The University Pension Plan (UPP) is Ontario’s new multi-employer pension plan for university employees. It has been developed by a consortium that includes the Council of Ontario Universities (representing employers), OCUFA, CUPE and other employee representative groups. Three universities—Queen’s, Toronto, and Guelph—are lined up to be the first participants, with a transfer from their current plans scheduled for 2019. If those transfers proceed smoothly, it is likely that other universities will be encouraged to join the UPP in the future.
On November 16, FAUW hosted Professor Mary Hardy (Statistics and Actuarial Science) for a talk in which she described and critiqued the UPP in terms of affordability, risk, fairness, and adequacy, and reviewed the case for and against membership of the UPP from the perspective of UW (and Laurier) pension plan members and retirees.
We’re happy to make a video of the talk and the slides available to help inform our members and other university employees.
Watch the video
About the speaker
Mary Hardy is a Professor of Statistics and Actuarial Science at the University of Waterloo. She is a fellow of both the Society of Actuaries (SOA) and the Institute of Actuaries, a Chartered Enterprise Risk Analyst, and the editor of North American Actuarial Journal. Her research interests cover aspects of solvency and risk management for both life insurance and pension plans.