Our members and their employers contribute toward Benefit Targets that make retirement saving easy to understand. Working with our pension professionals, Participating Employers select a default IDEAL BENEFIT for their employees. The Ideal Benefit is the core Benefit Target of the ICPP and is expected to provide a reliable lifetime pension once fully funded. Members can expect this pension to provide adequate income for their basic needs in retirement.
Individual members can select additional Benefit Targets they would like to contribute toward, based on their personal financial profile and retirement goals (IDEAL BENEFIT – PLUS, INSURED EXTRA BENEFIT, and IDEAL EARLY BENEFIT).
Regular updates from our pension professionals help members stay on track to fund their Benefit Targets and retire on schedule.
Scroll down to read more about the ICPP’s Ideal Benefit Target and other Benefit Target options.