OPSEU submission to government on surplus distribution for
defined-benefit pension plans
September
14, 2001 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 clean-up
deal finds cash for OPT plan members
If your pension is funded by the
OPSEU Pension Trust (OPT), you may have some cash coming. Read May
23 Action Fax.
The full text of the “data
purification project” settlement is
available here. .pdf file 279.12KB .
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
Plan (HOOPP).
From time to time, vacancies arise. If you would like to be a
trustee of your pension plan, here’s what’s involved.
- You must be able to absorb a lot of written material.
- Your job is to represent the interests of the union and of
your fellow plan members.
- Pension law spells out your responsibilities and the scope
of your authority.
- You must have demonstrated knowledge of trade union
principles, and be able to understand pension plan
administration and investment.
- Sometimes a specific vacancy requires special skills.
- You must be an active member of the pension plan for which
you are a trustee.
- The term of office is generally three years.
OPSEU provides periodic training.
Full details are available from smcvittie@opseu.org
in the Membership Benefits Unit,
If you would like to be a pension trustee, please e-mail your
application outlining your experience and achievements. You will
be notified as positions become available.
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