Info for Retirees

If you have retired under a current university pension plan before conversion to the UPP, you will continue to be paid the same amount of pension after conversion. Your pension will not be affected by contribution increases, if any, and you will receive the same cost-of-living increases after conversion as you would have under your current plan. In the unlikely event the UPP is ever wound up, your former university employer would be required to pay into the UPP any additional amount required to ensure that you and your beneficiaries receive full payment of the pension earned under your current plan.

For current retirees, the benefit of converting to the UPP is having member representation on the Board of Trustees, together with the assurance that these Trustees must make decisions in the best interests of all plan beneficiaries.