Pension Follow Up

cupe1975Pensions

**There will be a detailed pensions meeting in the fall.** This is to confirm and clarify the early retirement eligibility rules with no penalty for the U of S Non Academic pension plan soft freeze at August 31, 2019. As at August 31st, 2019 pensionable service will be frozen for the benefit calculation only,  upon retirement.  As people continue to work past August … Read More

Special Membership Meeting – Update on Negotiations

cupe1975Bargaining, Pensions

A special membership meeting will be held for CUPE 1975 members to update you on the state of Negotiations.   CUPE Pensions expert Mark Janson will be in attendance along with  our CUPE National Representative and our Negotiating Team. Date:  Tuesday May 14, 2019 Time:   4:30 pm to 6:30 pm  Location:  1150 Lecture Theatre Health Sciences Bldg. (Next to Tim Hortons) … Read More

You Talk, We Listen

cupe1975Pensions, Strike Information

April 25th, 9a.m.-noon Agriculture Building – In the hall near the Agriculture Buffeteria Come speak with your negotiating team and receive a free Tim’s coffee card.  Negotiators Jeff Theis and Ryan Klassen will be available to answer your questions.  

MYTHS ABOUT OUR PENSION PLAN (10,11,12)

cupe1975Pensions

MYTH Federal and provincial regulations limit member risk sharing and will leave the University with increased financial responsibility FACT We are not aware of any such hard limits that are not routinely waived by the federal government. Members in SK and elsewhere around the country routinely contribute directly to deficit payments without regulatory issues. Most public sector workers are in … Read More

MYTHS ABOUT OUR PENSION PLAN (9)

cupe1975Pensions

MYTH CUPE did not propose a “true” Jointly-Sponsored Pension Plan since surpluses are spent on member benefits and do not benefit the University  FACT Our proposal was a jointly-sponsored plan with a very conservative approach to surplus use, which we specifically chose to better meet the University’s stated concerns about risk. Plan surpluses can be used for different things – … Read More

MYTHS ABOUT OUR PENSION PLAN (8)

cupe1975Pensions

MYTH “The defined benefit pension that you have earned up to the point of any changes to the plan CANNOT be changed and is payable monthly for your lifetime” “Current pensioners will not be affected by any future changes” FACT These statements are currently true, but there are no guarantees that they will always be true. The Saskatchewan Pension Benefits … Read More

MYTHS ABOUT OUR PENSION PLAN (7)

cupe1975Pensions

MYTH  “The DB plan type that has been on the decline over the past number of years across the country” FACT While fewer private sector employers are offering DB pension plans, this plan type remains standard in the public sector. 91% of public sector workers who have a pension plan have a DB plan. DB plans remain standard in the … Read More