This records class is a Personal Information Bank.
Related Records | Responsible Unit | Information Steward | Information Confidentiality Classification | Retention | Authority | Retention Rationale | Version Information
Content & Scope
The pension administration system tracks individual plan members' entitlements under the University's pension plan. Data is transmitted to the system from the human resources management system.
Related Records
For documents supporting the records in the pension administration system, see HR52 – Employee Files (Financial), HR70 – Pension Beneficiary Files, and HR72 – Pension Cards.
Responsible Unit
Human Resources.
Information Steward
Vice-President, Administration & Finance.
Information Confidentiality Classification
Highly Restricted.
Retention
Indefinite.
Note
To meet legal requirements, the minimum retention period is as long as the member/beneficiary has an entitlement under the plan.
Authority
- University of Waterloo Act, 1972.
- Pension Benefits Act, ss. 19 and 22.
- FSRA Guidance PE0120ORG (formerly FSCO Policy A300-200): Management and Retention of Pension Plan Records by the Administrator.
Retention Rationale
The retention period is based on current practice.
Approval Date
26 October 2011