Update to the Sun Life PAR T10 process
November 14, 2024
We’re implementing a new process to improve the way plan sponsors with trusted individual products such as Deferred Profit Sharing Plan (DPSP), Defined Contribution Pension Plan (DCPP) and custodial stock are receiving their Pension Adjustment Reversal T10 (PAR T10) packages. Currently, we send out hardcopies of these packages by courier.
What’s changing?
Beginning in November, we’ll now send these documents to plan sponsors through secure email.
This change will:
- Allow plan sponsors to receive the packages sooner giving them more time to meet the CRA’s deadline.
- Minimize the risk of loss or delays associated with physical deliveries.
- Improve the way we communicate important documents to plan sponsors.
Questions? We’re here to help.
Please contact your Sun Life Group Retirement Services representative.