Skip to main content

You're viewing content for active members of the RS Plan

(This means you are currently paying into an RS Plan Account)

CHANGE SCHEME

Approaching retirement

Your countdown at a glance

  • If you're eight years or less away from your Normal Retirement Age (NRA), which is age 65 unless you choose your own Target Retirement Age, or your employment contract states otherwise, you will need to choose how you would like your account to be invested as you get closer to accessing your retirement savings.
  • You can read more about how you can take your benefits on the Your options page.
  • As you've been saving into your RS Plan Account, your savings will have been invested either through 'BOC Lifestyle' funds, 'BOC FreeChoice' funds, or both. For more information about how this works, visit the Investments page.
  • When you're eight years or less away from your NRA, you need to complete a Countdown to retirement form to tell us how you'd like to invest your Account before retiring.

If you're in BOC Lifestyle

In BOC Lifestyle, the Investment Manager appointed by the RS Plan Trustee decides which funds to invest your Account in and when to change between them.

  1. Download the Lifestyle Countdown to retirement booklet and consider your options carefully.
  2. Complete and return a Countdown to retirement form.
  3. If you change your mind after submitting your form, you can still send a Change of investment form at any time.

If you're in BOC FreeChoice

In BOC FreeChoice, you choose which funds to invest in and when to change between them.

  1. Download the FreeChoice Countdown to retirement booklet and consider your options carefully.
  2. Complete and return a Countdown to retirement form.
  3. If you change your mind after submitting your form, you can still send a Change of investment form at any time.
info point section indicator

Want to know more about investments?
If you're unsure about what the different investment terminology means, or want to know more about the different funds that are available to you, read Your guide to investments.

Go to top