Category: Pensions and Benefits
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Bylaw changes could threaten equal representation for unions at OMERS
On Monday, November 4, the OPSEU Pension Liaison Committee (PLC) met with the sponsors of the other unions and associations that comprise the employees’ representatives on the OMERS Sponsors Corporation Board of Directors (SC board). This was the first meeting of the Employee Sponsors of OMERS Caucus (ESOC). ESOC is dedicated to monitoring the actions…
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OPT Select enrolls its first not for profit organizations
On April 25, 2019, OPTrust announces that it has enrolled the first nonprofit organizations to the OPTrust Select Plan. This is OPTrust’s new defined benefit offering. In total, seven (7) employers and two-hundred and fifteen (215) members have joined OPT Select. An additional seventy organizations (70) from across Ontario have applied and are in the process…
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DBplus information webinars for college part-time employees
Designed to meet the needs those who work part time and on contract in the colleges, DBplus provides you with the opportunity to earn a valuable defined benefit (DB) pension with a fixed contribution rate, matched dollar for dollar by your employer. Your pension under DBplus includes the valuable features members want: a secure lifetime…
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Upcoming OPTrust Select webinars
OPTrust Select is a new defined benefit pension offering for Ontario workers in the nonprofit, charitable and broader public service sectors. To learn more about OPTrust Select please follow the links below to participate in one of their upcoming webinars where you will be able to ask questions and learn more about how the plan…
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OPSEU helps drive defeat of ‘unnecessary’ OMERS pension changes
Toronto – Together with its labour allies, OPSEU has made significant progress in efforts to protect the pensions of thousands of its members. The OMERS Sponsors Corporation Board of Directors voted today on six proposed changes to the pension plan as part of its Comprehensive Plan Review, defeating all but two. “I’m delighted the board…
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OMERS teletown halls
Are you a member of the OMERS pension plan? If so, you need to participate in OPSEU’s teletown hall on possible changes to the plan. You will be called at 2 p.m. and 8 p.m. (if your updated number is in our database). If you just remain on the line, this will connect you with…
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Join teletown hall on OMERS pension plan changes
We strongly encourage all OPSEU members who currently belong to the OMERS pension plan to join President Warren (Smokey) Thomas, OPSEU Pension Liaison Committee members Len Elliott and Gareth Jones, and OPSEU staff for a teletown hall to discuss proposed changes to the plan and have your questions answered. When Tuesday, October 30 at 2…
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Are you a HOOPP pension recipient? Please plan ahead for potential Canada Post service disruption Sept. 26
The following information affects members of the Healthcare of Ontario Pension Plan (HOOPP) who currently receive pension cheques via the Canadian postal system. Alert from HOOPP: Canada Post Corporation (CPC) and the Canadian Union of Postal Workers (CUPW) are currently in contract negotiations, with the potential for a work stoppage beginning September 26 if a…
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OPSEU President concerned about proposed cutbacks to the OMERS pension plan
Toronto – OPSEU President Warren (Smokey) Thomas says the executive of the OMERS Pension Plan can expect a fight if they try to rush through unnecessary pension plan changes that will leave members paying more for less. “The OMERS pension plan is in good shape financially and will ensure a dignified retirement for the hundreds…
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OCEW Benefits Plan Update
Here is the most recent information regarding the rollout of the Ontario Council of Educational Workers (OCEW) Benefit Plan. The OCEW Benefit Plan welcome packages will be sent out by mail to all eligible active employees by OTIP. Emails to active employees from OTIP which include the welcome package will also be sent out ASAP.…
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Injured Workers Day
Once again the Ontario Public Service Employees Union (OPSEU) is proud to stand in solidarity with injured workers, the Ontario Network of Injured Workers (ONIWG), other Unions, and the general public as we join the fight for justice on June 1st to mark Injured Worker Day. Activities at Queens Park begin the evening before with…
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OPSEU brokers historic new pension deal for Ontario
Thousands of OPSEU members and other workers now have an opportunity to get a pension thanks to a deal involving the Broader Public Service (BPS), charitable and non-profit groups. The finishing touches were put to the agreement on the eve of OPSEU’s Convention and President Warren (Smokey) Thomas signed the deal on stage to the…
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CAAT Support Joint Insurance Committee
CAAT Support Joint Insurance Committee Appealing a Benefit Claim Denial Every month the CAAT Support Joint Insurance Committee (JIC) helps overturn decisions made by Sun Life on claim denials of the Extended Health, Dental, Long Term Disability, Life Insurance (including Basic, Supplementary, Supplementary Spousal and Dependent) and Critical Illness plans. The JIC meets monthly to…
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HOOPP provides pre/post retirement seminars and defined benefit pension webcast
The Healthcare of Ontario Pension Plan (HOOPP) is offering two seminars to provide information on your HOOPP defined benefit pension plan – pre-retirement information (for members approaching retirement) and post-Retirement Information for members who have already started receiving their HOOPP pension. These seminars are about one hour in length with time allotted afterwards to meet…
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Benefit Appeals
Joint Insurance Committees are committees that have been negotiated under a collective agreement. Joint Insurance Committees are typically responsible for reviewing a plan’s financial experience, communicating on benefit issues, and reviewing contentious claims that have not been resolved through discussions with the insurer. They also are responsible for the tendering of group benefit plans. They…