New SNC-Lavalin Employee Benefits Program

Transcription

1 FOR NON-UNIONIZED CANADIAN EMPLOYEES OF SNC-LAVALIN AND OPERATIONS & MAINTENANCE Welcome to your New SNC-Lavalin Employee Benefits Program Transition Guide

2 You recently learned about your new SNC-Lavalin Employee Benefits Program effective January 1, With this change, Sun Life Financial will become the provider of both your group insurance and retirement and savings programs. As a plan member, this change entitles you to a number of service enhancements and benefits to help you invest better, save better and stay better. With both your group insurance and retirement and savings programs with Sun Life Financial, you ll enjoy having easy access and one-stop support for both programs, online or by calling one toll-free telephone number. Inside this guide Step 1: Get connected! 4 Step 2: Download the app 6 Step 3: Enrol in your Flexible Program 7 How to register for direct deposit 10 Good to know 11 How to register for coordination of benefits (COB) with your spouse 12 One Retirement and Savings Program: Many Benefits 13 Step 4: Enrol in your Retirement and Savings Program 14 Your contributions 15 Your investment instructions 16 Your beneficiary designation 19 Important dates 20 Checklist 21 Appendix 1: Replacement portfolios for transferred assets 22 Appendix 2: Your investment approaches and fund lineup 24 2 SNC-Lavalin Employee Benefits Program

3 Now it s time for you to enrol, review and update, where needed, your plan information and instructions. But first, set up your account at Sun Life Financial. One phone number Available any business day between 8 a.m. and 8 p.m. ET to answer all of your questions regarding your group insurance and retirement and savings programs. One website - mysunlife.ca/snclavalin Once your account is set up, you have 24/7 access to the tools, services and information you need to manage all of your Employee Benefits Program online in one convenient place. One app - my Sun Life Mobile Use the app to submit and track benefits claims, check full coverage details and your retirement and savings plan balances, look up drugs, access helpful tools to help you save more money, and use your phone to show your virtual drug and coverage cards whenever and wherever you need them. 3

4 Sign in Forgot your Access ID? Forgot your password? Register and conditions Step 1: Get connected! You need your access ID and password to access your account, plan and benefits information and an entire suite of tools. This is the same access ID and password you use for the Customer Care Centre, secure website and mobile app. This is the same access ID and password to access both your group insurance and retirement and savings accounts. To register: Go to mysunlife.ca/snclavalin and select Register on the right-hand side of the page. WELCOME TO YOUR SNC-Lavalin Employee Benefits Program Sign in Access ID: Remember my Access ID Password:? Then follow the directions on the screen. You will need to enter information about your plan, so please have this information handy. You ll find your Retirement and Savings account number, Group contract/policy number and member ID in the welcome or letter you received from Sun Life. To obtain your Temporary registration code, click Need a registration code? If Sun Life already has your address on file, you will receive your temporary registration code right away by . If we do not have your address on file, you will receive the registration code in the mail. If we don t have your workplace on file, add it now! You can also add your personal address (recommended). Be sure to check You can use this information to sign in (so you don t have to remember your numerical access ID). Enter your password. WELCOME! GROUP INSURANCE RETIREMENT AND SAVINGS Welcome to your program Online tutorial Getting involved in your workplace plan Learn and plan Checking on my Health & Wellness Setting your retirement savings goals Looking after my Mental Wellness Investment advice is a phone call away Questions? Call to my Sun Life Mobile connect with benefits and retirement Customer Care Centre representatives, Faster. Easier. More connected. any business day, 8 a.m. to 8 p.m. ET. Sun Life Assurance Company of Canada. All rights reserved. legal I privacy I security Don t have an Access ID? By signing in, you agree to these terms If you are not a member of this group plan, please use mysunlife.ca to sign in and access your account Select your verification question and answer, then click Continue and confirm your Contact preferences. You re all set up! On the next screen, select Employer investments and savings OR Health/dental benefits. > Forgot your access ID? On mysunlife.ca/snclavalin select I forgot my access ID. > Forgot your password? On mysunlife.ca/snclavalin select I forgot my password. > You may also register via phone by calling any business day between 8 a.m. and 8 p.m. ET. 4 SNC-Lavalin Employee Benefits Program

5 Already a Sun Life plan member? If you already set up your access ID and password to manage your current group insurance account, you can use the same information to access your retirement and savings plan account. Skip step 1 and use your existing access ID and password to sign in to mysunlife.ca/snclavalin. 5

6 Step 2: Download the app The my Sun Life Mobile app lets you do everything you re used to, but on the go! Download the my Sun Life Mobile app on your smart phone or tablet (available through Apple and Google Play app stores). You ll need to set up your access ID and password before signing in. See Step 1 to find out how to register. Now, sign in and enjoy! You don t have to sort out the options by yourself! In the next few weeks you may receive a phone call from Sun Life Financial to provide further information and assistance regarding enrolment, walk you through your program and help you make the most of the options available to you. If you don t want to wait, call us at any business day, 8 a.m. to 8 p.m. ET. 6 SNC-Lavalin Employee Benefits Program

7 Step 3: Enrol in your Flexible Program Keep track of your Group Insurance Program contract numbers Extended Health Care and Dental benefits, Health Spending Account: Life and Long-Term Disability (LTD) benefits: Optional Critical Illness benefits: Your member ID is included in the welcome or letter you received from Sun Life. It corresponds to your Workday ID. > A. Review the tools and resources available to learn more about the highlights of your program. > B. Confirm your personal information Sign in to your account on mysunlife.ca/snclavalin using your access ID and password Under the heading my health and well-being, click on the [Enrolment] link to take you to the Welcome to Group Benefits Enrolment page From the Enrolment page, select [Enrol in your group benefits plan] You will be asked to authorize Sun Life Financial to use your information to administer your plan You must select [I agree] in order to continue You should review your personal information and your family information to ensure it is correct. You can update this information and also choose your language preferences directly online, quickly and easily. Select [continue] to go to Dependent Information or go to C - Make your benefit selections. 7

8 > C. Make your benefit selections Enrol in your new plan from October 17 to November 9, 2016, from 7 a.m. to 10 p.m. ET. If you do not enrol in your Flexible Program by November 9, 2016: default coverage will be applicable until the next re-enrolment period, or until you have a qualified life event. After you have completed the benefit selections process, any unused Flex Credits will be shown in red. You can allocate these unused Flex Credits to your Health Spending Account (HSA) or take them in taxable cash, or a combination of both. Note that the minimum annual HSA contribution is $60. Enter the amounts in the available boxes, then select [recalculate flex balances]. Your default coverage includes: Current basic and optional Life insurance coverage Current basic and optional Accidental Death and Dismemberment (AD&D) coverage LTD Comprehensive option Medical Comprehensive option, as per dependent information currently on file; and Dental Basic option, as per dependent information currently on file Any remaining credits you have after the default coverage are remitted in cash and are taxable. At the top of the page, you ll see the Flex Credits available to you under the title, Your Flexible Benefit Credits. These are the total Flex Credits available for you to spend. From here, you may choose your elections, which will trigger the page to refresh and display options available under this coverage. Review the table showing the summary of your benefit selections and total annual costs. If all is OK, select [submit] to complete your enrolment. You can modify your options and select [submit] as many times as you want before the end of the enrolment period. Your final benefit selection will be the last one submitted before 10 p.m. ET on November 9, When you ve made your choices select [calculate costs now]. Check that all your entries are correct and select [continue] at the bottom of the page. Note You do not have to submit proof of good health if you maintain your current level of optional Life or AD&D coverage. If you enrol by November 9, 2016, you will also have the opportunity to enrol for $50,000 of Optional Critical Illness Insurance without answering any health questions. Please refer to the Critical Illness What you need to know document for more details. 8 SNC-Lavalin Employee Benefits Program

9 > D. Review your Coverage Summary You will now see your coverage summary. To print this summary, select [print view] at the bottom of the page. A second window will open. Select [Print] then close the window to return to your Coverage Summary. It is recommended that you print and save a copy of your Coverage Summary for your records. If any benefits are shown as pending on this summary, you or your dependents will need to complete a Statement of Health form in order to be approved for coverage. If this applies to you, select [Get Form] to print a Statement of Health form. Complete the form and send it to: Sun Life Assurance Company of Canada Group Medical Underwriting PO Box Stn CV Montreal QC H3C 4T9 Once we receive your Statement of Health, we ll contact you to let you know if your application is approved. To name a beneficiary or update your existing nomination select [Get Form] to print a Beneficiary Nomination Form. Remember you must sign and date your form and return it to Sun Life Financial. If you need tips on naming a beneficiary, select [More information about nominating beneficiaries]. To complete your online enrolment once you ve made your final changes, select [sign out] to end your enrolment session. Your beneficiary designation Even if you have already selected beneficiaries under your current group insurance program, you must select your beneficiaries again for the Flexible Program. However, any previous irrevocable designation will prevail. It is recommended that you nominate a beneficiary to ensure that in the event of a life claim, payment can be made promptly and according to your wishes. Special note for Quebec residents If you are a Quebec resident and name your legal spouse as your beneficiary, this designation is considered irrevocable (meaning you must have your spouse s written consent to change your beneficiary designation) unless you specify revocable when first naming your spouse as a beneficiary. 9

10 How to register for direct deposit Sign up for direct deposit to get quicker and more convenient claim payments. Even if you have previously registered for direct deposit with Sun Life, you have to register again. Sign in to mysunlife.ca/snclavalin Click [my claims] under the heading my health and well-being on the Home page Select [Direct deposit] under the Take me to drop-down menu on the right side of the page Select [update] under Step 1, provide your bank information and click [submit] Select [update] under Step 2, enter your address and preferences, and click [submit] Click [done] to complete your direct deposit registration 10 SNC-Lavalin Employee Benefits Program

11 Good to know Expenses incurred prior to January 1, 2017: The deadline for claims to be received by Sun Life Financial is March 31, These claims are to be submitted under your current contract (25622 for SNC-Lavalin employees and for Operations & Maintenance employees). Generic substitution: Starting on January 1, 2017, if a generic drug exists and you choose to buy the brand-name drug instead, you will be reimbursed for the cost of the lowest cost alternative (usually generic), unless your doctor provides medical justification for the brand-name drug. Exceptions are subject to Sun Life s approval. Exception drugs approved under your current program will automatically be approved under the Flex Program. Use your virtual drug and coverage cards! You will not be receiving plastic cards with your new Flexible Program. Your drug and coverage cards will be accessible through the my Sun Life Mobile app. Save your cards in your e-wallet and make sure to share them with your dentist or pharmacist for instant payment of your covered expenses. Should you wish to print your cards, sign in to mysunlife.ca/snclavalin, select your contract number under the heading my health and well-being from the Home page, then follow the Print Drug Card link on the right side of the Quick View page. Make sure to use your current cards for expenses incurred until December 31, otherwise your claim will be rejected. The new cards will be effective January 1,

12 How to register for coordination of benefits (COB) with your spouse If you have a spouse who also has a benefits plan with family coverage, you may be able to claim benefits under both plans. Coordination of benefits (COB) allows you to claim under both plans for up to a combined maximum of 100% of the eligible (reasonable and customary) amount of the coverage expense. To find out how to do this, sign in on mysunlife.ca/snclavalin, select your contract number under the heading my health and well-being from the Home page and then select [Coordination of benefits] under Take me to... (on the right side of the Quick view screen). To update your current COB information: Select [update] Select the statement that applies to your spouse s coverage under each contract number Select [update now] when done We re here for you! As part of your plan we re here to help you with all of your benefits plan needs. Contact us at on business days, 8 a.m. to 8 p.m. ET if you have questions about your plan, including enrolment, updating a beneficiary, or adding coverage to reflect a change in your life. 12 SNC-Lavalin Employee Benefits Program

13 One Retirement and Savings Program: Many Benefits Your Retirement and Savings Program is designed to help you save for your retirement. You have the following plans available to you: SNCL Retirement Plan: this plan is a Defined Contribution Pension Plan (DCPP) SNCL Group Registered Retirement Savings Plan (Group RRSP) SNCL Tax-Free Savings Account (TFSA) Consider the DCPP to take advantage of free money you should consider contributing to this plan first. It has the added advantage of company matching contributions. Then, consider maximizing your savings by contributing to the Group RRSP and TFSA. If you have assets in the Harvest Retirement Savings Program at Manulife (Harvest): SNC-Lavalin has automatically set up some of the new plans for you at Sun Life Financial. It is therefore important that you review the set-up of your account to ensure it aligns with your wishes. When you first review your account online on or after October 17, 2016 you will see how each product in your account has automatically been set up for you. Please review each product s investment instructions and contribution rates to ensure they align with your personal risk tolerance and with your retirement goals. 13

14 Step 4: Enrol in your Retirement and Savings Program If you want to enrol in a product that has not been automatically set up for you, follow these instructions: Sign in to mysunlife.ca/snclavalin using your access ID and password From the Home page, select [my financial centre] under my financial future Select [Let s get started!] to begin Check the boxes beside each plan you want to enrol in For each plan, follow the instructions to choose how much you want to contribute and where you want the contributions to be invested Make sure you designate a beneficiary for each plan you enrol in (at the end of your enrolment, or at any time by selecting [Beneficiary info] from the Quick Links drop-down menu after you finish enrolling) Select [Enrol] from the Requests drop-down menu Expect a phone call from Sun Life Financial In the next few weeks, you may receive a phone call from Sun Life Financial to provide further information about enrolment and to help you maximize your plan. If you don t want to wait, call us at any business day, 8 a.m. to 8 p.m. ET. 14 SNC-Lavalin Employee Benefits Program

15 Your contributions Please take note of this information if you re currently contributing to the Harvest: SNCL Retirement Plan (DCPP): We set up your plan assuming you will maintain your base contribution rate, up to 5%, effective September 30, 2016 in order to benefit from the 100% employer match in the DCPP. If part of your base contribution is currently allocated to a spousal account, we assumed you will maintain your total base contribution rate in the DCPP in order to benefit from the 100% employer match, as no spousal account is allowed in the DCPP. SNCL Group RRSP: If you currently make supplementary contributions to the Harvest, we assumed you will maintain your contribution rate effective as of September 30, 2016 in the new Group RRSP. You can update your contribution rate online or by calling the Customer Care Centre. To update your instructions online, once you ve signed in to mysunlife.ca/snclavalin: select [my financial centre] from the Home page select [Payroll contributions] from the Requests drop-down menu use the Payroll contribution calculator to help you decide how much to contribute from each pay SNCL Group RRSP spousal account: If you currently make supplementary contributions to a spousal account in the Harvest, we assumed you will maintain your contribution rate effective as of September 30, 2016 in the spousal account of the new Group RRSP. you will see your current payroll deduction instructions listed. Simply type in the new percentage you wish to contribute under the Member Contribution column, and select [Save and Continue] review your new instructions, and if you re happy with your choice, select [Submit] You must update your DCPP or Group RRSP contribution rate before December 7, 2016 if you want your new contribution rate to apply to your first contribution at Sun Life in January

16 Your investment instructions Please take note of this information if you have assets in the Harvest: How will your assets held by Manulife transfer to Sun Life Financial? All assets will transfer to Sun Life. This includes your current Harvest account (your group RRSP holding employee contributions and your DPSP holding employer contributions), but also any other account, such as a spousal account, a locked-in retirement account (LIRA), or a non-registered account. Your current asset mix and investment instructions will not carry over to Sun Life Financial. Your transferred assets will be allocated and invested according to the fund mapping table in Appendix 1. As a general rule, all funds with Manulife will be replaced with the SNCL Moderate Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. However, if your assets are currently invested in one of the three balanced portfolios (conservative, moderate or aggressive), the replacement SNCL Target Portfolio chosen for you will reflect the risk profile of the portfolio in which you are currently invested (see Appendix 1 for details). The resulting new investment instructions will be applicable to: Assets transferred from your Harvest account at Manulife DCPP contributions starting in 2017 (employee and employer match) Group RRSP contributions starting in 2017, if applicable If you do not take action regarding your investment instructions before December 31, 2016, your assets at Manulife will automatically be invested in the replacement portfolios at Sun Life Financial as described in Appendix SNC-Lavalin Employee Benefits Program

17 Before changing your investment instructions, you might want to follow these steps to ensure your investment strategy is right for you. a. Determine how comfortable you are with investment risk You can determine your comfort level with investment risk by using the online Asset allocation tool. Sign in to mysunlife.ca/snclavalin using your access ID and password, and select [my financial centre] from the Home page Select [my money tools] under the Resource Centre drop-down menu and select [Continue] to begin c. Learn more about your investment options To learn more about your investment approaches and new fund lineup, review Your investment approaches and fund lineup section in Appendix 2 or sign in to mysunlife.ca/snclavalin. Under my financial future, select [my financial centre] and discover lots of ways to learn through e-books, videos and more under Resource Centre > my learning centre on the top page navigation bar You can also access detailed fund information through Morningstar, a leading provider of investment news and analysis. b. Determine how much you need to save to meet your personal retirement goals The Retirement planner lets you determine how much you need to save now to provide you with your desired income level in retirement. You can adjust a number of variables and, as they change over time, use the planner to update your calculations to see if any changes to your plan are necessary. To access the Retirement planner, select [my money tools] under the Resource Centre drop-down menu followed by Retirement planner Select [Investment performance] under the Accounts drop-down menu, then click on: Rates of Return and Unit Values, to see how the funds available in the plan have performed; or Fund Report, to access tools and information on your funds 17

18 Update your investments You can change your investment instructions online or by calling the Customer Care Centre. There are no charges for transfers; however, a two per cent fee may be charged if you make a transfer into a fund followed by a transfer out of the same fund within 30 calendar days. To update your investment instructions online, select [Change investments] under the Requests drop-down menu. 18 SNC-Lavalin Employee Benefits Program

19 Your beneficiary designation If you have designated a beneficiary for your assets currently with Manulife, it will transfer to Sun Life Financial for the RRSP and DPSP. For your new DCPP, you must designate a beneficiary, or your beneficiary will default to your estate. It is important to choose a beneficiary for your plan assets so they are distributed according to your wishes in the event of your death. Under the DCPP, if you have a spouse when you die, the law stipulates that all or part of the death benefit be paid to your surviving spouse unless where provided, the spouse waives the death benefit. A beneficiary designation other than your spouse would only apply to those death benefits which are not, according to the law, payable to your surviving spouse. If you wish to ensure that your spouse receives all benefits, please designate your spouse here. However, in some pension jurisdictions your spouse can waive this entitlement in writing, allowing you to appoint a beneficiary. Where Quebec law applies, a legal (married or civil union) spouse beneficiary is irrevocable unless you indicate otherwise. Sign in to mysunlife.ca/snclavalin using your access ID and password, and select [my financial centre] from the Home page Select [Beneficiary info] from the Quick Links drop-down menu and provide your beneficiary s information 19

20 Important dates To allow for the transfer of assets to take place, both your Sun Life Financial account and your account with Manulife will be unavailable for transactions, as described below: Changes to your investment instructions and beneficiary designations at Manulife will be allowed until Your existing assets will transfer to Sun Life Financial on Your account will be AVAILABLE for transactions at Sun Life Financial starting 4 p.m. ET on January 19, 2017 January 24, 2017 January 26, SNC-Lavalin Employee Benefits Program

21 Checklist Have you registered for access ID and password? Have you downloaded the my Sun Life Mobile app? Have you enrolled in your Flexible Program? Have you registered for direct deposit? Have you chosen a beneficiary under your Flexible Program? Have you enrolled in your Retirement and Savings Program? Have you determined or reviewed your payroll contribution? Have you determined and reviewed your investment instructions? Have you chosen a beneficiary under your Retirement and Savings Program? 21

22 Appendix 1: Replacement portfolios for transferred assets Review the following chart to see how your assets at Manulife will automatically be invested in replacement portolios at Sun Life Financial. Fund category Existing funds at Manulife Replacement portfolios at Sun Life Financial Balanced Portfolios Guaranteed Conservative Balanced Portfolio Moderate Balanced Portfolio Aggressive Balanced Portfolio SL of Canada daily interest account SNCL Conservative Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. SNCL Moderate Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. SNCL Aggressive Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. SL of Canada - 1 year SL of Canada - 2 years SL of Canada - 3 years SL of Canada - 4 years SL of Canada - 5 years SNCL Moderate Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. 5 years (Compound Interest Account) Money market Bond (fixed income) Money market SLI Canadian Bond Index SLI Canadian Bond Active SLI 22 SNC-Lavalin Employee Benefits Program

23 Fund category Existing funds at Manulife Replacement portfolios at Sun Life Financial Balanced Canadian equity Diversified SLI Canadian growth fund - CC&L Canadian equity JF Canadian equity SLI Canadian small CAP SLI U.S. equity Canadian equity index SLI U.S. equity direct index registered SLI SNCL Moderate Portfolio with a maturity date closest to, but not exceeding, your 65 th birthday. U.S. equity index SLI International equity International equity - Fiera Capital International equity SLI International equity index BlackRock Global equity Global equity - MFS IM 23

24 Appendix 2: Your investment approaches and fund lineup You have a variety of investments to choose from, with two distinct investment approaches in which you can invest and save: built FOR me and built BY me. built FOR me You can simplify your investment decision-making process by choosing from the plan s pre-built portfolios. These are pre-built portfolios based on a target date and your investment risk tolerance. Your target date is the date when you expect to retire or the date at which you expect to start withdrawing assets. SNCL Target Portfolios help you invest based on your investment time horizon meaning when you need your money and your comfort level with investment risk. Each portfolio automatically becomes more conservative (less risky) as it gets closer to its target date, but how the portfolios asset mix adjusts depends on the risk profile you choose. The portfolios provide diversification and are managed by a team of experts to help you stay on track for the long term. At maturity, a portfolio s assets transfer to the SNCL Retirement Portfolio, which is designed for investors who will soon be drawing an income from their savings. Each portfolios asset mix was designed based on the length of time you have until you want your money and your comfort with risk. Here are the built FOR me Target Portfolios available to you: SNCL Target Portfolios SNCL Conservative Portfolio Eight target dates from 2020 to 2055, in five-year increments SNCL Moderate Portfolio Eight target dates from 2020 to 2055, in five-year increments SNCL Aggressive Portfolio Eight target dates from 2020 to 2055, in five-year increments SNCL Retirement Portfolio 24 SNC-Lavalin Employee Benefits Program

25 YOU SHOULD CONSIDER AN SNCL Target Portfolio IF YOU: have a good idea of when you will need your money; have little interest in actively managing your portfolio, or feel you lack the knowledge or experience to manage your portfolio; and are comfortable with the portfolios strategy of decreasing levels of risk and potential returns as you approach your target date. IF YOU DECIDE TO INVEST IN ONE OF THE SNCL Target Portfolios, ALL YOU HAVE TO DO IS: 1. complete the online Asset allocation tool. It provides you with an investment risk profile/score based on your answers to the questions and it only takes a few minutes to complete; 2. determine your target date and invest in the portfolio that most closely matches this date and your investment risk profile and select the corresponding portfolio; 3. review your risk tolerance at least once each year or when a major life event occurs to ensure that the Target Portfolio you re invested in continues to meet your needs. If it doesn t, you can switch to another portfolio that better matches your risk tolerance. Bill s case study Bill is in his mid-twenties; he s busy starting his career, planning a wedding and buying a house. Between upgrading his skills and managing his personal life, he doesn t have much time to think about investing. Bill just wants to put some money away for his future; he doesn t want to spend too much time managing a portfolio. Bill completed the Asset allocation tool and discovered that he has a moderate risk level. Since Bill plans on retiring when he s 65, he chooses the SNCL Moderate 2055 Portfolio. SNCL Moderate 2055 Portfolio* Retirement fund Asset mixes adjust gradually over time as you approach your target date Cash Fixed Income Canadian Equity U.S. Equity International Equity Others 25

26 Beth s case study As a single parent who just started a new job, Beth, 42, is busy balancing work with the demands of her family. With so much on her plate, she wants to save as much as she can and not think about it. Beth completed the Asset allocation tool and discovered that she has a conservative risk level. Beth hopes to retire at 65 (even though she may have to work longer), so she selects the SNCL Conservative 2040 Portfolio. SNCL Conservative 2040 Portfolio* Retirement fund Asset mixes adjust gradually over time as you approach your target date Cash Fixed Income Canadian Equity U.S. Equity International Equity Others Carol s case study Carol s case study Carol is so close to retirement she is actively planning her future. At 55, she has 10 or less years of work left. She wants to make sure she has a diversified portfolio that s moving to a more conservative asset mix as she reaches retirement. Carol completed the Asset allocation tool and discovered that she has a aggressive risk level. To achieve this investment objective, she invests her money in the SNCL Aggressive 2020 Portfolio. SNCL Aggressive 2020 Portfolio* 2020 Retirement fund Asset mixes adjust gradually over time as you approach your target date Cash Fixed Income Canadian Equity U.S. Equity International Equity Others * Portfolio mixes are for illustration purposes only, and do not represent actual allocation of funds. 26 SNC-Lavalin Employee Benefits Program

27 built BY me You can create your own portfolio from a list of specially selected funds. This approach suits plan members who want to actively choose and monitor their investments. You can choose a mix of funds that matches your investor risk profile. You should use the online Asset allocation tool before choosing the built BY me approach. Here are the built BY me funds available to you: Fund category Guaranteed SLA 1 Year Guaranteed fund SLA 5 Year Guaranteed fund Money market Bond (Fixed income) Canadian equity Sun Life Financial Money Market Segregated Fund BlackRock Universe Bond Index Segregated Fund BlackRock S&P/TSX Composite Index Segregated Fund CC&L Group Canadian Q Growth Segregated Fund Jarislowsky Fraser Canadian Equity Segregated Fund U.S. equity BlackRock U.S. Equity Index Segregated Fund BlackRock U.S. Equity Index Segregated Fund (Registered) International equity BlackRock EAFE Equity Index Segregated Fund Fiera International Equity Segregated Fund Global equity Sun Life MFS Global Value Segregated Fund Default option If you do not provide active investment instructions for your plans, your contributions will be directed to the SNCL Moderate Portfolio with the maturity date closest to your 65 th birthday (without exceeding it), which is the default option in your Program. Since this investment option may not be suited to your investment horizon and risk profile, we recommend you take the time to assess your financial and retirement goals to determine the investment strategy that best fits your needs. 27

28 We are committed to helping you continue to invest better, save better and stay better PRIVACY AND YOUR PLAN Within the Sun Life Financial group of companies, protecting your privacy is a priority. Access to your personal information is restricted to those team members and representatives, including individuals from your company s HR department who are responsible for the administration and servicing of your plans with us, or any other person whom you authorize. You are entitled to review your information and, if applicable, to have it corrected by sending a written request to us. For full details of our privacy policy, or if you have any questions or concerns, please send a request by to privacyofficer@sunlife.com or go to sunlife.ca/privacy. All benefits will be paid in accordance with the provisions of the official plan documents. Your employer and Sun Life Financial reserve the right to alter, amend or terminate the plan at any time. Google Play is a trademark of Google Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Group Benefits and Group Retirement Services are provided by Sun Life Assurance Company of Canada. Sun Life Assurance Company of Canada is the insurer, and is a member of the Sun Life Financial group of companies Sun Life Assurance Company of Canada, /16-mzb-je For regular and contractual employees of SNC-Lavalin and Operations & Maintenance. Should there be a discrepancy between this document and the contracts establishing the programs and benefits, the latter shall prevail.