A crisis of savings still present

The Solidarity Fund QFL invites workers to create healthy habits retirement savings..
“On their own, public plans are not enough to offer Quebecers a comfortable retirement. With a savings option also available, the Fund plays a pivotal role in encouraging workers to create healthy habits for saving for retirement. Especially since over ten years, including the effect of tax credits, the shareholders of the Fund had a return of 7.9% 1, which is higher than the average performance of two Canadian balanced mutual funds that s was as high as 4.1%. In addition to an attractive return, the shareholder-owners get the pride of contributing to the growth of great companies like Image Gagnon, Distributions Arnaud, Carpenter Roland Perreault all or Projexco Rimouski Sainte-Luce. Indeed, over the years, more than $ 124 million has been invested by the Fund and its network in the Lower St. Lawrence. A significant contribution to economic development in the region, “said Bolduc.


Quebecers enjoy a longer retirement need more revenue
Quebecers are among those who enjoy their retirement as early and life expectancy is among the highest compared to the rest of the world. This has the effect of extending the period of retirement and, therefore, increase the financial needs at this time. As the Quebec Pension Board believes that the relationship between the number of contributors and the number of beneficiaries of his regime will increase from 3 to 1.5 contributors for every pensioner by 2040 3, today’s workers are better prepare for their retirement, by subscribing to additional savings solutions in order to ensure a more comfortable retirement.

Spared little expense, it is possible
The Solidarity Fund QFL is calling for all Quebecers, particularly young workers, and encourages them to create healthy savings. With 30% additional tax savings provided by the Fund RRSP, workers can save more easily with minimal impact on their budget. For example, saving $ 100,000 4 25 years in the RRSP of the Solidarity Fund QFL, a worker only has to pay $ 22 000 or $ 880 net per year. If he had chosen another investment product as a Canadian balanced mutual fund, the savings would amount to only $ 67,500 5 of the same period.

Sales Campaign 2011
For the current fiscal year, the Solidarity Fund QFL remember that it is not limited in the number of shares it can issue and that its actions are available to all, in three easy ways of contribution: the payroll deduction, direct debit and the payment sum. The Fund said that the additional tax credits for labor-sponsored funds equivalent to 30% as admissible to a subscription of $ 5 000 annually.

SÉCURIFONDS MC: new financial product for retirees
On February 9, the Solidarity Fund QFL and the SSQ jointly announced the creation of SECURE FUNDS ™, a new product designed for disbursement of retired people. SECURE FUNDS is a RRIF containing bonds and equities with a capital guarantee of 100% at maturity as well as death, subject to certain terms and conditions. This balanced segregated fund is administered by SSQ Financial Group.

Product SECURE FUNDS was designed specifically for the shareholders of the Solidarity Fund QFL who need to transfer the money accumulated in their RRSP to another investment vehicle. Capital that is transferred into the product SECURE FUNDS MC by the shareholders of the Fund retirees is invested in a balanced segregated fund, registered in a RRIF.

SSQ Financial Group is the administrator of the product SECURE FUNDS MC. This agreement allows the Solidarity Fund QFL to offer its shareholders a safe and advantageous solution when it comes to retirement and want to convert their Registered Retirement Savings Plan (RRSP) Registered Retirement Income Fund Retirement (RRIF).

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