Tag: Pensions
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HOOPP 2012 Annual Report
Health Care HOOPP releases 2012 Annual Report March 25, 2013 HOOPP releases their 2012 Annual Report Thought Change. Highlights include: The funds' assets grew from $40.3 Billion to $47.4 Billion in 2012. This represents a 17.1% growth and the Fund's highest rate of return in 10 years. HOOPP remains fully funded at 104%. For details…
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Backgrounder: Pensions for most OPSEU members under attack
Facts on McGuinty Liberals' pension grab Premier Dalton McGuinty and Finance Minister Dwight Duncan are looking for ways out of Ontario’s financial trouble. And instead of looking to corporations to pay their fair share of taxes, they’re looking to members of Ontario’s larger jointly-sponsored pension plans. That means most OPSEU members. Cloaked in talk of…
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Become a Union Trustee for the Healthcare of Ontario Pension Plan
HOOPP Trustee Search October 3, 2011 The Pension Liaison Committee invites all OPSEU members in the Healthcare of Ontario Pension Plan (HOOPP) to apply for the position of 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,…
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OMERS Plan to Reduce Deficit
OMERS Sponsors Corporation approves plan changes to address deficit July 7, 2010 The Sponsors Corporation of the Ontario Municipal Employees Retirement System (OMERS) has approved temporary changes to support the funded status of the OMERS Primary Plan: A three-year contribution rate increase for both members and employers, beginning in 2011, following the filing of the…
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OPSEU Pension Trust: January 26, 2010 change to the OPSEU Pension Trust buyback rules
Attention OPSEU Pension Trust Members: January 26, 2010 OPSEU and the Government of Ontario have approved a change to the OPSEU Pension Trust buyback rules. The change creates a new “open option” for eligible members to buy back credit after the plan’s normal 24-month application deadline has expired. As a result, members who missed OPTrust’s…
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General Sector: E-mail the Premier about retiree benefits
On February 18, 2014 OPSEU members were shocked to learn that the Wynne Liberals will force members of the OPSEU Pension Trust to pay more for extended health benefits when they retire. This includes OPSEU members in AGCO who were divested out of the OPS and have a pension with OPTrust. The government did not…
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Email the Premier about Retiree Benefits
On February 18, OPSEU members were shocked to learn that the Wynne Liberals will force members of the OPSEU Pension Trust to pay more for extended health benefits when they retire. This includes OPSEU members working for the LCBO. The government did not consult with OPSEU and no negotiations of any kind took place. This…
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Update for CCAC members regarding the Pension Class Action Lawsuit
NOTICE OF HEARING TO EXPAND THE CLASS AND APPROVE A PROPOSED SETTLEMENT OF CLASS PROCEEDINGS REGARDING THE PENSION PLAN OF EMPLOYEES TRANSFERRED TO CCACs SCHEDULE “A” – LONG FORM NOTICE TO: ALL PERSONS WHO WERE MEMBERS OF OPSEU, ONA, OR ANOTHER UNION, BETWEEN 1996-1998, AND WORKED AS EMPLOYEES FOR MUNICIPALITIES OR OTHER EMPLOYERS PROVIDING HOME…
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OPSEU’s response to the recommendations of the Ontario Expert Commission on Pensions
February 27, 2009 This week, OPSEU has responded to the recommendations of the Ontario Expert Commission on Pensions. In the brief, OPSEU calls for universal pension coverage for all workers under a new, non-profit, public Ontario Pension Agency. Among other recommendations to the Minister of Finance, OPSEU called for an end to split pensions caused…
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Member Benefits: OPSEU delivers message on Pensions at the Ontario Legislature today
April 1, 2010 Patty Rout, First Vice-President / Treasurer delivers message today at the Ontario Legislature on Bill 236, An Act to amend the Pensions Benefit Act. In addition to the submission of OPSEU’s core brief, the Ambulance Division has also submitted a separate brief. The summary of recommendations are as follows: The issue of…