Group Pensions

A Group Pension program provides an opportunity for employees to accumulate savings and invest for the purpose of receiving an income upon retirement.  In the program, a small percentage of the employee's salary is deducted each month and matched by the company to provide a Retirement Benefit.

Group Pension is a tax benefit to both employee and employer. The company's Fund is invested by Algico, who has prudent investment guidelines to help ensure that benefits are payable at retirement, death or termination/ withdrawal.

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