Four steps to a VRSP

So you've decided to help your employees reach their savings objectives. Congratulations! The retirement savings plan implementation process at Sun Life is easy. You're nearly there!

You can submit your VRSP application online today. If you need help or have questions, you can also call the Sponsor Business Centre at 1-800-387-7262 from 8 a.m. to 5 p.m. ET Monday to Friday.

Under provincial legislation, you are required to notify your employees in writing of your intention to offer a VRSP at least 30 days before the effective date of your contract with us. To do this, you can use a sample notice letter like this one to advise your employees that the plan is coming into effect at a future date.

Enrol your employees in the plan and send the information to us.

Deduct contributions at source and remit them to us.