|Date||January 17, 2019|
|To:||Participants in the University of Toronto Pension Plan|
|From:||Angela Hildyard, Special Advisor to the President and Provost|
Happy New Year! In 2019, you’ll be part of an important decision on the future of university sector pensions in Ontario.
This update on the proposed University Pension Plan Ontario (UPP) can help you with that decision. Stay informed. Sign-up for UPP Updates to receive alerts and the latest information on the proposed sustainable defined benefit jointly sponsored pension plan for the University of Guelph, University of Toronto and Queen’s University.
As communicated previously, the administrations at the three universities strongly support the move to the UPP as a means to sustaining a defined benefit pension plan in the university sector.
New UPP Information Video
Have a few minutes to spare? Check out a new video outlining the ins and outs of the proposed UPP. Please share the video with your colleagues, so everyone has the facts and can make an informed decision during the upcoming ratification and consent process.
Over the past few months, a series of townhall meetings were held at the University of Toronto, Queen’s University and the University of Guelph.
Your participation in this process is important – thank you to all who attended.
We received great feedback and many insightful questions at the UPP townhalls. The Frequently Asked Questions section of the UPP website has been updated to answer the most common questions from those meetings. Take a look to learn more about the proposed UPP and how it will work.
More Ways To Get Information
Have questions about jointly sponsored pension plans (JSPPs)? Wondering how the UPP will be implemented? How the UPP will affect your retirement planning? How the plan will be governed? How funding will work?
Visit universitypension.ca to:
- Explore some of the key advantages of the JSPP solution.
- Review a summary of the UPP.
- Learn about the UPP governance and funding summary.
- Get information for current retirees.
- Download documentation, updates and presentations.
While you’re there, don’t forget to register for UPP updates so you get the most up-to-date information on anticipated next steps and timing.
Your questions are important. Email firstname.lastname@example.org or contact the pension department at your university:
University of Toronto:
Richard Ashmore, Pension Specialist, email@example.com