Retirement Benefits

To help you reach your long-term financial goals, CF Industries partners with Manulife to offer a variety of retirement benefits. To ensure that all members of the plan take full advantage of the company’s contributions, CF automatically enrolls all new and eligible employees with a 6% contribution rate into their Defined Contribution Plan (DCPP) account. These elections can be updated by members at any time in their accounts with Manulife.

Eligibility

All current and future employees can benefit from our retirement options. The automatic company contributions begin on your first full pay period following the start of your employment and require no action to be taken beforehand.

Employee Contributions

Employees are eligible to contribute up to 75% of their eligible pay in accordance with annual CRA limits into the plan. Once the members’ cumulative contributions into the registered retirement savings plan (DCPP/RRSP) reach the annual CRA limit,

• the members’ own contributions will transition to the Non-Registered Savings Plan (NRSP),
• and the company’s matching and the automatic contribution will transition to the Supplementary Employee Retirement Plan (SERP) for the remainder of the calendar year.

Company Contributions

CF Industries contributes to your Defined Contribution account two ways:

1. Company automatic contributions: CF contributes to your DCPP accounts between 4% and 7% of your eligible earnings. These contributions are made based on your length of service with the CF. See chart below.
2. Matching Contributions: The Company matches 6% of your contributions to the plan at 1​​​​00%.*

*(not applicable to the Spousal RSP contributions).

Eligible Earnings

The plan’s eligible earnings are defined as one’s base salary or wages paid by the company plus incentive pay. Eligible earnings exclude overtime pay and payments in lieu of vacation.

Vesting

The plan members are fully vested in all company contributions.

Employee Contributions At-a-Glance