Pension & Benefits is offering a three-part series on pensions – Pension Basics, The York University Pension Plan and York University Plan Funding.
These sessions are being offered to provide more information about pension plans in general, the York plan in particular, and its current financial situation (given the recent financial downturn and an August 2010 announcement by the provincial government of a framework for Ontario’s universities).
This framework will provide a temporary, conditional reprieve from making significant solvency deficit pension payments required under current legislation.
Sessions are open to all employees and partners may attend as well. To sign up contact Teresa Hunter at ext. 20235 or thunter@yorku.ca. You will then be given the room location. Snacks will be provided.
Sessions will also be offered at Glendon in the near future.
For more information contact Terisa Ducharme, associate director, Pension & Benefits, at duchart@yorku.ca or ext. 77564.
Session 1 – Pension Basics
A high-level review of what a pension plan is, terminology (such as DB, DC, YMPE, FAE) and legislative requirements. This session is designed for those who have limited knowledge about pension plans and want to build a foundation of basic understanding to be brought into the next session.
Thursday, Oct. 14
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
- 10:30 to 11:30pm
Thursday, Oct. 21
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Friday, Nov. 19
- 12:10 to 12:50pm
Session 2 – The York University Pension Plan
This is a detailed session about the York plan structure, formulas and reporting requirements. It will inform employees of York’s unique pension plan, and is designed for those who have limited understanding of the York plan or would like to build on their current knowledge.
Friday, Oct. 22
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Thursday, Nov. 4
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Friday, Nov. 19
- 1:10 to 1:50pm
Session 3 – York University Plan Funding
It is recommended that all employees attend this session.
It will inform employees about the York Plan’s current financial status, and how it may impact the University’s budget.
Wednesday, Nov. 10
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Thursday, Nov. 11
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Thursday, Nov. 18
- 12:10 to 12:50pm
- 1:10 to 1:50pm
- 5 to 5:45pm
Friday, Nov. 19
- 5 to 5:45pm