How do I update the amount of savings I have outside of the plan?
You can change this amount in the “My Plan” section of the member dashboard. You can update your outside savings by clicking “Edit” on the “My Projected Monthly Retirement Income” chart.
If you completed a transfer-in after enrolling in the plan, you should make sure to reduce your “Other savings” amount so that your retirement plan reflects this new information.
Because your outside savings are included in your plan, key elements of your retirement plan may also change, such as your suggested monthly contribution rate and your auto-escalation schedule. Your government benefits can also be impacted. For example, if you increase your savings outside to reflect additional RRSPs, you may impact how much you receive in Old Age Security (OAS) as any RRSP income you receive in retirement reduces your OAS entitlement.