Looking forward to change
Looking foward to change
Reminder - Change to 50/20 provision in 2013
New provisions make Plan membership more valuable
CAAT Support members can purchase strike period
New rules for splitting pensions
Diversified portfolio for Plan security
Changes to the Canada Pension Plan
5 facts about public-sector pension plans
New publications help you understand the value of your benefit
The end of the year is approaching fast! In the final newsletter of 2011, we review some of the changes that took place this year and look ahead to what’s in store for 2012.
In this issue, we introduce you to our newest non-college employer (see box, below), and take a look at our revamped pension publications, recently launched in print and online. Read about the impact of the recent OPSEU support strike on the pensions of members who may be retiring soon.
Some of the changes coming in 2012 are the result of ongoing pension reform in Ontario. The elimination of the 2-year “waiting period” for vesting and changes to the rules around pension splitting upon marriage breakdown emphasize the important role defined benefit pensions play for our members. The Canada Pension Plan has also announced adjustments to help keep up with the changing retirement needs of Canadians, which we’ve outlined.
Be sure to read on to keep informed and up-to-date on changes that affect the Plan and your pension.
This past June the Plan’s governors formally welcomed OntarioLearn as our newest “non-college employer”. OntarioLearn joins the Ontario College Application Service, the College Employer Council, Ontario Colleges Library System and the Northern Centre for Advanced Technology as participating employers operating within the college system.
OntarioLearn, in partnership with the colleges, provides an online learning website to help students pursue their educational goals.
The Plan’s new employer strategy continues to ensure that employees working for college-related employers have an opportunity to be part of the Plan.
