Home Sitemap How DB Plan works... Gov't benefits Frequently Asqued Questions Glossary Joining Contributing Calculating Retiring Terminating Joining Contributing Investing Retiring. Roles & Responsibilities What happens... Member log in DB Plan info Forms & Documents Fund Information Related sites Contact Info Newsletter Search Advisory talk

The Canadian Blood Services Defined Contribution (DC) Pension Plan is administered by Canadian Blood Services. An Advisory Committee assists CBS by monitoring investment performance and plan administration, and by making recommendations for any changes in the fund manager(s) involved in the investment of the funds.

The Advisory Committee consists of six representatives appointed by CBS. These representatives include individuals nominated by the unions who represent employees who participate in the DC Plan. The number of union representatives is in proportion to the number of plan members represented by the unions, to a maximum of three representatives. The names of the current Advisory Committee members appear on the Advisory Committee Info page.

Your contributions and CBS's contributions to the plan are invested in funds made available to you through Manulife Financial. Third-party administration services for the DC pension plan are provided for CBS by Morneau Shepell. Morneau Shepell will:

  • answer questions you may have about the DC plan. Contact them at 1-877-252-4442 between 8:30 a.m. and 5:30 p.m. (ET),
  • maintain the plan's records - of members' contributions, investment choices, and account balances,
  • communicate termination and retirement options,
  • arrange for payment of benefits and/or transfers to an RRSP or other pension plan,
  • calculate death benefits, communicate with beneficiaries, and arrange for payment of benefits,
  • calculate and report pension adjustments (PA) and pension adjustment reversals (PAR) for inclusion on T4s, and
  • produce quarterly Member Statements.

Employees who are represented by the Participating Unions enrol in the CBS Defined Benefit (DB) Pension Plan. All other employees are eligible to participate in either the DC or the DB plan.

All employees who were members of the Canadian Red Cross Pension Plan-Part I (the DC plan) on September 27, 1998 joined the DC plan automatically on September 28, 1998. All service and earnings under the Red Cross plan count toward benefits eligibility under this plan.

The DC plan provides an excellent way to begin building retirement income. With the defined contribution pension approach, you receive a pension that depends on your contributions and those of CBS, and how well the funds in which they are invested perform. (In contrast, with a defined benefit pension plan, you would know in advance how much pension you would have when you retire, based on a formula that considers an average of your highest earnings during your years of employment with CBS.)


  • The DC Pension Plan Member Booklet provides a summary of the plan and how it works. You can access this document in to "Forms and Documents" section on this website.
  • Of course, summaries never provide exhaustive detail. The official plan text governs your actual benefits from the plan, and is the final authority in any case of dispute.
  • Any eligible member, beneficiary, or other authorized person may see and copy the full plan text, annual information returns, and other relevant documents, by contacting Lisanne Brousseau at (613) 739-2071.
  • If you have further questions, please contact Morneau Shepell at
    1-877-252-4442 between 8:30 a.m. and 5:30 p.m. (ET).

  Top of Document

 2011, Morneau Shepell Ltd. Terms of Use