University Pension Plan Ontario (UPP)

July 4, 2019

The PSA Executive would like to thank all P&M staff who participated in the consent process. Please see the link below for the official news release on the results. The University of Guelph Professional Pension Plan had a high degree of member participation and the lowest rate of 'non-consent votes'.  While we are almost two years away from accruing service under the UPP, this is a key milestone that we should all celebrate. We are well on our way to a sustainable pension plan that will benefit tens of thousands of University employees in Ontario.

Link to University Pension Plan Ontario homepage Important Update: http://www.universitypension.ca/

 

Background:

The UPP initiative involves the University of Toronto, Queen's University and the University of Guelph. A website has been set up for this jointly sponsored multi-employer pension plan: www.universitypension.ca

While the University has an obligation and role to fulfill to ensure that all retirees and pension plan members are adequately informed, the PSA will ensure that P&M employees are represented in ongoing discussion and will be there to provide an independent source of information as well as our views and opinions based on our research.

The PSA is a founding member of the Ontario Association of Non-Unionized Employee (OANUE) with Dr. Marcus Litman, Past Chair of the PSA, acting as a Director and our representative. OANUE is the strongest voice for non-unionized employees at the three Universities.

It is fair to say that pension plans are complicated vehicles that are not always easily understood. The transformation from a Single Employer Pension Plan (SEPP), such that we have here at the University of Guelph, to a Multi Employer Pension Plan (MEPP) or what is more commonly refereed to as a Jointly Sponsored Pension Plan (JSPP) is highly complex.

As your pension plan is a critical component of your overall compensation plan it is important that you enhance your knowledge and understanding of the issues so that you may have an informed voice in this process.

On your behalf, the PSA is investing significant time and energy to ensure that we understand the issues and bring forward a voice for our members. I encourage you to read all materials that are available on this project and to attend information events that we plan to host over the coming months.
 

Resources:

May 14, 2019 UPP Consent Townhall Meeting

March 25, 2019 Consent Package Information

Feb 27, 2019 Ratification Meeting PowerPoint presentation

FOR RATIFICATION FEB 27, 2019: UG-PSA MOA FEB 14, 2019

Feb 27, 2019 Ratification Meeting Details

UPP Video

The UPP Consent Process - What does it mean to you?

PSA-UPP Meeting Dec 14

Summary of Key Features of the Proposed UPP - Oct 5 2018

UPP Update Oct 6 2018 - Notice of Agreements to date

UPP Update Oct 1 2018

Recording of the UPP Townhall May 15 2018

PSA Update April 13 2018

UPP Joint Communication Feb 2018

PSA Update on UPP May 2017

www.universitypension.ca