October 31, 2013 An important new study
outlines the economic impact of Canada’s Defined Benefit pension funds. Pensions
sustain retirees, lift seniors out of poverty, and significantly contribute to
the local economy of communities.
October 9, 2013 If so you might be
missing out on one of the most important benefits your employer provides.
July 8, 2013 Last month results were released showing the impact the ten largest pension plans in the country, including three that OPSEU sponsors, have on the Canadian economy.
2013 Effective January 1, 2014, the CAAT Pension Plan is eliminating
the existing waiting period of 24 months of continuous employment for part-time
March 25, 2013 HOOPP releases their 2012 Annual Report Thoughtful Change
January 18, 2013 Members (past and present) who worked for a municipal or
other home care provider that subsequently became CCAC’s may be eligible for a
lump sum payment. Please read further if you think you may be affected.
December 5, 2012 We are happy to report the settlement for the CCAC
Pension Class Action Lawsuit has been approved
November 23, 2012 A hearing is scheduled on November 28, 2012 at the
Ontario Superior Court of Justice in regards to the McSheffrey class action
August 31, 2012 News, facts, and action to keep retirement savings out of the hands of McGuinty
Pensions in Perspective newsletter
July 3, 2012 Pensions in Perspective is a newsletter that promotes innovative
ideas about how to provide for adequate retirement income for Canadians,
including defending defined benefit pension plans. The current issue interviews
Leo Kolivakis, an activist who fends off attacks on the defined benefit pension
model. In the article he talks about right wing attacks on public sector
pensions and how we can change societal ideas by having a conversation about
defined benefit pensions for all rather than taking away pension from public
sector workers. Visit the Healthcare of Ontario Pension Plan website to read
the current issue of the Pensions in Perspective newsletter.
May 25, 2012 Members (past and present) who worked for municipal or other home care provider that subsequently
became CCAC’s may be eligible for a lump sum payment under a proposed settlement (if approved by the court) to the class action
lawsuit filed by OPSEU. Please read further if you think you may qualify.
December 22, 2011 TOPPSfund continues to be tabled at BPS bargaining tables across
the province and has had some success this year that we are excited to tell you about!
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 by October 28.
September 8, 2011 The Canadian Labour Congress campaign
for an improved Canada Pension Plan has issued a detailed print resource called
“How it works for Ontario”. Download the pdf and join the campaign today.
March 10, 2011 For the past year, the Funding Task Force
(composed of OPSEU and College representatives) has carried out research and
investigations into funding alternatives to address pension plan funding
deficits expected in the actuarial valuation as of January 1, 2011.
January 7, 2011 OPSEU has submitted a response to
the Ministry of Finance regarding retirement security and, in particular,
consideration of the Canada Pension Plan (CPP) and pension innovation to extend
effective pension coverage to all Canadians.
Dec 22, 2010 “…increased RRSP contributions
will make the financial institutions better off, while an increase in CPP
contributions will make Canadian pensioners better off,” writes Douglas Peters.
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..
April 7, 2010 The "H" in HOOPP is changing to Healthcare,
and the full name is now the Healthcare of Ontario Pension Plan.
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. more...
Government of Ontario approves changes OPTrust buyback rules
January 26, 2010 Changes to pension buyback
rules create a new “open option” for eligible members to buy back
credit after the plan’s normal 24-month application deadline has
The first step in pension reform
Bill 236 is a cautious first phase of amendments to the
Pension Benefits Act. Second reading of the bill should occur in February
2010 but is unscheduled as yet. Another bill is planned for 2010 and Premier
McGuinty has also called for a national pension summit in 2010 to encourage
a pan-Canadian discussion on retirement income; this call has been endorsed
by all other Premiers. Bill 236
The OPSEU Pension Plan System
September 25, 2009 TOPPSfund is a brand-new pension plan
for OPSEU members working in the Broader Public Sector. TOPPSfund is a target
benefit plan which is available to provide pensions for BPS members without
pension coverage. more…
OPSEU defends defined benefit pensions.
March 18, 2009 Patty Rout, Vice President/Treasurer
appears at federal hearing with NUPGE and the CLC to defend defined benefit
OPSEU's response to the recommendations of the Ontario Expert Commission on
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
"A Fine Balance: Safe Pensions, Affordable Plans, Fair Rules"
November 21, 2008 The Ontario government has released the
final report of the Ontario Expert Commission on Pensions, after two years of
consultations with stakeholders in the pension community, including OPSEU. This
report was prepared by Professor Harry Arthurs and an expert panel including
Murray Gold of Koskie Minsky and Bob Baldwin of the Canadian Labour Congress.
OPSEU is reviewing the report, titled "A Fine Balance: Safe Pensions, Affordable
Plans, Fair Rules" and will make written submissions to the government in the
Contribution decrease for OPSEU members in the plan
August 18, 2008 As of January 1, 2009, contribution rates
for the majority of OMERS plan members will decrease.
Download PDF for more details.
March 25, 2008 OPSEU is looking for a Union Trustee for the OPT
October 30, 2007 The Expert Commission commission is
reviewing the Benefit Act, which regulates about 7,500 pension plans in
Ontario. Former York University President Harry Arthurs was appointed
commissioner. (More info available at
OPSEU Joint Trusteed Benefit Fund
Joint Trusteed Benefit Fund was launched on July 1st, 1996. Employers who have an
OPSEU collective agreement will now be able to obtain all their
group life and health insurance from the Trust Fund, not only for
their OPSEU Bargaining Unit, but for their entire organization. more...
14, 2001 OPSEU submission to government on surplus distribution for
defined-benefit pension plans This submission is an initial response to the
Ministry consultation paper, Surplus Distribution from Defined
Benefit Plans. OPSEU urges the Government to reconsider its
proposed changes to the Pensions Benefit Act and pension
regulations. .pdf file 132.35KB
Pension trustees: OPSEU invites your interest
OPSEU has representatives on the boards of trustees for both
the OPSEU Pension Trust (OPT) and the Hospitals of Ontario Pension
From time to time, vacancies arise. If you would like to be a
trustee of your pension plan, find out what’s involved. more...
Become an OPSEU pension trustee
August 23, 2007
The deadline is Sept. 5 for becoming an OPSEU pension trustee.