Tag: Pensions
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Q and A and FAQs on the important post-strike pension decisions facing College Full-time Support workers
Live Q and A: Thursday, Dec 4 noon to 1 pm EST. RSVP here for CAAT Pension Q and A Frequently asked questions: Pension FAQ for College Support FT workers Ask specific questions: CAAT member portal Email: member@caatpension.ca Phone: 1-866-350-2228 or 416-673-9000 (Toronto), Monday to Friday, 8:30 am – 4:30 pm ET. The CAAT Pension Plan wants to support…
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Register now: HOOPP Fall Pension Seminars
Did you know that HOOPP offers pension education sessions for members? If you’re a HOOPP member, taking the time to better understand your pension now will help you prepare for your future. HOOPP offers both in-person and virtual events where you can learn more about your pension, from understanding the key features of the Plan…
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OPTrust celebrates 30 years of service and security
The following news release was distributed by OPTrust on June 13, 2025. View it on OPTrust’s website, linked here. Toronto, June 13, 2025 — OPTrust, one of Canada’s largest defined benefit pension plans, is celebrating 30 years of delivering service and security to members. Following a joint agreement by OPSEU and the Government of Ontario…
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Union trustee vacancy for Healthcare of Ontario Pension Plan (HOOPP) Board of Trustees
Union trustee vacancy for Healthcare of Ontario Pension Plan (HOOPP) Board of Trustees The Pension Liaison Committee invites you or someone you know to get involved with HOOPP by applying to become an OPSEU/SEFPO appointed trustee on the HOOPP Board of Trustees for a 3 year period. With the challenges facing defined benefit pension plans,…
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New study finds that having a pension is good for your health!
It’s fascinating how having a pension can positively impact multiple aspects of a person’s well-being! HOOPP commissioned The Behavioural Insights Team (BIT) to conduct a global literature review identifying the health impacts of pensions and an industry-first online study investigating the impact of having a defined benefit (DB) pension on individuals’ financial stress and well-being…
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Notice of Volunteer Position- OPSEU/SEFPO College Support Staff Full-Time Retiree Representative OPSEU/SEFPO CAAT Retiree Group Insurance Advisory Committee
Term of Office: May 5, 2025 – close of following Final Demand Set Meeting (TBD) Nominations: Please download, print out and complete this nomination form. Please email completed forms to gvolpe@opseu.org Deadline for Nominations: January 31, 2025, 5 pm Duties and Responsibilities The OPSEU/SEFPO CAAT Retiree Group Insurance Advisory Committee consists of one representative, each,…
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LCBO Strike Buyback Quotes from OPTrust
Following the LCBO two-week strike, OPTrust will be mailing out buyback quotes shortly to provide the cost of buying back your service. For more information, please visit the OPTrust website.
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Defined Benefit (DB) Pension Plans: Supporting Ontario’s Economy
The Healthcare of Ontario Pension Plan (HOOPP), OPTrust, and University Pension Plan (UPP) recently commissioned the Conference Board of Canada to analyze the economic impact of Defined Benefit (DB) pension plan payouts in Ontario. The results are impressive: Defined Benefit pensions not only provide Ontarians with better retirement outcomes but also benefit the entire Canadian…
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“This is why we are retiring in poverty:” Health care workers slam SickKids for choosing not to pay into pension plan for 26th year
Health-care workers at SickKids Hospital in Toronto are outraged by their employer’s recent announcement that it will continue its “pension holiday” rather than improve retirement benefits for its staff. Last week, SickKids announced that it will not be paying into the staff pension plan for yet another year – it has only contributed to the…
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OPSEU/SEFPO seeking CAAT-Academic Retiree Volunteer
The Ontario Public Service Employees Union/Syndicat des employés de la fonction publique de l’Ontario (OPSEU/SEFPO) is seeking a retiree to represent OPSEU/SEFPO as a Trustee on the CAAT Pension Plan. This Trustee position rotates between OPSEU/SEFPO CAAT Support, OPSEU/SEFPO CAAT Academic and Ontario College Administrative Staff Association (OCASA). The appointment currently held by CAAT Support…
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United for a decent pension plan: Staff at SickKids rally for same deal as other Ontario hospital workers
Staff at SickKids Hospital in Toronto organized a demonstration today, calling on the employer to join the Healthcare of Ontario Pension Plan, HOOPP. The call comes after workers became aware that their current pension will leave them retiring in poverty because the employer failed to contribute to the plan for decades. “This hospital built its reputation…
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HOOPP Benefit Improvement
Your pension is increasing! HOOPP is helping you get even more from your pension As one of Canada’s strongest pension plans, HOOPP is passionate about delivering on their pension promise by providing secure and reliable retirement income to members. That’s why we are pleased to share that, supported by the overall strength of the Plan,…
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OPTrust Retroactive Salary award
OPTrust Retroactive Salary award OPTrust has published information related to Bill 124, retroactive wage increases and the impact on your pension benefit. This communication is intended for OPSEU/SEFPO members who participate in the OPSEU Pension Plan (OPTrust). Please find a link to the communication below: OPSEU/SEFPO Retroactive Salary Awards (optrust.com)
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OPTrust’s 2023 Annual Funded Status Report
TORONTO, March 12, 2024 – OPTrust today released its 2023 Funded Status Report, People. Purpose. Pensions., which details the Plan’s financial results and funded status. In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent. Over the past 10 years, the Plan’s average net investment…
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Pension primer: any pension is great, but a defined-benefit pension is the gold standard
Workers need pensions! It’s important to understand the types of pensions for organizing, bargaining, and arranging your personal financial health. This post is a quick intro to Defined Benefit and Defined Contribution pension plans from the Pension & Benefits Unit. A pension is a form of retirement plan designed to provide financial support and income…
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Case Comment: How the “precautionary principle” allowed TDSB to put some workers on unpaid leave
COVID-19 has been a complex challenge for employers – and unions – to balance the rights and interests of workers in the face of a global pandemic. In a key decision in March of 2022, the well-respected arbitrator William Kaplan issued a decision about a grievance filed by CUPE Local 4400 against a COVID policy…