REG

PH&N BOND FUND

SLA 1YR GUARANTEED FUND

SLA 3YR GUARANTEED FUND

SLA 5YR GUARANTEED FUND

SLF M

ONEY MARKET

TMPL INTL S

TOCK TRUST0

20

40

60

80

100

120

140

160

3

101

119

138 135142

107

28

99

4 103 1 5 9

1

Num

ber o

f mem

bers

Data as at December 31, 2014

8

Number of funds used by membersInvestment Instructions (DCPP only)

1 2 3 4 5 6 7 8 9 10 110

200

400

600

800

1,000

1,200

998

44 19 47 38 19 9 5 1 2 2

Number of funds

Num

ber o

f mem

bers

Data as at December 31, 2014

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100% of members in one fundInvestment Instructions (998 members in one fund only, DCPP only)

BLK ACTIVE CANADIAN EQ

BLK LP

INDEX 2020 FUND

BLK LP

INDEX 2025 FUND

BLK LP

INDEX 2030 FUND

BLK LP

INDEX 2035 FUND

BLK LP

INDEX 2040 FUND

BLK LP

INDEX 2045 FUND

BLK LP

INDEX 2050 FUND

BLK LP

INDEX RETIREMENT

BLK US EQUITY IN

DEX REG

PH&N BOND FUND

SLA 1YR GUARANTEED FUND

SLA 3YR GUARANTEED FUND

SLA 5YR GUARANTEED FUND

SLF M

ONEY MARKET

TMPL INTL S

TOCK TRUST0

20

40

60

80

100

120

140

160

4

109124

148 146 152

120

34

122

412

5 1 5 111

Num

ber o

f mem

bers

Data as at December 31, 2014

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15 25 35 45 55 65 750%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Age

% in

equ

ities

Member average equity holdings

by age

% Equities (Min)

% Equities (Max)

Range of Typical Target Equity roll down

Age vs. percent in equitiesDCPP ONLY (1,087 members)

Data as at December 31, 2014

• Built for you – Target Date Funds/Balanced Fund

• Built by you – Select funds from different asset classes to meet your risk profile

Highlights – DC ComponentTwo Investment Approaches

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Understanding Risk vs ReturnR

ewar

d

RiskLow High

Low

Hig

h

Bond (Fixed Income) Funds

Money Market Funds

Guaranteed Funds

Canadian, US, Global &International Equities

Target Date FundsBalanced

Built for you

• BlackRock LifePath® Index Funds (Passive Strategy)• investments reflect the applicable index • 5 year age bands (ie 2020, 2025, etc)

• Default fund: if you don’t elect, both your contributions and your employer contributions go into the Fund closest to when you turn 65 (but not over 65)

Highlights – DC ComponentTwo Investment Approaches

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BUILT FOR ME

Fund Class Fund Fees*

Target Date

BlackRock LifePath® Index 2020 FundBlackRock LifePath® Index 2025 FundBlackRock LifePath® Index 2030 FundBlackRock LifePath® Index 2035 FundBlackRock LifePath® Index 2040 FundBlackRock LifePath® Index 2045 FundBlackRock LifePath® Index 2050 Fund

BlackRock LifePath® Index Retirement Fund

0.42% -

0.60%

*Fund Management Fees as at March 31, 2015 include but are not limited to fund management fees, administration fees and operating expenses. University of Regina Levy $60 per year plus .06% included in the fee quoted above

SUN LIFE BLACKROCK LIFEPATH INDEX FUNDS

Allocations are for illustrative purposes only

Year indicates target year for retirement

Time horizon

Short Long

Risk %

Ret

urn

%

The invention

that changed the

DC landscape

LifePath Key Features:

• Investment objective is stable consumption through retirement.

• Strategic glidepath: no tactical bets.

• Static allocations at and through retirement with an equity landing point of 40%.

How does it work?• Glidepath of diversified portfolios that

systematically reduces risk as participants move closer to retirement

• Early career portfolio allocation that provides growth through diversified equity exposure

• Retirement portfolio allocation that optimizes the probability of 30 years of successful retirement over a range of drawdowns and return assumptions

Source: BlackRock15

Source: BlackRock

TARGET DATE FUNDS = LIFEPATH® FUNDS

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HOW TO CHOOSE YOUR TARGET DATE FUNDS

35

30

2015

LifePath 2020

LifePath 2025

LifePath 2030

LifePath 2035

LifePath 2040

LifePath 2050

LifePath 2045

Years until retirement

Your retirement year2045:

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DIVERSIFYGrowth of $10,000 – December 2004 – December 2014

$11,877

$12,107

$16,798

$20,793

Dec 04Jun 05Dec 05Jun 06Dec 06Jun 07Dec 07Jun 08Dec 08Jun 09Dec 09Jun 10Dec 10Jun 11Dec 11Jun 12Dec 12Jun 13Dec 13Jun 14Dec 14

$5,000

$10,000

$15,000

$20,000

$25,000

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BUILT BY ME

Fund Class Fund Risk Fees*

Guaranteed /Money Market

SLA 1,3,5 Year Guaranteed FundSLF Money Market Fund Low N/A

0.25%

Fixed Income PH&N Bond Fund Low-Moderate 0.56%

Canadian Equity BlackRock Active Canadian Equity FundCC&L Group Canadian Equity Fund

Moderate - High

0.56%0.46%

US Equity Blackrock US Equity Index Fund Moderate - High 0.25%

International and Global Equity

MFS Global Equity FundTempleton International Stock Trust Fund

Moderate - High

0.91%1.07%

Fund Management fees as at March 31, 2015, include but are not limited to fund management fees, administration fees and operating expenses. University of Regina Levy $60 per year plus 0.06% included in the fee above.

SUN LIFE RESOURCESCall 1-866-733-8612

– For access to your account • Account balances• Rates of return• Market information• Transfer between funds• Change investment instructions

– For help understanding your plan• Enrolment assistance• Help available in 150 languages

Automated Telephone System

Mon-Fri. 5 a.m. – 5 p.m.

PT

Customer CareCentre

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Tools

mysunlife.ca

Information Transactions

Asset allocation tool Retirement planner Financial and retirement planning tools

Account balancesOn-line statementsPersonal rates of returnInvestment reports from Morningstar

Transfer between fundsChange investment instructions

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• Customer Care Centre – 1-866-733-8612 – ID and password– Or personal information

• Mysunlife.ca– ID and password– Change by $ or %

MAKING CHANGES

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WEB DEMO: mySunlife.ca

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• Changes to your payments (PRIF)• Sun Life Customer Solutions Centre

• 1-866-224-3906

MAKING CHANGES

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Resources available:• Sun Life Financial:

• www.mysunlife.ca/uregina• Bulletins, on-line newsletters, etc.• On-line tools such as: Investment Risk Profiler and

Retirement Calculator• Customer Care Centre 1-866-896-6976• Financial Services Consultant (In Plan Advice) 1-888-864-5463

• Consult a Financial Advisor:• Sun Life Financial – Jennie Aldworth & Joe Moffat • Certified Financial Planners website www.fpsc.ca/

FINANCIAL PLANNING

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University of Regina members approaching retirement have complimentary access to licensed Retirement Consultants by phone, who can provide:

In addition, referrals to Sun Life Advisors are also available for members seeking holistic retirement planning support.

Needs analysis • Income needs, pros/cons and suitability of various income vehicles, including the University of Regina Group Retirement Fund

• Risk tolerance and pre- and post-retirement investing strategies• Need for protection products• Other circumstances, e.g., non-resident status, outside assets, DB pension,

etc.

Education & guidance

• Unlocking rules• Minimum and maximum payments• Basic tax considerations• Illustrations showing the depletion of savings under various scenarios• General information on government benefits, including CPP and OAS

Setting up an income stream

• Determine the appropriate income solution and investments as applicable• Assist with asset consolidation, inquiries on other products such as travel

insurance• Setting your retirement plan into action and starting income payments

SPECIALIZED RETIREMENT SUPPORT

Your DC Benefit Options on Termination of service (if less than age 55)• Sun Life Choices (i.e. Locked-In Retirement Account)• Other Employer Pension Plan (if permitted) • Other Personal Retirement Plan • RSP / Cash (if considered a small benefit, less than $10,720)• $75 fee for transfers outside of Sun Life Financial

YOUR PENSION BENEFIT

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Your DC Benefit Options at Retirement (if age 55 and over)• Same as for Options on Termination• Sun Life Financial Options:

• Group Retirement Income Plan (PRIF/RIF) sponsored by University of Regina or SLF Group CHOICES PRIF/RIF

• Annuity• Outside of Sun Life Financial

• Other Prescribed Income Plan• Annuity• Note: transfer out fee ($75) if leaving Sun Life Financial

YOUR PENSION BENEFIT

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THANK YOU