The University of Waterloo Staff Association Executive continues to review proposed changes to the Waterloo Pension Plan. The effort, time, and commitment by the Pension and Benefits Committee to meeting the Government of Canada regulations have been remarkable.
The
Chair
of
the
UWSA
Pension
and
Benefits
sub-committee
has
written
to
the
Board
of
Governors
asking
for
a
delay
in
the
implementation
of
the
proposed
changes.
We
are
concerned
over
some
equity
issues
for
lower-income
employees
and
need
additional
time
to
confirm
whether
or
not
these
concerns
are
valid.
We
have
engaged
an
independent
actuarial
consultant
to
advise
us
in
this
matter
and
are
still
awaiting
their
findings.
Armed with such additional vital information, we can continue working together to craft an equitable pension plan that will become a standard of excellence for our university.