The Western Board of Governors on November 20, 2014 approved a recommendation to allow the establishment of a relationship with Sun Life Financial. Sun Life will become the preferred provider of a Retirement Income Fund for Western retirees.
With a goal of increasing returns and/or reducing the fund’s volatility, a review of the Western Diversified Equity Fund is now complete.
Changes have been made to the Administrative Pension Plan for PMA-eligible members.
Librarians and Archivists have moved to the Academic Pension Plan at Western University.
An additional holding became part of the investment mix that makes up Western’s Diversified Bond Fund on July 1, 2012.
SRI no longer available to RIF members.
Fee increases for some members of the Western retirement plans.
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).