University Pension Project

To all APUO members,

In 2014, a joint committee was created between the Ontario Confederation of University Faculty Associations (OCUFA) and the Council of Ontario Universities (COU) with the mandate to study the feasibility of a voluntary university sector Jointly Sponsored Pension Plan (JSPP).  Meetings of the “University Pensions Project” have taken place since late-2014 and representatives from APUO and OSSTF/FEESO have attended. Representatives of the UOttawa administration have been attending as well. This is a voluntary process designed to gauge interest from university-sector stakeholders in a JSPP.

The mandate of the committee is to study possible governance and benefit models with the goal of creating a Memorandum of Understanding that outlines a basic structure for a multi-employer JSPP. In a single-sponsor pension plan, such as at the University of Ottawa, the employer-sponsor controls plan management and ultimately retirement benefits. In a JSPP, the governance, management, benefit design and risk is shared between the employees and employers.

University of Ottawa will be in no way obligated to adopt whatever proposal comes out of this committee and any change would require the consent of the members of the plan.

As was done in the past, local union representatives at University of Ottawa are maintaining regular communications to ensure the best interests of their members. The final report, including a JSPP framework model, of the University Pensions Project is due by the end of the year.

__________________________________________

Christian Rouillard, Ph.D.
Professeur titulaire / Full Professor
Président / President
Association des professeur(e)s de l’Université d’Ottawa
Association of Professors of the University of Ottawa
170, Waller, Ottawa ON
Canada K1N 9B9
613-230-3659 (téléphone / phone)
613-230-4130 (télécopieur / fax)
www.apuo.ca

Update on the Pension Plan of the University of Ottawa

Dear members,

The APUO is happy to present you with an update on the University of Ottawa Pension Plan. You will remember that, during the last collective bargaining round, the APUO had prepared such a presentation (July 2013) and had promised to keep you abreast of new developments. The 2014 Pension Plan valuation clearly demonstrates there is not pension plan crisis at the University of Ottawa and that the pension plan’s sustainability cannot be questioned.

In the next few months, we will be sending out a new update on the current Financial Situation of the University, which will include the 2013-2014 financial year.

Thank you for your continued support.

The APUO Executive Committee