Skip Ribbon Commands
Skip to main content
About us
Who we are
Who we are Plan history
Plan history Governance
Governance Management
Management News
News Living with COVID-19
Living with COVID-19 Contact us
Contact us
About us Members Members Employers
Remit contributions
Remit contributions Employer procedures
Employer procedures Bulletins and updates
Bulletins and updates Employer FAQ
Employer FAQ
Employers Investing
Investment funds
Investment funds Making investment decisions
Making investment decisions Changing your investments
Changing your investments Historical unit prices
Historical unit prices Rates of return
Rates of return Pensions Fund
Pensions Fund Investor stories
Investor stories
Investing Forms and resources Forms and resources

Basic Retirement Planner at a glance

All members of the Co-operative Superannuation Society Pension Plan (CSS) should have at least a basic retirement income plan to estimate how much savings are needed to afford the retirement they envision. As a member of the CSS Pension Plan, you have access to a number of resources such as our Pension Plan Consultants, as well as several online tools to assist with your retirement planning. This guide provides an overview of our most recently released online tool, the Basic Retirement Planner. The tool can be accessed on myCSSPEN under the Tools and Calculators section (below your account details). If you are not registered for myCSSPEN, register now.


Basic retirement Planner Step 1.png

A. Start here…My Personal Information

Enter your age, gender and annual current earnings. Your Member ID and name will be auto-populated when you access the Basic Retirement Planner.

B. My Risk Tolerance

Select your investor profile (hint: use the Risk Tolerance Estimator if you need assistance). Also provided on this tab is a link to How to Implement, which provides information on how to use the CSS investment funds to achieve a portfolio that matches your risk tolerance

C. My Assets

Enter current savings balances, monthly savings and any future lump sums you anticipate receiving.

D. Future Income Sources

Enter CPP, OAS and other pension (non-CSS pension, if applicable) information, along with any future sources of income you anticipate receiving (example: rental income).

E. Retirement Lifestyle

Input your annual retirement income goal, your anticipated retirement age and life expectancy.

This concludes the data input step. You can now move to the Action Plan tab. Click Update Results at the top of the page to ensure all of your updated data has been factored into your results. 


There are two possible outcomes:
1. Based on your data input and future market projections and assumptions, you are estimated to be on track to achieve your retirement income goals; or
2. Based on your data input and future market projections and assumptions, you are estimated to not be on track to meet your
retirement income goals.

The following sample output from the Basic Retirement Planner estimates that the member is on track to reach their retirement income goals.

Basic Retirement Planner Step 2.png

F. My Action Plan

Displays an estimate as to whether you are on track to meet your retirement income goals. At the bottom of the My Action Plan tab are links to more detailed information that you may wish to review (especially if you are estimated to not be on track to meet your retirement income goals).

Basic retirement planner Step 3.png

a. Implementing Your Action Plan

Provides actions that you may wish to consider if you are estimated to not be on track to reach your retirement income goals.

b. More on Assets at Retirement

Provides a definition of “Required Assets” in the graph above, as well as information on how “Expected Result” and “Below Average Result” are determined. It also provides an estimate of the additional savings required to meet your retirement income goals if you are currently not on track.

c. Retirement Income Goal vs. Projected Income

Provides a graphical view of your retirement income goals versus your projected income in your retirement years.

d. Projected Retirement Assets

Provides an illustration of your assets between now and the end of the projection period based on estimated future expected returns.

Note: It is very important to appreciate that the results provided by the Basic Retirement Planner are estimates based on the data you’ve provided, as well as our best current estimates and forecasts of future investment returns and other variables which are subject to change over time. Please click the link on the My Action Plan tab to read our full disclaimer outlining all terms and limitations associated with use of the Basic Retirement Planner.

Article from the fall 2018 issue of TimeWise