The SLB Retirement and Savings Plan gives you the opportunity to build your financial future, your way!
The SLB Retirement and Savings Plan gives you the opportunity to build your financial future, your way!
Enrolling and Making Changes
Eligible employees are automatically enrolled in the Retirement and Savings Plan.
There is no waiting period to participate in the plan. Here’s how it works:
- SLB contributes an automatic 6% of your earnings into the Defined Contribution Pension Plan (DCPP)
- Employees are auto enrolled at a 4% employee contribution to receive the maximum 4% employer match
- The investment choice for the DCPP is defaulted to the target date fund closest to your 65th birthday and your beneficiary is defaulted to your Estate
As your life changes so can your Retirement and Savings Plan choices. For more information about the SLB Retirement and Savings Plan please refer to the SLB Retirement and Savings Plan Guide.
Click on the sections below for more information.
Enrolling
You’re automatically enrolled in the DCPP. SLB makes an employer base contribution of 6%, and you automatically contribute 4% of your eligible annual earnings to your DCPP each pay. SLB also matches 100% of your 4% contribution, for a total overall DCPP contribution of 14%! Until you update it, your investment option will be the target date fund closest to your 65th birthday, and your beneficiary will be your estate.
Action Required
- Sign in to Sun Life. If you haven’t already, Register for an account
- Manage your DCPP:
- Name a beneficiary for your DCPP by selecting Manage plan, followed by Manage beneficiaries
- Review your DCPP investment options by selecting Manage plan, followed by my plan, Make a change, then Change investments
- Review your DCPP contributions by selecting Manage plan, followed by my plan, Put money in, then Manage payroll contributions
- Enroll in your other available savings products. You can contribute to a Registered Retirement Savings Plan (RRSP), Spousal RRSP (SRRSP) and Tax-Free Savings Account (TFSA). SLB matches your contributions to these products, along with your DCPP contributions, up to 4% of your admissible compensation in total across all products
Making Changes
Life doesn’t stand still—and neither should your financial plan. As your circumstances evolve, it’s important to revisit your retirement and savings choices to ensure they still align with your goals.
You can update your enrolled products, contribution, investments options, and beneficiaries anytime through Sun Life.
Manage your plan online quickly and easily by logging into Sun Life or the my Sun Life mobile app. Need more assistance Call Sun Life at 1-877-736-4741 from 8:30 a.m. to 8:30 p.m. ET every business day.
Member Responsibilities
To make the most of your group plan, stay informed and actively manage your savings:
Understand your plan
- Review your plan details (enrollment, contributions, withdrawals, and investment options)
- Complete enrollment, choose how much to contribute, select your investments and beneficiary for each enrolled product
- Make sure your plan choices align with your financial goals
Know your goals
- Be clear about your short- and long-term financial goals
- Use tools like the Sun Life Retirement Planner or Sun Life One to estimate how much to save and track progress
- Maintain current contact details, address, marital status, and beneficiary information
- Monitor your TFSA and RRSP contribution limits each year to avoid overcontributing
- Explore tools on the Sun Life website, like the asset allocation tool, retirement planner, and calculators to support your decisions
- Review educational content to help plan for different life stages
- Review your account, statements, and performance periodically
- Adjust your strategy as needed and stay informed about market changes
Staying engaged with your plan helps you stay on track and make informed decisions about your financial future. Check the Resources page for more information about support available.
