Tag: Pensions
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Classic Case Comment: Challenging Employers’ rules with the “KVP test”
OPSEU/SEFPO members often want to know when and how they can use the grievance process to challenge unreasonable Employer edicts. Arbitrators have ruled that Employers do have the legal power to issue policies and rules unilaterally under their right to manage the workplace. But this power is not without limitations. There are circumstances in which…
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Pension to the Max – Deciding when it’s best to begin receiving payments
“Normal retirement age” in Canada is age 65. This is when you can begin to collect your full Canada Pension (CPP), Old Age Security (OAS), and employer pension payments. You may choose to continue working and delay receiving your pension payment. But you can’t delay your pension payments forever. Income Tax Act regulations mean you…
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OPTrust Plan changes improve survivor benefits for dependent children
Effective April 1, 2023, two significant changes were enacted to the OPSEU Pension Plan that provide improved survivor benefits for dependent children. These changes are substantial improvements to survivor benefits and provide members with peace of mind knowing that their loved ones are financially secure in the event of their untimely passing. The first change…
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CPP Fact Sheet #4
Canada Pension Plan and Old Age Security payment rates (January – March 2025) See a break down of the 2025 Maximum and Average payment values for the following Government Sponsored programs: CPP (age 65 and post Retirement Benefit), CPP Disability, CPP Survivor benefit, Death benefit, Old Age Security (OAS) and Guaranteed Income Supplement (GIS). If…
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CPP Fact Sheet #3
Canadian Pension Plan Retirement Pension What is the Canadian Pension Plan (CPP) Retirement Pension? A CPP lifetime retirement pension is a monthly benefit paid to individuals who contributed to the Canada Pension Plan. The CPP pension was initially designed to replace approximately 25% of a person’s earnings from employment, up to a maximum amount. In…
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CPP Fact Sheet #2
Canada Pension Plan Disability Benefit What is the CPP Disability Benefit? Canada Pension Plan (CPP) Disability Benefit provides a monthly taxable benefit to CPP contributors who are disabled, and their dependent children. You should apply for CPP Disability Benefits if you develop a severe and prolonged illness or a disability that prevents you from working…
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CPP Fact Sheet #1
Canada Pension Plan Enhancement Since 2019, the Canada Pension Plan (CPP) is being gradually enhanced. This means you will receive higher benefits in exchange for making higher contributions. The CPP enhancement will only impact you if, as of 2019, you work and make contributions to the CPP. Payment increase If you apply for CPP and…
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Apply to be an OPTrust trustee
The Pension Liaison Committee invites you or someone you know to get involved with the OPTrust by applying to become a union trustee. With the challenges facing defined benefit pension plans, we need people who have a firm and deep commitment to the labour movement and union principles. OPTrust trustees meet a number of times…
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OPTrust releases enhanced climate change strategy
Strategy includes action plan to achieve net-zero portfolio by 2050
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Canadian Blood Services Pension Plan – Union Trustee Vacancy
The Pension Liaison Committee invites you or someone you know to get involved with the Canadian Blood Services Pension Plan by applying to become a union trustee. We require your assistance in helping us to find suitable candidates for one available trustee position. With the challenges facing defined benefit pension plans, we need people who…
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Healthcare of Ontario Pension Plan Observer Position
The Pension Liaison Committee invites you or someone you know to get involved with HOOPP by applying to become an OPSEU/SEFPO Observer on the Board of Trustees. We require your assistance in helping us to find suitable candidates for the position of Observer for a two year period. The successful applicant must be a member…
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Great news: HOOPP pension benefit improvement
A message for all OPSEU/SEFPO members who participate in the HOOPP pension plan. HOOPP is helping you build retirement security! HOOPP members belong to one of Canada’s strongest pension plans. HOOPP’s sole mission is to fulfil their pension promise by providing secure and reliable retirement income to members. That’s why we are pleased to share…
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OPTrust surpasses 100,000-member milestone
The following news release was published by OPTrust on November 24. Toronto, November 24, 2021 – OPTrust, one of Canada’s largest defined benefit pension plans, has welcomed the 100,000th member to the Plan. Since inception, OPTrust’s membership has increased by more than 40 per cent from just under 70,000 in 1995. Today, OPTrust delivers retirement security…
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OPSEU/SEFPO pensions collaborate with other plans on financial literacy month video
Toronto – Defined benefit (DB) pension plans from across Canada today released an informational video entitled What’s Important produced in collaboration to mark Financial Literacy Month and raise awareness about the value of retirement income security. The plans include BC’s College, Municipal, Public Service and WorkSafeBC, College of Applied Arts and Technology (CAAT), OMERS, Ontario…
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College Support retiree needed as CAAT Pension Plan Trustee
The Ontario Public Service Employees Union (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 OCASA expires December 31, 2021. The next appointment is to…
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OMERS Vacancy: Sponsors Corporation Representative
The following letter was sent to all OPSEU/SEFPO local presidents whose members are part of the Ontario Municipal Employees Retirement System (OMERS) pension plan. To: All BPS Local Presidents or highest ranking officers with members in OMERS From: Giulia Volpe, Benefits Counsellor on behalf of the Pension Liaison Committee Date: November 12, 2021 Re: Ontario…
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Canadian Blood Services Pension Plan: Union Trustee Vacancy
To: All Local Presidents and members in the Canadian Blood Services Pension Plan From: Giulia Volpe, Benefits Officer on behalf of the Pension Liaison Committee Date: November 12, 2021 Canadian Blood Services Pension Plan – Union Trustee Vacancy The Pension Liaison Committee invites you or someone you know to get involved with the Canadian Blood…
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OPTrust News: OPTrust Select Continues Growth, 50 Employers Enrolled
The following news release was published by OPTrust on October 27. TORONTO, October 27, 2021 – Since enrolment began in 2019, 50 organizations from communities across Ontario have joined OPTrust Select – a defined benefit pension offering designed to enhance retirement security for employees who work at charitable, nonprofit and broader public sector organizations in Ontario.…
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OMERS Vacancy: Sponsors Corporation Representative
The following letter was sent to all OPSEU/SEFPO local presidents whose members are part of the Ontario Municipal Employees Retirement System (OMERS) pension plan. Download the letter. To: All BPS Local Presidents or highest ranking officers with members in OMERS From: Giulia Volpe, Benefits Counsellor on behalf of the Pension Liaison Committee Date: October 8,…
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Canadian Blood Services Pension Plan: Union Trustee Vacancy
The following letter was sent to all Canadian Blood Services Local Presidents whose members are part of the Canadian Blood Services Pension Plan. Download the letter. To: All Local Presidents and members in the Canadian Blood Services Pension Plan From: Giulia Volpe, Benefits Officer on behalf of the Pension Liaison Committee Date: October 8, 2021…