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CCCC Pension Plan

About Us

CCCC offers churches and Christian charitable agencies the opportunity to provide their employees with retirement income.  Any Affiliate or Certified CCCC member organization is eligible to enrol its employees in this program.

The CCCC Employees Pension Plan (the Plan) is sponsored by CCCC, governed by a board of Trustees, and administered jointly by CCCC and Great West Life–one of the largest insurers in the country. The plan is registered with the Financial Services Commission of Ontario, Canada Revenue Agency and all provincial jurisdictions in Canada.

The Plan offers a number of benefits to your employees:

  • the opportunity to accumulate tax-deferred funds for retirement
  • professional administration by Great West Life with online access to account information 24/7 and live support 8:00 a.m. to 8:00 p.m. eastern time
  • the ability for employees to make individual investment choices from a screened list of options
  • access to education information from the Great West Life website, the CCCC Pension website and newsletters
  • semi-annual mailed statements to employees
  • access to retirement pay out options

Responsibilities of Participating Employers

We provide support and resources to our participating employers to help you with any administrative requirements.  Participating Employers have the following responsibilities:

  • Enroll all eligible employees
  • Remit monthly contributions to CCCC as required by pension legislation
  • Ensure pension contributions and pension adjustment information is shown accurately on employee T4 slips
  • Notify GRS about any employee terminations
  • Complete and submit the annual confirmation form to CCCC

Joining the Plan

Each employer must enter into a Participation Agreement.  Please email us or contact us at 519-669-5137 for more information on how to join the plan.

 

The CCCC Employees Pension Plan is a money purchase pension ("defined contribution") plan which has been designed to accumulate employer and employee contributions. Accounts are credited with the full rate of return on the fund, less any related investment management and administration charges.

 

Eligibility includes pastors and other regular employees who are permanent full-time employees.  It may also include part-time employees, when certain conditions specified in the Plan Text.

 

The employee's contributions can be set from 0% to 12% of earnings. The employer's contribution, from 5% to 18% of earnings. Additional voluntary contributions may be made by the employee. (Total of all contributions not to exceed 18%.)

 
  • Balanced Fund   (Jarislowsky Fraser, Meritas-socially responsible)
  • Canadian Equity   (Jarislowsky Fraser, Great-West Life Ethics Fund)
  • American Equity   (McLean Budden)
  • International Equity   (Sprucegrove)
  • Fixed Income (McLean Budden)
  • Money Market   (McLean Budden)
  • Guaranteed Investments   one, three and five year terms.
 

On a quarterly basis, we receive information and analysis from our consultant, Proteus Performance Management, regarding the investment choices available in the plan. The performance of the funds are compared to benchmarks for that investment in order to ensure that the investments of the plan are performing as set out in the Statement of Investment Policies & Procedures.
The trustees review this information, in conjunction with Proteus Performance Management, to determine if changes are necessary.
Quarterly Reports

 

 

 

Plan members have access to their accounts 24/7 by the internet and automated telephone service.  They may view their account, make investment choices and update information online.

 

The CCCC Employees Pension Plan is available to all affiliate and certified members of the Canadian Council of Christian Charities.

Each employer must enter into a Participation Agreement. For more information on how to join contact us online or call us at 519-669-5137.

See our sample enrollment letter for all the steps needed to join.

 

Each member receives an annual statement which lists the current value of the member's holdings and pertinent member information.  Members can view their account information online at any time.

 

A one-time enrolment fee of $150 per employer is the only direct cost. Ongoing administration fees are paid out of investment earnings.

 

The Trustees have engaged the services of PriceWaterhouseCoopers to conduct the annual audit and express an opinion on the financial statements of the CCCC Employees Pension Plan.

Recent financial statements for the Plan are provided below for your information.