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How Canada Life is supporting you during COVID-19. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

In an EPSP, your employer puts a percent of their profits into a savings account for you each year. You can often choose to contribute to the plan as well.

The amount you receive is calculated by a formula tied to the company’s profits that year – so, if profits are high, you’ll receive more, and vice versa.

Manage your workplace savings plan using your online account. Check your balance, make account changes, create a retirement plan and more.

Your access to the money in your EPSP depends on the plan. Some plans let you access the money in the account immediately, while others may not until you retire. Once it’s yours, there are no restrictions on how you can use it.

If you’re not sure what your restrictions are, you can sign into your accountOpens a new website in a new window or talk to your employer about your plan’s vesting rules.