We now run the plan through the four elected Trustees, two retiree and two active members, who make all decisions in the day-to-day operation of the plan, in conformity with the guiding documents (the Plan Text, and its amendments and the Trust Agreement), relevant legislation and regulatory bodies.
There is an annual Pension Meeting, held in November, open to all retiree, active, deferred, and prospective members of the Local. Dates and times are posted on the Union’s bulletin boards one month in advance.
Entrance into the plan is mandatory for all Full-time members of the Local.
Part-time members must qualify to enter by working a minimum of seven hundred (700) hours within a two-year period. Those Part-time members interested in applying for admittance to the Plan may either:
- attend the monthly General Membership Meetings and make a request to the Trustees or Executive
- attend the annual Pension Meeting and request admittance
- leave a message for the Trustees at the Union office (519 253-3000 ext. 1001) or via email: email@example.com
The Trustees will verify that the applicant qualifies based on hours worked, and will meet with the member to ensure that they understand the commitment and obligations of joining the Plan. It is imperative that members keep their addresses updated with the Local and with the University so that correspondence from the Trustees is received.
On admittance, deductions equal to the members’ contribution portion will be taken automatically from your pay, with an equal amount matched by the University. Please refer to your Collective Agreement for the relevant percentages.
Once admitted to the Plan, a member’s pension contributions are locked in. They cannot be withdrawn save on the termination or retirement from work with the University of Windsor. At that point, it is the member’s responsibility to contact the Trustees to confirm mailing address and what their preference is as to how they would like their contributions provided to them. Our 3rd-party Administrator, Buck Consultants, will take up the rest, mailing out the forms to the member with the options available to them.