Tag: Pensions
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OPSEU’s President to OMERS: You won’t muzzle working people with threats
OPSEU and other employee groups on the OMERS Sponsors Corporation Board of Directors have raised concerns about changes to the board’s governing bylaws that could stifle the voice of the workers’ representatives. OPSEU members handed out leaflets earlier this month detailing the concerns they have about the changes. OMERS responded by threatening to sue OPSEU…
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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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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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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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HOOPP pension improvements take effect January 1
Pensions payouts are about to get better for members of the Healthcare of Ontario Pension Plan (HOOPP). Effective January 1, 2018, HOOPP is making changes to the way it calculates pension payouts. All of the changes mean more money in the pockets of HOOPP members. HOOPP is a jointly trusteed pension plan governed by a…
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Be an OPSEU pension trustee!
Three of the jointly-sponsored pension plans that OPSEU members belong to are looking for members to take on the important and fascinating work of being a pension plan trustee. Interested OPSEU members in the Healthcare of Ontario Pension Plan (HOOPP), the Ontario Municipal Employees Retirement System (OMERS), and the OPSEU Pension Trust (OPTrust) are invited…
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Apply to be an OPTrust trustee
The OPSEU Pension Liaison Committee invites you, or someone you know, to get involved with the OPSEU Pension Trust (OPTrust) by applying to be a union trustee. We are looking for suitable candidates for two available trustee positions. With the challenges facing defined benefit pension plans, we need people who have a firm and deep commitment to the…
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OPSEU is looking for a sponsor representative for OMERS
The Pension Liaison Committee invites you or someone you know to get involved with OMERS, the Ontario Municipal Retirement System, by applying to become an OPSEU representative on the Sponsors Corporation (SC). We are looking for suitable candidates for the position of Sponsor Representative. With the challenges facing defined benefit pension plans, we need people who…
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HOOPP seeks OPSEU trustee
The OPSEU Pension Liaison Committee invites you or someone you know to get involved with the Healthcare of Ontario Pension Plan (HOOPP) by applying to become a union trustee. We are looking for suitable candidates for an available trustee position. With the challenges facing defined benefit pension plans, we need people who have a firm…
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Know your defined benefit pension plan — book a HOOPP workshop!
Do you know what it means to have a defined benefit (DB) pension plan? The Healthcare of Ontario Pension Plan (HOOPP) is offering a workshop on defined benefit plans — how they work, and how they benefit plan members and all Canadians. The 30-45 minute workshop, for OPSEU members in HOOPP, can be delivered anywhere…
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Optional benefits upgrades now available for OPTrust retirees
Further to the settlement with the Government of Ontario announced in November 2016, optional benefit upgrades are now available for purchase from OPTrust. Please review the pamphlet and factsheet (below) for more information. If you are an OPTrust retiree and would like to purchase one of the described upgrades, please complete the attached application form and forward…
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OPSEU President calls for meeting re: HOOPP loan to company
OPSEU President Warren (Smokey) Thomas has sent the letter below to Jim Keohane, President and CEO of the Healthcare of Ontario Pension Plan. May 3, 2017 Jim Keohane, President and CEO Healthcare of Ontario Pension Plan (HOOPP) 1 York Street, Suite 1900 Toronto, Ontario M5J 0B6 Via email Re: Request for a meeting of HOOPP…