1. UNBC Retirement Savings Plan Defined Contribution Pension Plan (DCPP)

2. why save?  Getting started my plan  Your plan advantage my investments  Investment review  Choosing your funds my account  Get involved

3. Saving for Retirement

4. How much money do you need for retirement? Canadians need 65% to 80% pre-retirement income replacement

5. Retirement income CPP/OAS Home Other Savings Personal RRSP UNBC Defined Contribution Pension Plan primary Where will your money come from? supplement secondary

6. Government benefits 2009 Canada Pension Plan (CPP/QPP) Old Age Security (OAS) Maximum$908.75$516.96 Average$501.82$489.57 Request your CPP/QPP contributions & benefit statement from: www.servicecanada.gc.cawww.servicecanada.gc.ca * Rates above as of April 2009

7. Benefits of starting early Assumes a 6% rate of return

9. Insert Slide Title Here Responsibilities Sponsor the plan Pension Committee Plan design Selecting Investment Managers Selecting funds Selecting the record keeper Monitoring the plan UNBC Record keeping Preparing statements Developing tools Member education Tracking your investments Tax receipts Sun Life Financial Investment Managers Funds Performing research Creating the fund Selecting the stocks or bonds Buying and selling You/member Your Account Making contributions Understanding investments Choosing investments Monitoring savings and investments Filing personal information updates RRSP limits Paying investment management fees Paying withdrawal fees

10. DC Plan contribution limits Lesser of 18% of current years earnings or $22,000 indexed2010 $22,0002009 $21,0002008 DC Pension Plan Contributions are part of your Pension Adjustment, show up on your T4 slip and affect the amount that you can contribute to your RRSP Includes: Your contributions UNBC’s contributions Additional voluntary contributions

11. RRSP contribution limits Lesser of 18% of previous years earnings or $21,000 Pension Adjustment (PA)* Unused RRSP Room (if any) + - $22,0002010 $21,0002009 $20,0002008 Pension Adjustment (PA) shown on T4. For your information about your personal limits visit www.cra.gc.ca

12. Registered Retirement Savings Plan (RRSP) 2009 Plan Contributions UNBC Registered Pension Plan Employee Compulsory UNBC 3% of earnings up to the YMPE 5% above the YMPE Additional Voluntary (no match) Transfers-in allowed 8% of earnings up to the YMPE 10% above the YMPE 2009 YMPE = Yearly Maximum Pensionable Earnings = $46,300.

13. Registered Retirement Savings Plan (RRSP) Doing the math Assumption: Mary earns $65,000 annually. Mary$46,300 x 3%=$1,389.00 Mary$18,700 x 5%=$ 935.00 UNBC$46,300 x 8%= $3,704.00 UNBC$18,700 x 10%=$1,870.00 Total Benefit= $7,898.00

14. Registered Retirement Savings Plan (RRSP) When do you own the funds? Mary$44,900 x 3%=$1,263.00 Mary$ 7,900 x 5%=$ 395.00 UNBC$44,900 x 8%= $3,368.00 UNBC$ 7,900 x 10%=$ 790.00 Total Benefit= $5,816.00 Vesting Vesting refers to when you own the University contributions. You are vested after 2 years of continuous service with the University. If you leave UNBC prior to 2 years of continuous service, contributions are not yours to take with you. You always own your contributions. Locking in Once you have been contributing into the DCPP for 2 years, the funds become locked in which means they are not available for you to use until you retire.

15. What happens if you… Leave UNBC Transfer your DCPP to: Locked in account with Sun Life Financial - CHOICES Locked in account at another financial institution A new employer (if permitted) Retire from UNBC Transfer your DCPP to: A LIF (Life Income Fund) with Sun Life Financial - CHOICES A LIF at another financial institution Purchase an annuity What happens if you….

16. You get it all when you save through your company plan Your piggy bank Your savings account Your personal RRSPs UNBC Lower investment management fees Access to institutional fund managers University contributions Regular payroll contributions Tax deductible & tax sheltered investment earnings Immediate tax relief on your contributions × ×× × × × × × × × × × × × × × ×

18. Your steps to investing 1. Understand the basics types of funds risk vs. returns importance of diversification 2. Determine what type of investor you are 3. Choose your funds refer to the Investment Reports section through your online account

19. Understand risk vs. return Bonds Promise to repay debt Receives interest Various terms to maturity Government and corporate Money market Federal government debt Short term, less than 1 year Balanced Mix of cash, bond and equities Automatic diversification Equities Ownership in company Share in company profits Canadian or foreign

20. Growth of $10,000 (January 1999 – December 2008) $17,200 $18,000 $14,400 Source : Morningstar.ca $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Dec 98Dec 99Dec 00Dec 01Dec 02Dec 03Dec 04Dec 05Dec 06Dec 07Dec 08 TSX DEX 91-Day T-Bill IndexTSX DEX Universe Bond Index S&P/TSX Composite IndexConsumer Price Index $17,200 $18,000 $14,400 $12,500

21. Diversification: holding different types of investments in your portfolio Lower your overall risk by: not putting all of your eggs in one basket Diversify your investments Asset Class Manager Style Sector Foreign Markets Ways you can diversify

22. Think about investing outside of Canada Canada Revenue Agency now allows 100 % foreign content in your registered accounts Canada represents only 2-3% of the world stock market Some foreign markets have historically outperformed Canada over the long-term Consider investing outside of Canada as one way to diversify

23. Your investment options Asset ClassFund NameRisk Fund Management Style Money Market/ Guaranteed Sun Life 1, 3 & 5 Year Guaranteed Sun Life Money Market Low N/A Fixed Income/Bond BGI Bond Index PH&N Bond Fund Low Moderate Passive Active Balanced Beutel Goodman Balanced BonaVista Balanced McLean Budden Balanced Growth Moderate Active - Value Active - Growth Canadian Equities BGI S&P/TSX Composite Index Beutel Goodman Canadian Equity McLean Budden Canadian Equity McLean Budden Canadian Equity Growth Beutel Goodman Small Cap Moderate High High Passive Active -Value Active - Blend Active - Growth Active - Value US Equities BGI US Equity Index CI American Value McLean Budden US Equity Moderate High Passive Active - Value Active - Growth Foreign Equities McLean Budden Global EquityModerate HighActive - GARP

24. Investment Manager approaches Active Objective is to outperform a market index based on research of current market conditions and company prospects Actively buys and sells securities in individual funds Passive or Index Simply buys and sells assets to match characteristics of an index, fund performance should be similar to the index, i.e. S&P TSX Fund Manager applies an Investment “style” to their approach BonaVista, Beutel Goodman McLean Budden, PH&N, CI Fund Management Fees tend to be lower than an Active Fund Manager BGI

25. Investment styles Value Focuses on stocks that a fund manager thinks are currently undervalued in price and will eventually have their worth recognized by the market Growth Believes that the single most important thing driving stock prices is rapidly rising corporate earnings -- and that's what they look for If the manager is right, the stock will increase in price as others in the market recognize the true value of the stock CI, BonaVista, Beutel Goodman If the manager is right, the company’s stock will increase in price as the company achieves business and earnings growth McLean Budden

26. Investment styles GARP Growth at a reasonable price - looks for stocks of growth companies that they can buy for a reasonable price This is a combination of value and growth investing McLean Budden Global

27. Dollar cost averaging MonthAmountPriceUnits purchased 1$250$1025 2$250$1025 3$250$1122.72 4$250$1220.83 5$250$1122.72 6$250$1319.23 7$250$1417.86 8$250$1319.23 9$250$1417.86 10$250$1220.83 11$250$1025 12$250$1417.86 Total$3,000Avg. price = $11.80254.14 Market Value = $3,557.96 Rate of Return = 18.59% Dollar cost averaging

29. Your guide to choosing funds Complete the questionnaire in the Investment Risk Profiler online www.sunlife.ca/member Review your fund choices online through Morningstar® Select your funds according to your risk tolerance my money Investment Risk Profiler

30. Your investment options Asset ClassFund NameRisk Fund Management Style Money Market/ Guaranteed Sun Life 1, 3 & 5 Year Guaranteed Sun Life Money Market Low N/A Fixed Income/Bond BGI Bond Index PH&N Bond Fund Low Moderate Passive Active Balanced Beutel Goodman Balanced BonaVista Balanced McLean Budden Balanced Growth Moderate Active - Value Active - Growth Canadian Equities BGI S&P/TSX Composite Index Beutel Goodman Canadian Equity McLean Budden Canadian Equity McLean Budden Canadian Equity Growth Beutel Goodman Small Cap Moderate High High Passive Active -Value Active - Blend Active - Growth Active - Value US Equities BGI US Equity Index CI American Value McLean Budden US Equity Moderate High Passive Active - Value Active - Growth Foreign Equities McLean Budden Global EquityModerate HighActive - GARP

31. Investment Type Investment Option 15% U.S. Equity BGI US Equity Index Fund McLean Budden US Equity Fund CI American Value Fund 15% International EquityMcLean Budden Global Equity 20% Canadian Equity Beutel Goodman Small Cap Fund Beutel Goodman Canadian Equity Fund BGI S&P/TSX Composite Index Fund McLean Budden Canadian Equity Growth Fund McLean Budden Canadian Equity Fund 40% Bond/ Fixed Income PH&N Bond Fund BGI Bond Index Fund 10% Guaranteed/ Money Market Sun Life Financial Money Market Fund Sun Life Financial 1,3 & 5 year Guaranteed Fund Example: A score of 36 to 85 points - Moderate 15% U.S. Equity 20% CDN. Equity 40% Fixed Income 10% Money Market 15% Intl. Equity Building your own asset mix

32. Rebalance often to match your risk tolerance 10% International Equity Canadian Equity Bonds 45% Bonds 45% Stocks 45% 10% 35% Bonds 45% Starting point 5% 35%60% 1 year later Transfer: 10% Cdn Equity to Bonds 5% Cdn Equity to International Equity 60% Stocks 5% 45% 10% Starting point 45%

33. Dec. 31 st 2008 Balances % of Investment Dec. 31 st 2007 Balances % of Investment Balanced$9,809,893.9728.95%$12,358,144.0330.75% Beutel Goodman Balanced Fund BonaVista Balanced Fund McLean Budden Bal. Growth Fund PH&N Balanced Pension Fund 1,071,584.71 7,388,732.80 1,349,576.46 0.00 3.16% 21.80% 3.98% 0.0% 815,189.49 0.00 1,234,922.29 10,308,032.25 2.03% 0.00% 3.07% 25.65% Canadian Equity$10,326,454.2130.47%$15,545,558.2338.68% Beutel Goodman Canadian Equity Fund Beutel Goodman Small Cap Fund BGI S&P/TSX Composite Index Fund McLean Budden Canadian Equity Fund McLean Budden Cdn Eq Growth Fund 745,642.55 1,657,499.07 1,204,374.07 5,565,262.97 1,153,675.55 2.20% 4.89% 3.55% 16.42% 3.40% 1,002,926.87 2,304,544.48 1,781,376.34 8,534,858.68 1,921,851.86 2.5% 5.73% 4.43% 21.24% 4.78% Fixed Income$4,190,081.8812.36% $ 3,472,371.60 8.64% BGI Bond Index Fund PH&N Bond Fund 309,748.27 3,880,333.61 0.91% 11.45% 0.00 3,472,371.60 0.00% 8.64% Fund Asset Mix

34. Dec. 31 st 2008 Balances % of Investment Dec. 31 st 2007 Balances % of Investment Foreign Equity$2,875,770.928.49%$ 3,572,203.818.89% BGI US Equity Index Fund CI American Value Fund MB Global Equity Fund MB US Equity Fund 276,836.22 616,557.96 1,830,660.12 151,716.62 0.82% 1.82% 5.40% 0.45% 308,862.97 746,955.02 2,430,889.57 85,496.25 0.77% 1.86% 6.05% 0.21% Guaranteed/Money Market$6,686,075.3819.73%$ 5,241,977.12 13.04% SLA 1 YR Guaranteed Fund SLA 3 YR Guaranteed Fund SLA 5 YR Guaranteed Fund Sun Life Money Market Fund 614,264.65 563,966.38 1,076,924.61 4,430,919.74 1.81% 1.66% 3.18% 13.08% 375,439.68 494,678.12 766,575.20 3,605,284.12 0.93% 1.23% 1.91% 8.97% Total$33,888,276.36100.00 %$40,190,254.79100.00 % Fund Asset Mix

35. Fund20082007200620052004 Sun Life Money Market Fund DEX 91 Day TBill Index 3.6 3.3 4.5 4.4 4.0 2.6 2.2 2.3 BGI Bond Index Fund PH&N Bond Fund DEX Universe Bond 6.0 3.8 6.4 3.6 3.2 3.7 4.1 4.4 4.1 6.5 7.0 6.5 7.1 7.3 7.2 Beutel Goodman Balanced Fund Beutel Balanced Benchmark -10.0 -14.9 0.5 2.6 13.6 12.2 10.1 11.2 10.9 9.3 BonaVista Balanced Fund BonaVista Balanced Benchmark -18.3 -15.0 1.1 3.5 14.4 12.0 15.3 12.5 12.9 9.9 McLean Budden Balanced Growth Fund McLean Budden Balanced Benchmark -17.5 -16.4 2.1 2.6 13.6 12.5 11.4 12.0 8.5 9.5 Fund Performance Data through 31 Dec 2008

36. Fund20082007200620052004 BGI S&P/TSX Composite Index Fund Beutel Goodman Canadian Equity Fund McLean Budden Canadian Equity Fund McLean Budden Cdn Eq Growth Fund S&P/TSX Capped Composite -32.5 -22.2 -31.9 -38.0 -33.0 9.9 6.3 8.3 11.6 9.8 17.4 16.6 18.3 21.3 17.3 24.0 17.7 21.2 22.9 24.1 14.6 14.3 12.2 11.9 14.5 Beutel Goodman Small Cap Fund BMO Small Cap Blended (Weighted) -28.3 -46.6 3.0 2.0 22.3 16.6 11.2 19.7 14.7 14.1 BGI US Equity Index Fund S&P 500 Index ( Cdn $) -21.5 -21.2 -10.8 -10.5 15.1 15.3 2.0 2.3 2.5 2.8 CI American Value Fund McLean Budden US Equity Fund S&P 500 C$- Bank of Canada -22.8 -21.6 -21.9 -1.6 -4.8 -10.6 18.7 14.9 15.7 5.2 3.0 1.6 12.2 3.9 3.3 McLean Budden Global Equity Fund MSCI World C$ -21.8 -25.4 -7.9 -7.1 19.6 20.2 5.7 7.3 5.5 6.9 Fund Performance Data through 31 Dec 2008

37. Understanding Fees Fees in your plan range High 1.64 % Low 0.41% Fund Management Fee (expressed as a % of fund assets you hold) To view your fees visit www.sunlife.ca/member Annual Fees $70.00 Fund Management % 0.70% $10,000 Example

38. Fund Management Fees at February 28, 2009 Fund NameTotal Fund Management Fee Sun Life GICsNone Sun Life Financial Money Market Fund0.41% BGI Bond Index Fund0.46% PH&N Bond Fund0.69% Beutel Goodman Balanced Fund0.76% BonaVista Balanced Fund1.64% McLean Budden Balanced Growth Fund0.68%

39. Fund Management Fees at February 28, 2009 Fund NameTotal Fund Management Fee BGI S&P/TSX Composite Index Fund (P)0.48% McLean Budden Canadian Equity Growth Fund0.68% McLean Budden Canadian Equity Fund0.68% Beutel Goodman Canadian Equity Fund0.78% Beutel Goodman Small Cap Fund0.78% CI American Value Fund1.31% BGI US Equity Index Fund (P)0.48% McLean Budden US Equity Fund0.74% McLean Budden Global Equity Fund0.70%

40. * Assumes a 5.75% real rate of return Investment management fee Annual contributions Years of contributions 2%$5,00020 1.5%$5,00020 1%$5,00020 1.5% $157,752 1% $167,568 Total contribution: $100,000 2% $148,588 Ending balance Low Fund Management Fees (FMF) make a difference

41. Retirement Planning Tools

42.  Select Resource Centre  Click on My Money Tools Plan Member Website Sign in to www.sunlife.ca/member

43. my information This is the first screen of the retirement planner Some of the information on this screen is pre-populated my money retirement planner

44. my assets Enter any additional assets or income you have You can include pensions from previous employers my money retirement planner

45. my lifestyle A lifestyle is suggested based on your personal information You can view information on other lifestyles Select your lifestyle and receive your personal action plan my money retirement planner

46. Your personal action plan my money retirement planner

48. Keeping you involved Read your personal statements Quarterly (Available Online) Easy to read Personal rates of return Summary of all plans Transaction history Plan information Bulletin board

49. Keeping you involved 24 hour automated phone account access Representatives available every business day (8 am to 8 pm ET) Account updates 150 languages supported Receive up-to-date account balances View transaction history Make investment changes Link directly to investment reports View online member statements Internet www.sunlife.ca/member Customer Care Centre 1-866-733-8612

50. Investment Information Capital market performance Individual fund performance Investment style, fund and manager updates Portfolio X-Ray Analyze different combinations of funds as a single portfolio; including the effect of asset allocation changes to the portfolio Fund Compare Compare and analyze funds in your plan with the full list of available funds Performance Reports Generate investment performance reports for your plan’s funds Getting information about your funds (Morningstar®)

51. Keeping you involved     Withdrawal calculator Capital Gains vs. RRSP calculator Mortgage vs. RRSP calculator RRSP Loan calculator Do your financial planning online

52. Keeping you involved Do your financial planning online OAS claw-back calculator RRIF calculator    Annuity calculator

53. Your action plan 1.Use the Investment risk profiler to determine your recommended portfolio allocation 2.Use the Retirement planner to evaluate if your current contributions will meet your retirement goals 3.Review your current portfolio 4.Update your future investment instructions as required 5.Update your existing portfolio as required 6.Update any personal information that is out of date (ie. Beneficiary)

54. Questions ?