Plan for life Your group savings and retirement

Plan for life Your group savings and retirement plan Under a Conveyance and Assumption Agreement, the Manufacturer’s Life Insurance Company assumed all of the liabilities of the Standard Life Assurance Company of Canada.

Manulife and your group retirement plan Stronger now to serve you better. 2

Manulife and your group retirement plan 3 What? § Decision made to keep your group retirement plan on the same administrative system Why? § Focus on making it simpler and easier for you § Innovative technology

New Manulife look Statements Websites Presentations Forms Marketing materials

What’s staying the same Investments VIP Room credentials

Thank you 6

Taylor Freezers 2017 Enrolment 7

Key topics § Retirement considerations § Plan overview § Investment options § Tools and services § Enrolment form § Questions 8

Sources of retirement income 9

Sources of retirement income § Normal retirement benefit CPP/QPP paid at age 65 § Maximum benefit is $1, 114 but average is $558 per month § Early and late retirement benefit payments permitted Canada Pension Plan: Max as of Jan 2017, Avg as of Oct 2016 10

Sources of retirement income CPP/QPP § Maximum OAS benefit is $578 per month § OAS benefits are taxable § Indexed to inflation quarterly OAS: Old Age Security, data as of 2017 11 11

Sources of retirement income Your Group Plan CPP/QPP § Group Plan § Personal Savings § RRSP § TFSA § Non-Registered Your Personal Savings § Other OAS 12 12

Additional resources § For federal government programs like CPP/QPP and OAS § Benefits Finder – www. canadabenefits. gc. ca § Service Canada – www. servicecanada. gc. ca § Régie des Rentes du Québec – www. rrq. gouv. qc. ca § For provincial government programs like retirement housing, healthcare and drug coverage § http: //www. seniors. gc. ca/ §For your Group Plan § Manulife member secure site – www. manulife. ca

Why you should plan for your retirement 14

Did you know? Just 27% of Canadians expect to be fully retired at age 66 Down from 51% in 20081 19% have no idea how much they have saved for retirement 3 1: Ipsos Reid Poll, February 2013 2: “The Future of Retirement: A new reality”, HSBC, February 2013 3: Investor Education Fund, Feb 2013 15 42% of Canadians have never saved for retirement, and 47% of those individuals were between 55 -64 years old 2 50% of Canadians aged 50 and older believe they will run out of retirement savings within 10 years of leaving work 3 One quarter (24%) do not know how much they will need to draw from their savings and investments every year during retirement 3

Retirement risks and challenges INFLATION 16 LONGEVITY HEALTH CONCERNS MARKET VOLATILITY

Keys to retirement success Savings return Time Investment = Your retirement income

Time. Start now, save more The table assumes you’re starting from scratch and that you’re saving enough to get 70% of your salary as retirement income when you’re 65. Say you start saving at age % of your salary you need to save 20 -something 5 to 11 30 -something 8 to 18 Early 40 s 13 to 26 45 or later 17 to 34 The following assumption was made for the purpose of the above calculations: 1 Based on term annuity to age 90 at 5 % and the % of salary were calculated for contributions, wages and retirement incomes that are not indexed as of the years. 18

Plan overview 19

Plan overview Structured Retirement Plan (STRP) Deferred Profit Sharing Plan (DPSP) Employee Contributions Employer Contributions Minimum of $10 per pay period 1% of annual earnings to a maximum of $100, 000 Contributions at employee discretion 50% match up to the lessor of 1. 5% of annual earnings, or $100, 000 Voluntary contributions up to the CRA limits No additional match Plan participation is voluntary Eligibility is first day of the month following 12 months of service DPSP vesting period is 2 years. Withdrawals not permitted Withdrawals from regular contributions will result in a suspension of DPSP contributions for 12 months (HBP & LLP excluded)

How much can I contribute to my RRSP? Limit set by Canada Revenue Agency (CRA) § 18% of previous year’s earned income up to a dollar maximum of $26, 010 (2017) – § Pension adjustment (PA) as found on your T 4 + § Unused contribution room Note: It is your responsibility to monitor your limits Check your Notice of Assessment 21

Pay yourself first Pay government first Total monthly pay Payroll deduction contribution 3, 000 - $400 Taxable income $3, 000 $2, 600 Tax withheld - $734 - $566 After-tax pay $2, 266 $2, 034 After-tax contribution - $400 - $0 Net pay $1, 866 $2, 034 This example is for illustration purposes only 22 $3, 000 Pay yourself first You contribute the same amount, yet your net pay is $168 higher!

Choosing your investments It’s simple and easy… You need to know two things to start investing: § Your investment period § Your investor profile 23

Your investor profile Conservative You are basically a “saver”. You want the security of guarantees as you are very concerned about market volatility. Moderate You essentially want balance. You are more growth-oriented and will accept some risk to get better returns in the long run. Aggressive You are squarely focused on growth. You can accept short-term market fluctuations in order to get the maximum return over the long run. 24

Investment options Please note that we do not recommend any particular investment strategy or fund, whether it is a sample investment mix or a personal investment selection, with or without the Lifecycle Movement and/or asset rebalancing services. Market-related funds are not guaranteed and the value of a member’s units will vary according to market conditions and the performance of the selected funds’ managers. We are not responsible for the returns of the selected investments. Furthermore, the selection of a sample investment mix, with or without the Lifecycle Movement and/or asset rebalancing services, is no promise or guarantee, explicit or implied, that selected investments will generate a satisfactory retirement income. 25

Choosing your investments 26

Investment options Option 1: Avenue Portfolios Choose an Avenue Portfolio, based on your investment period and investor profile. OR Option 2: A la carte Provide your custom investment instructions from the different funds offered in the plan. 27

Option #1: Avenue Portfolios 28

Option #2: A la carte 29

Tools and services 30

Member VIP Room www. manulife. ca To access the VIP Room, both a USER ID & password are required New plan members receive two letters a few days apart: 1 st letter – USER ID 2 nd letter – Your temporary password Reset your password online. Lost or forgotten your USER ID? Just call our Customer Contact Center at 1 -800 -242 -1704 31

VIP Room login page

Member VIP Room 33

Fund performance

One-page summaries § Information on manager § Objective, style of fund § Top 10 holdings § Portfolio composition § Gross rates of return § Can be found at www. manulife. ca 35

Member statement 36

Customer Contact Centre 1 -800 -242 -1704 § 8 am to 8 pm, Monday to Friday (EST) § Investment information and guidance § Help in completing forms § Account & legislation information § Answers to questions about saving for retirement § Help with investment changes 37

Enrolment form Front 38 Back

Enrolment form – DPSP & STRP 39

Enrolment form – DPSP & STRP 40

Enrolment form – DPSP & STRP 41

Enrolment form – STRP only 42

Enrolment form – DPSP & STRP 43

Enrolment form – DPSP & STRP 44

Enrolment form – DPSP & STRP 45

Enrolment form – DPSP & STRP 46

Questions? www. manulife. ca 1 -800 -242 -1704 47