The Western Board of Governors on November 20, 2014 approved the appointment of Sun Life Financial as the preferred provider of a Retirement Income Fund for Western retirees. In 2015, Western's RIF program was discontinued and Western retirees were able to begin investing in the new Sun Life Retirement & Savings Plan for Western retirees.
Remedial payments to correct an error in the calculation of the value of some investments in Western Pension Plan accounts have now been made, following approval by the Canada Revenue Agency regarding tax implications of the correction.
New rules that took effect January 1, 2012 affect pension asset division on marriage breakdown.
New rules instituted January 1, 2012 affect those 60 to 70 and receiving a CPP retirement pension.
To update members, former members and retirees, regarding the recommended approach, identified by the Joint Pension Board, for the management of the restructured notes received in exchange for the non-bank Asset Backed Commercial Paper held in the Western Retirement Plans.
Pension Required Contribution decision for UWOFA Faculty Members (July 2011).