Pension

Documents

• OPSEU Local 365 Pension Plan
• OPSEU Pension FAQ (March 2019)

Information Releases

• Pension Info – Part 1 [Jan 2019]
  Background, About the OPSEU Pension Plan, Defined Benefit vs. Defined Contribution, Example calculations
• Pension Info – Part 2 [Feb 2019]
  Why Consider Changing Our OPSEU Pension Plan?
• Pension Info – Part 3 [Feb 2019]
  Pension Plan Alternatives Moving Forward
• Pension Info – Part 4 [Mar 2019]
  Terms & Definitions
• Pension Info – Part 5 [Apr 2019]
  Historical Performance
• Pension Info – Part 6 [Feb 2020]
• Pension Info – Part 7 [Feb 2020]

Trent University Pension Information

• Trent U. Human Resources Pensions: https://www.trentu.ca/humanresources/human-resources-services/pension
• Trent U. Faculty Association: http://www.trentfaculty.ca
• Financial Services Commission of Ontario provides basic information about pension plans in Ontario. Here is what they have on our pension plan (#0310409): http://planinfoaccess.fsco.gov.on.ca/PlanDetails.aspx?PlanKey=0009092

Links to Possible Pension Plans We Might Have an Opportunity to Join

• University Pension Plan (UPP): http://www.universitypension.ca
• U of T vote of support: https://www.utoronto.ca/news/facultyassociation-usw-local-1998-vote-support-university-pension-plan-ontario
• Guelph vote of support: https://news.uoguelph.ca/2019/02/uswand-ugfa-support-transition-to-upp-the-future-of-sustainable-pension-plans-at-u-of-g/
• Queen’s vote of support: https://www.queensu.ca/gazette/stories/uswlocal-2010-and-qufa-support-transition-upp-ratify-collective-agreements
• College of Applied Arts and Technology (CAAT) Pension: https://www.caatpension.on.ca/en
• Op-Trust (Ontario Public Service Employees Union, or OPSEU) Pension Plan: https://www.optrust.com/Home/default.asp

Information About Retirement Benefits and Possible Income Sources

• Retirement Planning (Government of Canada):
  https://www.canada.ca/en/financial-consumer-agency/services/retirement-planning.html
• Canada Pension Plan (CPP): https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
• Canada Pension Plan Enhancement: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-enhancement.html
• Old Age Security (OAS): https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
• Guaranteed Income Supplement (GIS): Note: few if any members will qualify for this low income supplement: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement.html
• Registered Retirement Savings Plans (RRSPs): https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/registered-retirement-savings-plan-rrsp.html
• Tax-Free Savings Accounts (TFSAs): https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account.html
• My Service Canada Account: https://www.canada.ca/en/employment-social-development/services/my-account.html

Organizations Involved in / Advocating for Pensions

• Association of Canadian Pension Management (ACPM): https://www.acpm.com/aboutACPM.aspx
• Canadian Federation of Pensioners: http://pensioners.ca
• Canadian Pension & Benefits Institute (CPBI): http://www.cpbi-icra.ca
• CARP (formerly Canadian Association for Retired Persons): http://www.carp.ca
• College and University Retiree Associations of Canada (CURAC): https://www.curac.ca
• Pension Investment Association of Canada (PIAC): https://www.piacweb.org/home.html

Pensions in Ontario and Canada: Regulations, Statistics, and Commentary

• Pensions (Financial Services Commission of Ontario): http://www.fsco.gov.on.ca/en/pensions/Pages/Default.aspx
• What’s behind the Canadian pension crisis? The Independent 2018-05-18. http://theindependent.ca/2018/05/12/whats-behind-the-canadian-pension-crisis/
• Why the jointly sponsored UPP is the right pension for the university sector. Benefits Canada 2019-03-04. https://www.benefitscanada.com/news/why-the-jointly-sponsored-upp-is-the-right-pension-option-for-the-university-sector-126518
• Large Canadian Public Pension Funds: A Financial System Perspective. Bank of Canada 2016-06. https://www.bankofcanada.ca/wp-content/uploads/2016/06/fsr-june2016-bedard-page.pdf
• New Facts on Pension Coverage in Canada. 2014. Drolet and Morissette, Statistics Canada. https://www150.statcan.gc.ca/n1/en/pub/75-006-x/2014001/article/14120-eng.pdf?st=3xAD7Xky
• Pension Plans in Canada, as of January 1, 2017. Statistics Canada 2018-06-27. https://www150.statcan.gc.ca/n1/daily-quotidien/180627/dq180627e-eng.htm
• The Extinction of Defined-Benefit Pension Plans is Almost Upon Us. 2018-12-28. Vettese, Globe and Mail. https://www.theglobeandmail.com/investing/personal-finance/retirement/article-the-extinction-of-defined-benefit-pension-plans-is-almost-upon-us/
• Trends and Changes for Pension Plan Sponsors Heading Into 2019. 2018-12-28. Gang, Canadian Investment Review. http://www.investmentreview.com/news/trends-and-changes-for-pension-plan-sponsors-heading-into-2019%EF%BB%BF%EF%BB%BF%EF%BB%BF%EF%BB%BF-8933
• More than 60% of Canadian DB Pension Plans Fully Funded: Mercer. 2018-10-02. Advisor’s Edge. https://www.advisor.ca/news/more-than-60-of-canadian-db-pension-plans-fully-funded-mercer/
• Statistics Canada has an entire section on Pensions and Retirement Income Programs, where you can explore various statistics by date and region:https://www150.statcan.gc.ca/n1/en/subjects/income_pensions_spending_and_wealth/pensions_and_retirement_income_programs
• The Retirement Age in Canada is Too Low- and That’s a Growing Problem. 2019-02-01. Taylor, Macleans. https://www.macleans.ca/opinion/the-retirement-age-in-canada-is-too-low-and-thats-a-growing-problem/
• The Office of the Superintendent of Financial Institutions (Government of Canada) has a page dedicated to pension plans, including news, a guide for members, a glossary of terms, and statistics. http://www.osfi-bsif.gc.ca/Eng/pp-rr/Pages/default.aspx#
• 2017 Report (as well as other years) on the Funding of Defined Benefit Pension Plans in Ontario- 14^th Annual Report. 2018-08. Financial Services Commission of Ontario. https://www.fsco.gov.on.ca/en/pensions/actuarial/Pages/risk-based_supervision.aspx
• Pension Plans: Managing Risks. In: Annual Report 2016-2017, Financial Services Commission of Ontario. https://www.fsco.gov.on.ca/en/about/annual_reports/Pages/ar2016-pensions.aspx
• 2018 Ontario Budget: Registered Pension Plan Issues. 2018-04-02. Blakes Business Class. https://www.blakesbusinessclass.com/2018-ontario-budget-registered-pension-plan-issues/
• Workplace Pension Plans. 2019. Financial Services Commission of Ontario. https://www.fsco.gov.on.ca/en/pensions/retirement/pages/workplace-pension.html
• Risk and Reward in Public Sector Pension Plans: A Taxplayer’s Perspective. 2018-12-06. Fraser Institute. https://www.fraserinstitute.org/studies/risk-and-reward-in-public-sector-pension-plans-a-taxpayers-perspective
• What’s the Retirement Age? 2019. Wealthsimple. https://www.wealthsimple.com/en-ca/learn/whats-the-retirement-age
• Why the Canada Pension Plan will still be solvent — and then some — when you retire. https://www.cbc.ca/news/business/cpp-explainer-1.5133984