The facts about the defined benefit plans and other pension-related info
July 05, 2013
July 7, 2013: OMERS UPDATE - A message from ONA President Linda Haslam-Stroud: I recently put out an alert that the OMERS sponsors committee was considering a number of retrogressive changes to the OMERS plan that were put forward by a group of Employer nominees.
These proposed changes included:
-reduction in the pension benefit formula.
-reduction or elimination of the guaranteed 100% inflation protection.
-reduction in the current benefit entitlement pertaining to early retirement.
Even on short notice many of you took the time to directly write to OMERS expressing your disapproval with these changes and urged the committee to reject them. You asked the committee to engage in more formal consultations with plan members before even considering changes of this magnitude.
I am pleased to advise you that the committee DID NOT pass any of the proposed changes. Many thanks to all of you for your advocacy. Your voices were obviously heard and OMERS members have been well served by your efforts.
June 12, 2013: Canada’s ten largest public pension funds, dubbed “the Top Ten,” provide Canadians with one of the strongest retirement income systems in the world and also contribute significantly to national prosperity, a new study concludes. Download the Top 10 report here.
March 27, 2013: The Healthcare of Ontario Pension Plan has released its 2012 annual report. It notes a 17.1 per cent growth in 2012. Read the annual report here.
March 21, 2013: Read this article published in the Toronto Star about HOOPP's best returns in more than 10 years. The plan reported that its investments returned 17.1 per cent in 2012; it has a record $47.4 billion in assets and is now 104-per-cent funded.
December 20, 2012: HOOPP is offering one-hour pension seminars taking place across Ontario between February and October 2013. The seminar will include: Steps to take once members have decided to retire, survivor benefits, how to get a retirement estimate, early retirement options and bridge benefits and much more. For more information and/or to register, visit hoopp.com/Preretirement/.
Document Download: Your Plan at Work December 2012 newsletter
October 10, 2012: HOOPP's latest newsletter, Pensions in Perspective, is now available. Download your copy from the HOOPP website here.
October 10, 2012: HOOPP has released its latest newsletter. In this edition: Remaining fully funded in a challenging economic climate; Do you have enough to retire?; Returning to work part-time after retiring and much more! Read all about it here.
September 27, 2012: The Nursing Homes and Related Industries Pension Plan invites you to attend an information session about your pension. It will take place on October 17 at 7: 15 p.m. at Mississauga Valley Community Centre at 1275 Mississauga Valley Road. Please plan to attend!
Document Download: NHRIPP flyer for October 17 meeting
The Healthcare of Ontario Pension Plan (HOOPP) has developed a fact and fiction one-pager to dispell some of the myths about defined benefit pension plans. Be sure to download and check out the FACTS!
September 17, 2012: The Nursing Homes and Related Industries Pension Plan has released its Annual Report. Download and read it here.
September 5, 2012: HOOPP's latest newsletter,Your Plan At Work, is now available to download in English and French. Articles include: buying back service brings one member one step closer to his retirement, your buyback primer, HOOPP partners with the Walrus to host pension debate, and much more!
Document Download: Facts and Fiction of Defined Benefits, HOOPP, June 2012
Document Download: HOOPP Pensions in Perspectives June 2012 newsletter
Document Download: Report to the Unions from the Trustess of the Nursing Homes and Related Industries Pension Plans, March 2012