QUFA and Queen’s, along with the administrations and faculty associations of Guelph and the University of Toronto, and the United Steelworker Staff at all three universities, have designed a new, jointly sponsored pension plan called the University Pension Plan. The Plan is scheduled to begin operations on July 1 2021. QUFA supports joining this plan and negotiated the terms of conversion with Queen’s in late 2018. Those terms, both offsets for changing pensions and terms of a new Collective Agreement (2019-2022), are available to you for review on our Bargaining Page.
In February 2019, QUFA Members voted to accept the terms of the new Collective Agreement (2019-2022) and to convert the Queen’s Pension Plan to the University Pension Plan. The work to build the plan and populate Sponsor and Trustee Boards continues. We will update you as milestones are passed via the Voices newsletter, announcements and presentations at member meetings in the coming months.
As part of the conversion negotiations, Queen’s agreed to offer QUFA Members access to a Voluntary Phased Retirement Program, the terms of which are now finalized (see the accordion tab below for more information).
There is more information about the new pension plan on this page and on the website for the new pension plan: http://www.universitypension.ca. Please take a moment to register on that site to receive updates.
If you’re unfamiliar with pension parlance, you may find the QUFA Pension Terms and Acronyms Document and the UPP Glossary of Pension Terms.
Information Bulletin: UPP-Joint Communication Updates
December 21, 2021 Queen’s Special Pension Statement
July 14, 2021 UPP’s Inaugural Investing Policies now live on MyUPP.ca
June 30, 2021 An Official Welcome From the University Pension Plan
July 5, 2019 Pension transition plan receives strong support
January 31, 2019 – UPP Update: Information on Consent Process
January 31, 2019 – Timeline for UPP Ontario
January 17, 2019 – University Pension Plan: New FAQs and Town Hall Recordings
October 6, 2018 – Agreement on Unreduced Early Retirement, Governance, Contributions, and Other Plan Provisions
October 2, 2018 – UPP Fall Update
September 13, 2018 – UPP Update
February 28, 2018 – A New Path for Ontario University Pensions
Pension Offset Negotiations
QUFA Bargaining Alert!7: The Ratification Process Explained
QUFA Bargaining Alert!6: Bargaining Update for Adjunct Members
QUFA Bargaining Alert!5: We Have a Tentative Collective Agreement
QUFA Bargaining Alert!4: Where We Go From Here
QUFA Bargaining Alert!3: QUFA Making Progress with University
QUFA Bargaining Alert!2: University Unresponsive to QUFA Proposals
QUFA Bargaining Alert!1: Context for Pension Conversion Negotiations
Pension Info Sheets
Pension News 8: University Pension Plan FAQs
Pension News 7: Exploring Outcomes
Pension News 6: Pension Fundamentals
Pension News 5: Terms and Acronyms
Pension News 4: Detailed Comparison
Pension News 3: Special Features of the Univeristy Pension Plan and the Queen`s Pension Plan Compared
Pension News 2: University Pension Plan Governance
Pension News 1; How Did We Get Here
Pension Meetings and Presentations
This page provides information on upcoming sessions and presentations
February 4, 2019 Pension Info Session for All Members (Grant Hall)
January 31, 2019 Quaff with QUFA and Talk Pensions (University Club)
January 30, 2019 Pension Info Session for Early-Career Members (Grant Hall)
January 29, 2019 Pension Info Session for Mid-Career Members (Grant Hall)
January 24, 2019 Quaff with QUFA and Talk Pensions (University Club)
January 21, 2019 Pension Info Session for Late-Career Members (Grant Hall) Webcast
December 14, 2018 Town Hall ( Pensioners) 1:00-2:30 Ellis Auditorium
December 12, 2018 QUFA Fall General Meeting Webcast
November 30, 2018 Town Hall (QUFA) 2:00-4:00 Grant Hall Queen’s University Town Hall Presentation on the University Pension Plan (UPP), video can be viewed here
November 30, 2018 Town Hall(All) 10:00 – 12:00 Grant Hall
November 22, 2018Town Hall (All)10:30-12:30 Grant Hall
April 24, 2018 Open Town Hall UPP Pension Meeting
April 19, 2018 QPP-UPP Update – 2018 Spring AGM
April 19, 2018 Backgrounder QPP-UPP 2018 Spring AGM
See here for archived pension information.