As a nonprofit employee, how does a pension help you?
Most people want to know they will have secure and predictable income for retirement and a defined benefit (DB) pension plan can be an important part of retirement security. Kawartha Participation Projects (KPP) – a nonprofit, charitable organization supporting people with diverse needs, began specifically looking for a DB pension plan and came across OPTrust Select through their research.
The research was spearheaded by Patrick Cooper, KPP’s CEO, who understood the value of bringing in a DB plan to his organization. “I want to make sure that my employees are happy, and their well-being is taken care of when they arrive to work and when they leave for the day, and that extends into their retirement.”
Finding OPTrust Select – a new DB pension offering designed specifically for the nonprofit, charitable and broader public sector organizations in Ontario, was “a great opportunity to bring in a pension for our employees at KPP.” While introducing the idea of OPTrust Select to his employees, “it encouraged a robust conversation about financial literacy, how a pension plan works and understanding their money now – an unexpected benefit,” he added.
Joining OPTrust Select is a first for KPP. “It has been a great experience for us. We are pretty excited to have a pension. Employees can actually begin building a future and looking forward to it,” said Kasey Bretherick, HR Assistant/Communications Consultant at KPP.
An OPTrust Select pension, combined with personal savings, and government programs such as CPP and OAS, provides a simple way to invest in your financial future. To learn more about the pension plan and your eligibility to join, please contact us.