How the Medicus Pension Plan works
Medicus is a multi-employer pension plan that has been created to enable physicians in Canada to become members of an industry pension plan through their professional corporation, or their participating employer’s corporation.
In a multi-employer pension plan, a group of employers come together to participate in and contribute to the same pension fund.
In this case, most participating employers are physicians’ own professional corporations, and as an employee of the corporation, the physician can become a member of the plan.
Key features of the plan
Medicus is different from other plans (such as individual pension plans (IPPs) or registered retirement savings plans (RRSPs)) because it provides you and your family with a predictable income that continues for your lifetime.
You don’t need to worry about making investment decisions along the way, and it can help provide financial peace of mind as one part of your overall retirement income stream.
Medicus Pension PlanTM is a trademark of The Bank of Nova Scotia (Scotiabank), used under licence. The Scotiabank and MD logo are trademarks of Scotiabank, used under licence. Scotiabank is the sponsor of the Medicus Pension Plan, which is a registered pension plan and is registered under the Pension Benefits Act (Ontario) and the Income Tax Act (Canada). To determine if the Medicus Pension Plan is appropriate for your retirement planning needs and retirement income objectives, please consult with a financial advisor.
Scotiabank provides banking and credit products and services. Visit scotiabank.com.
MD Financial Management Inc. wholly owns or has a majority interest in the MD Group of Companies. It provides financial products and services, is the fund manager for the MD Family of Funds and offers investment counselling services. For a detailed list of the MD Group of Companies, visit md.ca.