Under pension plan's regulations, you can opt to pay an additional, voluntary savings contribution every month to increase your retirement assets.
Notification of additional, voluntary savings contributions
Contact your HR department if you would like to pay voluntary savings contributions. They will notify us of the contributions. Depending on the pension plan, adjustments can be made for the following month or the following year.
Advantages of voluntary savings contributions
Voluntary savings contributions can steadily increase your retirement assets. An affordable amount each month adds up to a lot of money over time. Unlike a buy-in, additional savings contributions can still be paid if an early withdrawal to buy a home has not yet been paid back. Should you become partially or fully disabled, your accrued retirement savings are either paid out as a lump sum or left to increase your eventual retirement pension. Survivors always receive a lump-sum payout.