GENERAL INFORMATION
WELFARE PLAN
PENSION PLAN
  RETIREMENT DATES
  CREDITED SERVICE
  AMOUNT OF PENSION
  PENSION BENEFITS AT OR AFTER DEATH OF A RETIRED MEMBER
  ADDITIONAL SUPPLEMENTARY BENEFIT
  APPLICATION FOR, AND PAYMENT OF, PENSION
  BREAK IN SERVICE
  NO BREAK IN SERVICE ARRANGEMENT
  DEATH BENEFITS BEFORE RETIREMENT
  TERMINATION BENEFITS
  EMPLOYMENT OF
A PENSIONER
 

DESIGNATION OF A BENEFICIARY

  GENERAL PROVISIONS
  PENSION PLAN EXCLUDED FROM GROW-IN BENEFITS
  TERMINATION OF PENSION COVERAGE
  GOVERNANCE OF PENSION PLAN AND PENSION FUND
MEMBER BENEFIT BOOKLET
 

 

WELFARE AND PENSION PLANS

Pension Plan

PENSION PLAN EXCLUDED FROM GROW-IN BENEFITS

The Pension Benefits Act of Ontario was amended in 2012 to require that grow-in benefits be provided upon termination of membership in a Pension Plan resulting from a termination of employment which occurs on or after July 1, 2012.
This change allows an eligible Pension Plan member to grow-in to certain benefits after termination of employment unless employment is terminated due to willful misconduct, disobedience or willful neglect of duty by the member that is not trivial and has not been condoned by the employer. To be eligible, the member’s age plus years of continuous employment or membership in the plan at the date of termination must equal at least 55. In addition, to be eligible to grow-in to bridging benefits, the member must have at least 10 years of continuous employment or membership in the plan. If eligible, the member would be entitled to receive an enhanced or unreduced pension on the date on which he would have been entitled to the enhanced or unreduced pension under the pension plan, if his employment or plan membership had continued to that date.

This change in legislation provided multi-employer pension plans the option to elect to exclude the Pension Plan and its members from this requirement.  As this Pension Plan is a multi-employer pension plan, the Board of Trustees elected, effective July 1, 2012, to exclude the Pension Plan and its members from grow-in benefits under these circumstances.




 

   

READ CAREFULLY, BUT REMEMBER…

This is a general outline of the Plans and its purpose is to explain as briefly and clearly as possible each of the benefits to which you are entitled. The benefits outlined under the Plans are subject to the terms and conditions of the Plan documents and Group Master Policies. If there is any conflict between this outline and the Plan documents and Group Master Policies, the Plan documents and Group Master Policies will apply in all cases. Also remember that no benefits are guaranteed and that the benefits can be changed by the Trustees at any time.

 
FAQ's | Contacts | Table of Contents | Français