1. St. Thomas University

2. Meeting agenda Who we are What is changing Plan Overview Changes to OAS/CPP Investment Fund review Services and Support Simply Speaking Tools Next Steps

3. The Great West Life Assurance Company

4. Our organization

5. $201.1* billion in assets under administration serving more than 12 million Canadians….. Or 1 in 3 Canadians does business with us! *as at Sep 30, 2011 (www.greatwestlife.com Quarterly Results)www.greatwestlife.com Quarterly Results

6. What is Changing

7. Why and How Your Pension Committee - –Went through a proposal process and chose GWL Decision - –Your Pension is moving from BMO to Great-West Life Your Total Assets –Transferred from BMO in a lump sum in October Applications: –Each member must complete a Member Application

8. Plan Overview

9. Group RPP What Members contribute What the University contributes RRSP - Voluntary Contributions When do the Contributions vest Eligibility Full Time Staff/Faculty – Date of Employment Part Time Faculty – Upon Reaching “Level 2” You contribute 6% (5% if salary is < $40,000) Your employer 7% Up to Your personal allowable per CRA Immediately *RRSP contribution limit is 18% of previous years salary up to a maximum of $22, 970 (for 2012) CRA T.I.P.S. Automated Services 1-800-267-6999

10. Can you save more? It’s easier than you think! Bi-weekly Per pay Net cost per pay Less tax at source (30%) * Annual contribution 1%$15$10$5$400 2%$31$22$9$800 3%$46$32$14$1,200 4%$62$43$19$1,600 5%$77$54$23$2,000 *Tax rates subject to change Amounts Vary Salary based on $40,000 per year

11. Investment management Fees Assumptions: 6% Rate of Return $200 per month contributions (employer and employee contributions) 30 year saving period (Age 30-65) Investment Management fee difference – 0.50 % St Thomas University versus 2.0% privately Monetary Difference - $66,210 (approximately) Retirement Savings Retirement Savings Balance

12. Changes to OAS/CPP

13. Changes to OAS Changes to commence April 2023- 2029 Increase in age to 67 before eligible If born prior to March 31, 1958 – No change Applies to both OAS and GIS

14. Changes to the Canada Pension Plan CPP retirement pension amounts Increase if taken after age 65 (42% more pension at age 70) CPP retirement pension amounts Decrease If taken before age 65 (36% less pension at age 60) Work Cessation rule changes Working while receiving your CPP retirement pension Impact of low or zero earning years to your CPP retirement pension amount calculation Source: www.servicecanada.gc.ca (1-800-277-9914)www.servicecanada.gc.ca

15. Market Update

16. Asset classes What kind of investor are you?

17. Canadian Equities 1950 - 2011 Afghanistan, Iraq, North Korea Tech bubble bursts, 911 Terrorist attack Gulf War Nixon resigns over Watergate Launch of Sputnik Cuban Missile Crisis House bubble bursts, Credit Crunch

18. Canadian Equities 2010 2006 20042005 200719972003 200019951996 198719911989 198619881985 20111982197719782009 19981973197619721999 19941971197519681993 200219921965196719641983 200119841960196319551980 199019701959195619511961 198119691953194819491958 194019661952194419361954 2008193719621947194319341945 1931197419321946194119421926193519791950 1930195719291939193819241925192819271933 -40 to -30-30 to -20-20 to -10-10 to 00 to 1010 to 2020 to 3030 to 4040 to 50> 50 Annual Rates of Return Source: Canadian Institute of Actuaries (1924 to 1955); Toronto Stock Exchange (1956 to 2011)

19. What kind of investor are you?

20. Your investment personality questionnaire should be reviewed on a regular basis or whenever you have a substantial change in your life. 1st Step… Investment Personality Questionnaire How long has it been since you looked at your profile? Have you had a major Life Change? Marriage Children Divorce Death Illness

21. What kind of investor are you? Investment personality questionnaire Conservative investorModerate investorBalanced investor Advanced investorAggressive investor Fixed income Foreign equity Canadian equity Balanced Asset classes

22. Build your own…. You choose your own asset mix You monitor your investments You know your investor style You have a well balanced portfolio The “Hands On” approach ? Need help with fund selection? Investment menu and fund reports

23. The “Hands off” Approach Asset allocation funds Simple yet sophisticated...

24. Target Risk - 5 different profiles

25. Target Date Funds Current portfolio line-up 2050 Fund2045 Fund2040 Fund2035 Fund20302025Fund2020 Fund 2015 Fund2010 Fund2030 Fund Asset mix of fund line-up in 2010

26. Investments

27. New Investment Platform: Target Risk Funds Target Date Funds Balanced Funds: Beutel Goodman Balanced CC&L Balanced Fixed Income Funds: Beutel Goodman Bond London Capital Bond Index Mortgage Fund Specialty Equity Funds: GWLIM Real Estate Mackenzie Resource Fund Canadian Equity Funds: London Capital Dividend Fund Beutel Goodman Canadian Equity Beutel Goodman Pure Canadian Equity GWLIM Ethics Fund Renaissance Small Cap U.S.Equity Funds: AGF American Growth Equity TDAM U.S. Equity Index Global Equity Funds: Mackenzie Foreign Equity International Equity Funds: Sprucegrove International Equity

28. Investment Changes- Mapping your funds Previous FundNew Fund Integra ConservativeModerate Profile Integra StrategicBalanced Profile Integra GrowthAdvanced Profile Default Fund – Target Risk Determined based on Estimated Date of Retirement

29. Previous FundNew Fund Canadian Funds: Integra Canadian Value Growth FundBeutel Goodman Pure Canadian Equity Integra Equity FundBeutel Goodman Canadian Equity Fixed Income Funds: Integra Bond Fund Beutel Goodman Bond Fund International Funds: Integra International Equity FundSprucegrove International Equity U.S. Funds Integra US Value Growth FundAGF American Growth Equity

30. Balanced Funds: Integra Balanced FundBeutel Goodman Balanced Fund Speciality Funds: Integra Ethical Growth FundGWL Ethics Fund Cash and Equivalents: Integra Short Term Investment FundMoney Market Fund Special GIC 1 Year1 year GIA Special GIC 3 Year3 year GIA Special GIC 5 Year5 year GIA GIC 5 year5 year GIA Previous FundNew Fund

31. Make a Choice for you You choose where your money is invested in the new plan If you do not Choose Your Investments will automatically be re- invested according to Specific Fund Mapping You make the Choice

32. Services and support Support from enrolment to retirement years

33. Services & support 1-800-724-3402 www.grsaccess.com Education Sessions Newsletters & Handouts Statements Retirement Illustrations

34. Your Retirement Guide or YRG For New Members

35. GRS Access Account balances Change investment instructions Process inter-fund transfers Retirement planning tool On-demand statements http://www.grsaccess.com/ Access ID: DEMO Password:ONLINE4U

36. GRS Access - Smart tools Online articles, videos, calculators, e-magazines Offered in levels to suit you –Getting started –Getting serious –Getting close One stop education and information through home page

37. Calculators …

39. Newsletters and Individual Articles - English Services & support

40. Education

41. “Getting Started” – New members “Getting Refreshed” – For existing members “ Getting Close” – For those within 10 years of retirement Webex great alternative to a live meeting One on One’s additional service members should attend a group session first members feel that it was a useful exercise

42. Next Steps

43. Pick up Enrollment guides Fill out Application - Deadline: Make Investment Choices Book One-on-one Session (if required) Next Steps