Pension
Group RRSP
The University also offers a Group Registered Retirement Savings Plan (RRSP) through the Royal Bank of Canada. Employees are able to contribute directly to their Group RRSP through payroll deduction. For more information, refer to the Group RRSP website. The University does not contribute to the Group RRSP program.
University Pension Plan (UPP)
University administrations, faculty associations, unions and other staff groups at University of Toronto, University of Guelph and Queen’s University have been working diligently to develop a new pension plan that would cover employees at all three universities: the University Pension Plan (UPP). Once established, the jointly sponsored pension plan (JSPP) will be open to other Ontario universities joining. This new University Pension Plan, would be a multi-employer JSPP, a contributory defined benefit plan in which the employers and pension plan members share responsibility for plan governance and funding.
In the event of a discrepancy between this page and the Collective Agreement or relevant Plan documents, the Collective Agreement or relevant Plan documents shall be considered the final authority.