Changes to your Retirement Plan
- Contribution Changes to PMA Pension Plan
- Librarians and Archivists Move to Academic Pension Plan
- Diversified Bond Fund Changes
- Socially Responsible Fund no longer available to RIF members
-
Fee increases for some members of the Western retirement plans
Legislated Changes
- Marriage breakdown (Bill 133) - new rules to take effect January 1, 2012 affect pension asset division on marriage breakdown.
- Changes to CPP - new rules January 1, 2012 affect those 60 to 70 and receiving a CPP retirement pension.
The most important changes that will affect Western employees are:
- Employees who are aged 60 to 65 and receiving a CPP retirement pension must make CPP contributions. No action is required from you. Western will begin deducting CPP contributions from your pay in January 2012.
- Employees who are aged 65 to 70 and receiving a CPP retirement pension now have the option to make CPP contribution.
Other Changes
Also from this web page:
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