Pensions

It’s fascinating how having a pension can positively impact multiple aspects of a person’s well-being! HOOPP commissioned The Behavioural Insights Team (BIT) to conduct a global literature review identifying the health impacts of pensions and an industry-first online study investigating the impact of having a defined benefit (DB) pension on individuals’ financial stress and well-being...

The Healthcare of Ontario Pension Plan (HOOPP), OPTrust, and University Pension Plan (UPP) recently commissioned the Conference Board of Canada to analyze the economic impact of Defined Benefit (DB) pension plan payouts in Ontario. The results are impressive: Defined Benefit pensions not only provide Ontarians with better retirement outcomes but also benefit the entire Canadian...

Your pension is increasing! HOOPP is helping you get even more from your pension As one of Canada’s strongest pension plans, HOOPP is passionate about delivering on their pension promise by providing secure and reliable retirement income to members. That’s why we are pleased to share that, supported by the overall strength of the Plan,...

TORONTO, March 12, 2024 – OPTrust today released its 2023 Funded Status Report, People. Purpose. Pensions., which details the Plan’s financial results and funded status. In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent. Over the past 10 years, the Plan’s average net investment...

This is a joint communication to members from the following six unions: the Nova Scotia Government and General Employees Union (NSGEU); the Nova Scotia Nurses Union (NSNU), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees Union/Syndicat des employés de la fonction publique de l’Ontario (OPSEU/SEFPO), SEIU Healthcare and the Ontario Nurses...

Workers need pensions! It’s important to understand the types of pensions for organizing, bargaining, and arranging your personal financial health. This post is a quick intro to Defined Benefit and Defined Contribution pension plans from the Pension & Benefits Unit. A pension is a form of retirement plan designed to provide financial support and income...

The fight to advance workers’ rights includes pushing to expand and enforce just compensation for injured workers. On one front, some progress has been won to recognize chronic mental stress as a compensable workplace injury in Ontario in recent years. But the large number of denials for chronic mental stress claims have left workers without...

OPSEU/SEFPO members often want to know when and how they can use the grievance process to challenge unreasonable Employer edicts. Arbitrators have ruled that Employers do have the legal power to issue policies and rules unilaterally under their right to manage the workplace. But this power is not without limitations. There are circumstances in which...

“Normal retirement age” in Canada is age 65. This is when you can begin to collect your full Canada Pension (CPP), Old Age Security (OAS), and employer pension payments. You may choose to continue working and delay receiving your pension payment. But you can’t delay your pension payments forever. Income Tax Act regulations mean you...

What’s a Blawg? A Blawg is an online journal or blog dealing with topics related to the law. This Blawg will contain posts with tidbits of legal info you might find useful in your toolbox for building worker power within OPSEU/SEFPO. Various staff in the Contract Enforcement Division will contribute posts on useful cases and...

The following news release was published by OPTrust on November 24. Toronto, November 24, 2021 – OPTrust, one of Canada’s largest defined benefit pension plans, has welcomed the 100,000th member to the Plan. Since inception, OPTrust’s membership has increased by more than 40 per cent from just under 70,000 in 1995. Today, OPTrust delivers retirement security...

In 2020, COVID-19 created upheaval throughout the world, including in the stock markets – and pension plans that depend on them for growth. Fortunately, when the pandemic hit, the CAAT Pension Plan was in a position of great strength. We’re pleased to say that it stayed strong throughout the year – and grew stronger. The...