In September 2012 the Pension Plan was revised following collective bargaining. A summary of the changes, and the Plan restatement, are set out on the University’s website here:
CUPE’s Action on Pension
Employers in both the private and public sectors are attacking decent defined benefit plans and shifting massive amounts of risk onto plan members. The result of these attacks will be significantly lower retirement living standards for future generations of Canadians. Many will simply slip into poverty. We can do better and CUPE members are leading the fight for decent retirement.