Employees of DOFASCO Retirement Services
Dofasco's Pension Fund Market Value Adjustment (MVA*) is 11.84% at July 31, 2010
*The MVA is the return on all the Fund's investments, if sold at month end.
2009 and 2010 FUND STATISTICS - The Fund assets are invested in a balanced portfolio of equity and fixed income securities.
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
10.17% |
11.40% |
13.92% |
13.36% |
10.46% |
8.58% |
11.84% | |||||
|
-13.97% |
-17.45% |
-12.46% |
-7.45% |
-3.54% |
-2.28% |
0.76% |
4.09% |
7.06% |
4.63% |
7.16% |
11.71% |
YOU NEED TO KNOW....
|
February: ArcelorMittal Dofasco financial results and 2009 Fund Books were distributed. |
THE FACTS ARE...
Close to 6,000 Dofasco employees have received practical advice and information to help with retirement planning! Read more...
Click on the icon for your Personal Retirement Goals Questionnaire 
WHAT RETIREES SAY...
"We have been Fred's clients since 2004. Fred worked with us to prepare for retirement and together we developed a plan that allowed Jennifer and myself to retire early from Dofasco. We have a realistic Retirement Income Plan in place, and we're comfortable our Fund money is in capable hands. If you're looking for a Financial Advisor who knows the Fund and someone you can trust, we highly recommend Fred. Thanks for everything Fred!"
~ Gregg and Jennifer Jacobs - Dofasco Retiree(s)
"I worked with Fred when I retired from Dofasco. I'm happy to recommend him to Dofasco employees. My Retirement Income Plan is working and my investments are doing great. Overall, it's been a terrific year."
~ David Stirling - Dofasco Retiree
"My wife and I dealt exclusively with Fred and GIC Financial Services when I retired from Dofasco. He is very knowledgeable about Dofasco's pension plan. Since retiring our investments have done exceptionally well. We trust Fred and we're happy to recommend him to co-workers, family and friends."
~ Jim and Georgina Burley - Dofasco Retiree
RETIREMENT SERVICES
| Pre-retirement |
|
| The day you "Sign-off" |
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| In Retirement |
|
Pension/fund cost factors (example - Feb 2010) The cost factor reflects the cost to purchase $1 of pension income for a lifetime (with a minimum of at least 5 years payments)
Age
Cost Factor
Age
Cost Factor
48
$16.672
57
$14.401
49
$16.368
58
$14.137
50
$16.105
59
$13.864
51
$15.885
60
$13.617
52
$15.572
61
$13.353
53
$15.346
62
$13.086
54
$15.155
63
$12.783
55
$14.913
64
$12.418
56
$14.619
65
$12.187
How to use the cost factor. An example of an individual retirement at age 55 with 30 year's of service.
MVA of Fund Money / Age 55 Cost Factor = estimated annual pension income
$166,588 / $14.913 = $11,305 per year
PUblications
February 2010 Dofasco Retirement Services Flyer October 2009 ATM - What will retirement look like? DOFASCO Case Study - Guaranteed Income August 2009 ATM - I've been a pilot for... SAFETY FIRST
Frederick Marchildon MBA
Managing Partner
Vice President
Retirement income Specialist
Dofasco Pension Fund Specialist
Independent Insurance Broker
GIC Financial Services Inc.
Golf Links Center Suite 203
34 Stone Church Rd W
Ancaster ON L9K 1P4
905-304-7574 ext 26
frederick_marchildon@gicfinancial.com
Judy Cumberbatch
Advisor Assistant
905-664-7722
Danielle Marchildon
Administrative Coordinator
905-304-7574 ext 31
THE BUILDING BLOCKS...
Canada Pension Plan (CPP) Info
Toll-Free: 1 800 277-9914
CPP Application Form
Application Instructions
Old Age Security (OAS) Information
Toll-Free: 1 800 277-9914
OAS Application Form
CPP/OAS Direct Deposit Form