McMaster University Hourly Pension Plan (the “Plan”) – No Annual Pension Increase for 2021
The “Annual Pension Increase” for January 1, 2021, calculated in accordance with the Plan text and reviewed by our external auditors, resulted in a 0% increase to pensions paid from the Plan. This impacts any member who will receive a pension from the Plan on January 1, 2021.
For further details on the calculation of the pension increase, please refer to the Audit Statement here.
The information provided on this website is intended to summarize in plain language, the McMaster University Contributory Pension Plans and their respective audited financial statements. For an exact and complete description of the Plan and the financial statements, consult the Plan Text and audited financial statements. In cases where the information provided on this website differs from that contained in the Plan text and audited financial statements, the Plan text and audited financial statements will govern.