Information Box Group
Pension Portal
As an active member of the Salaried Pension Plan 2000, you can now access the Pension Portal through Mosaic under Employee Self Service. The portal will provide you with pension information regarding your key retirement dates, beneficiary and spousal information, access to your annual pension statements, and the ability to run your own pension estimates.
Expandable List
The plan highlights provide a summary of key provisions and information for members, based on their employee group.
UNIFOR Members Hired on or Before April 30, 2010
- Consolidates the prior restatement (2014) and subsequent amendments into a single document;
- Clarifies specific Plan provisions that required refinement;
- Incorporates “housekeeping” changes;
- Reflects legislative changes since the 2014 restatement; and
- Aligns select Plan provisions with administrative practice.
- The Plan text incorporates Amendment #1 that was approved by Board on April 18, 2019.
- Consolidates the prior restatement (2014) and subsequent amendments into a single document;
- Clarifies specific Plan provisions that required refinement;
- Incorporates “housekeeping” changes;
- Reflects legislative changes since the 2014 restatement; and
- Aligns select Plan provisions with administrative practice.
Amendment #1 – Salaried Pension Plan 2000
The amendment provides an update to the SAAO Employee definition and the addition of the SAL Employee definition. The Plan text posted above already incorporates Amendment #1 that was approved by Board on April 18, 2019.
Amendment #2 – Salaried Pension Plan 2000
The amendment provides an update to reflect the employee pension contribution rates for MUALA Members. Their contribution rates increased effective October 6, 2019 to 8% of Regular Annual Salary up to the YMPE and 11% of Regular Annual Salary in excess of the YMPE.
Amendment #3 – Salaried Pension Plan 2000
The amendment provides an update to reflect employee pension contribution rate changes effective December 15, 2019. The contribution rates decreased for Members of Unifor Local 5555 Unit 1 hired on or before April 30, 2010 and for Regional Medical Associates (RMA) to 8.423% of Regular Annual Salary up to the YMPE and 11.423% of Regular Annual Salary in excess of the YMPE. The contribution rates also decreased for Unifor Local 5555 Unit 1 Members hired on or after May 1, 2010 to 7.423% of Regular Annual Salary up to the YMPE and 10.423% of Regular Annual Salary in excess of the YMPE.
Amendment #4 – Salaried Pension Plan 2000
The amendment provides an update to section 2.12 and 3.01 to reflect the changes to the Unifor Local 5555, Unit 1 collective agreement effective May 2, 2021 to include the definition of Short Term Employees. A new provision 6.05b has been added to reflect the Post-Retirement changes to Spousal Status . Updates were also made to section 6.02, 6.04, and 10.03 as requested by the Canada Revenue Agency for compliance with the Income Tax Act.
Actuarial Valuation as at July 1, 2018 – Plan 2000
Actuarial Valuation as at July 1, 2017 – Plan 2000
Actuarial Valuation as at July 1, 2014 – Plan 2000
Actuarial Valuation as at July 1, 2011 – Plan 2000
Actuarial Valuation as at July 1, 2008 – Plan 2000
Actuarial Valuation as at July 1, 2007 – Plan 2000
Actuarial Valuation as at July 1, 2006 – Plan 2000
Actuarial Valuation as at July 1, 2003 – Plan 2000
Actuarial Valuation as at July 1, 2018 – Original Plan
Actuarial Valuation as at July 1, 2017 – Original Plan
Actuarial Valuation as at July 1, 2014 – Original Plan
Actuarial Valuation as at July 1, 2011 – Original Plan
Actuarial Valuation as at July 1, 2010 – Original Plan
Actuarial Valuation as at July 1, 2009 – Original Plan
Actuarial Valuation as at July 1, 2007 – Original Plan
Actuarial Valuation as at July 1, 2006 – Original Plan
Actuarial Valuation as at July 1, 2003 – Original Plan
At the request of the McMaster University Retiree Association and as approved by the Pension Trust Committee, an Annual Report to Members will be made available each year. The report will include key documents pertaining to both the administration and investment aspects of the pension plans.
McMaster University currently has two Salaried Pension Plans referred to throughout this report as the “Original Plan” and “Plan 2000”. These two Plans originated as a result of the surplus distribution and are similar in plan design. As a result, both Plans are included in this consolidated Annual Report to Members.
McMaster Human Resources Services in conjunction with Financial Affairs is committed to continually improving upon the information provided within this report. We encourage you to forward any suggestions or comments to Human Resources Services.
Please note, the documents contained in this Annual Report have been consolidated for ease of reference. Should a discrepancy occur between the original documents and the versions contained in this report, the originals will govern in the case of error.
Financial Statements
Financial Statements as at June 30, 2021 – Original Plan
Financial Statements as at June 30, 2020 – Original Plan
Financial Statements as at June 30, 2019 – Original Plan
Financial Statements as at June 30, 2018 – Original Plan
Financial Statements as at June 30, 2017 – Original Plan
Financial Statements as at June 30, 2016 – Original Plan
Financial Statements as at June 30, 2015 – Original Plan
Financial Statements as at June 30, 2021 – Plan 2000
Financial Statements as at June 30, 2020 – Plan 2000
Financial Statements as at June 30, 2019 – Plan 2000
Financial Statements as at June 30, 2018 – Plan 2000
Financial Statements as at June 30, 2017 – Plan 2000
Financial Statements as at June 30, 2016 – Plan 2000
Financial Statements as at June 30, 2015 – Plan 2000
Annual Pension Increase
Audit Statement – Annual Pension Increase effective January 1, 2022 (for all other retirees)
Audit Statement – Annual Pension Increase effective January 1, 2021 (for all other retirees)
Audit Statement – Annual Pension Increase effective January 1, 2020 (for all other retirees)
Audit Statement – Annual Pension Increase effective January 1, 2019
Audit Statement – Annual Pension Increase effective January 1, 2018
Annual Average Rate of Return
Audit Statement – Rate of Return as at June 30, 2021
Audit Statement – Rate of Return as at June 30, 2020
Audit Statement – Rate of Return as at June 30, 2019
Salaried Pension Plan – Total Fund Performance as of June 30, 2021
Salaried Pension Plan – Total Fund Performance as of December 31, 2020
Salaried Pension Plan – Total Fund Performance as of June 30, 2020
Salaried Pension Plan – Total Fund Performance as of December 31, 2019
Salaried Pension Plan – Total Fund Performance as of June 30, 2019
Salaried Pension Plan – Total Fund Performance as of December 31, 2018
Salaried Pension Plan – Total Fund Performance as of June 30, 2018
Salaried Pension Plan – Total Fund Performance as of December 31, 2017
Salaried Pension Plan – Total Fund Performance as of June 30, 2017
Salaried Pension Plan – Total Fund Performance as of December 31, 2016
Salaried Pension Plan – Total Fund Performance as of June 30, 2016
Salaried Pension Plan – Total Fund Performance as of December 31, 2015
Salaried Pension Plan – Total Fund Performance as of June 30, 2015
Salaried Pension Plan – Total Fund Performance as of December 31, 2014
Salaried Pension Plan – Total Fund Performance as of June 30, 2014
Salaried Pension Plan – Total Fund Performance as of December 31, 2013
Salaried Pension Plan – Total Fund Performance as of June 30, 2013
Salaried Pension Plan – Total Fund Performance as of December 31, 2012
Salaried Pension Plan – Total Fund Performance as of June 30, 2012
Salaried Pension Plan – Total Fund Performance as of December 31, 2011
Salaried Pension Plan – Total Fund Performance as of June 30, 2011
Salaried Pension Plan – Total Fund Performance as of December 31, 2010
Salaried Pension Plan – Total Fund Performance as of June 30, 2010
Salaried Pension Plan – Total Fund Performance as of December 31, 2009
Salaried Pension Plan – Total Fund Performance as of June 30, 2009
Salaried Pension Plan – Total Fund Performance as of December 31, 2008
Any questions regarding Salary Pension Plan Investment Performance should be directed to the Treasury Operations.
The Pension Trust Committee is administered by University Secretariat`s office. The membership list and terms of reference can be found on the Secreteriat`s webpage.
All policy documents are maintained by the University Secretariat`s office. The Statement of Investment Policies & Procedures can be found on the following webpage.
Information Box Group
Retirement Planning Information
For information on retirement process and resources available to you in your retirement planning.