Tag: Pensions
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New retirement savings guide spells out options
The latest publication of the OPSEU Pension and Benefits Unit is now online. Retirement savings: a guide is chock full of information about preparing yourself financially for life after work. More…
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OPSEU to file for interim relief from retiree benefit changes if talks fail
OPSEU President Warren (Smokey) Thomas has sent the letter below to all OPSEU members in the OPSEU Pension Trust pension plan. Action memo To: All OPSEU members in the OPSEU Pension Trust pension plan From: Warren (Smokey) Thomas, President Date: October 25, 2016 Re: OPSEU to file for interim relief from retiree benefit changes if…
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Workplace Pensions and other retirement savings
This guide provides basic information on pensions and other retirement savings vehicles. Its main purpose is to educate OPSEU members on the different types of available retirement savings vehicles and encourage members to start saving early, in whatever way best suits them. If you are not sure what’s available to you, check your collective agreement.…
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OPSEU to Queen’s Park: Don’t tamper with public sector pension plan rules
If it ain’t broke, why fix it? That’s the message at the heart of OPSEU’s pitch to a special consultation group that is studying changes to the rules around defined-benefit pension plan solvency in Ontario. In its written submission to the Ministry of Finance, OPSEU said that jointly sponsored pension plans (JSPPs) – like OPTrust,…
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Looking for New Trustee for OPTrust
The Pension Liaison Committee invites you or someone you know to get involved with the OPSEU Pension Trust (OPTrust) by applying to be a Trustee. We require your assistance in helping us to find suitable candidates for the position of Union Trustee. Candidates must be active members of the OPTrust. The appointment is effective as…
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Time to step up lobby on retiree benefits: Thomas
The President of OPSEU is calling on members of the OPSEU Pension Trust (OPTrust) pension plan to step up their lobbying of local MPPs around the issue of post-retirement benefits. “We have been fighting the government’s plan to make OPSEU members in OPTrust pay premiums for post-retirement benefits since the idea was first announced in…
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Letter to Liz Sandals re: post-retirement benefits
September 29, 2016 Via email: sandals.mpp@liberal.ola.org The Honourable Liz Sandals President of the Treasury Board Treasury Board Secretariat Room 4320, 4th Floor, Whitney Block 99 Wellesley Street West Toronto, Ontario M7A 1W3 Re: Fairness for retirees Dear Ms. Sandals: More than two-and-a-half years ago, your government announced a plan to require public employees whose pension…
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CPP expansion is right move for Ontario workers: Thomas
Toronto – Ottawa’s plan to expand the Canada Pension Plan (CPP) is “the right move for Ontario workers,” the President of the Ontario Public Service Employees Union says. “Our union, along with the rest of the labour movement in Canada, has always supported CPP expansion,” Warren (Smokey) Thomas said today. “The CPP is a tried…
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CAAT Academic Joint Insurance Committee
Appealing a Benefit Claim Denial Every month the CAAT Academic Joint Insurance Committee (JIC) reviews cases where decisions made by Sun Life resulted in claim denials the Extended Health, Dental, Long Term Disability, Life Insurance (including Basic, Supplementary, Supplementary Spousal and Dependent) and Critical Illness plans. When, in our analysis, we believe that an error,…
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Post Retirement Insured Benefits
Proposed Changes to Post-Retirement Insured Benefits for Active and Deferred Members in the OPSEU Pension Plan This information is provided as of April 5, 2016 and is subject to change, as more information becomes available. On February 18, 2014 the Government of Ontario announced proposed changes to the eligibility criteria and terms for post-retirement insured…
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OPSEU Pension Trust is looking for a union trustee
The Pension Liaison Committee invites you or someone you know to get involved with the OPSEU Pension Trust (OPTrust), by applying to be a Trustee. The appointment is effective as of April 15, 2016 and is for a three year term. With the challenges facing defined benefit pension plans, we need people who have a…
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HOOPP’s part-time and non-full-time employee program launched
The Healthcare of Ontario Pension Plan (HOOPP) has announced that all part-time and other non‑full‑time employees will have the option of joining HOOPP starting October 1, 2015. There will be no waiting period. The announcement comes as part of HOOPP’s part-time and other non-full-time employee program, We’re In. Are you? Launched on August 19, the…
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Change to HOOPP coming for Part-Time and Non-Full Time Employees
Effective October 1, 2015, all part-time and non-full-time employees eligible to join HOOPP immediately. HOOPP’s Board of Trustees is very pleased to announce that effective October 1, 2015, all part-time and non-full-time employees who are employed by HOOPP employers will have the option to join the plan immediately. Currently, in order to join the plan…
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An open invitation to all OPSEU CAAT Academic retirees
The Ontario Public Service Employees Union (OPSEU) is seeking a member to represent OPSEU as a Trustee on the CAAT Pension Plan for an upcoming vacancy. This Trustee position rotates between OPSEU CAAT Support, OPSEU CAAT Academic and the Ontario College Administrative Staff Association (OCASA). The appointment is currently held by OPSEU CAAT Support and…
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Notice to CCAC Pension Class Action members
The Representative Plaintiffs in the CCAC Pension Class Action have brought a motion for an order from the Superior Court of Justice asking that the court confirm that all necessary steps have now been taken in the administration of the settlement. The motion will be heard on Thursday June 11, 2015 at 10 a.m. in…
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Divestment Pension Transfers Question & Answers
Information Surrounding Pension Transfers for Divested OPSEU Members OPSEU members who are still working and who may have pension contributions with more than one pension plan (OPT, HOOPP and/OMERS) have been sent, or will be sent over the next two months, information packages about their eligibility to combine their pensions in their current pension plan. …
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Pension Transfer Agreement Signed for Past Divestments
On May 20, 2014 the Healthcare of Ontario Pension Plan (HOOPP), the Ontario Municipal Employees Retirement System (OMERS) and the OPSEU Pension Trust (OPTrust) entered into an agreement that will allow members who were previously divested and who saw their pensions split between two of the above plans, to transfer their credited service. Due to restrictions…
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Petition to restore health benefits for future OPTrust retirees
Post and circulate this petition, started by OPS members at Convention 2014 last week. The petition calls on the next government, to be elected June 12, to rescind the previous government's decision to require members of OPSEU Pension Trust retiring on or after January 1, 2017 to pay half the cost of post-retirement health care…
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OPSEU Pension Forum: The Changing World of Pensions
Come to an important forum on pensions, and learn how changes could affect you. All OPSEU members are welcome. OPSEU Pension Forum The Changing World of Pensions May 7, 2014, 5- 7pm Room 203, Metro Toronto Convention Centre Learn about how these changes could affect you: CAAT Pension Plan Growth New Government of Ontario proposal…