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The Salaried Pension Plan texts were amended and restated effective July 1, 2022. The 2022 restatements:
- Consolidate the prior restatement (2019) and subsequent amendments into a single document;
- Clarify specific Plan provisions that required refinement;
- Incorporate “housekeeping” changes;
- Reflect legislative changes since the 2019 restatement; and
- Align select Plan provisions with administrative practice.
The July 1, 2022 Plan Text Restatement incorporates the following amendment:
Plan Amendment #1 reflects the following changes:
- An increase in pension contribution rates for members who are union employees of Regional Medical Associates.
- An update to sections 2.12 and 3.01 to reflect that Short Term Employees in Unifor Local 5555 Unit 1 who have been extended beyond 1 year will be eligible to join Plan 2000 on the date of extension or renewal.
All policy documents are maintained by the University Secretariat`s office. The Statement of Investment Policies & Procedures can be found on the following webpage.