CURAC/ARUCC Pension Report released in February
In light of recent events, the CURAC/ARUCC Board is pleased to present an important review of current position issues on its website. The link is https://www.curac.ca/pension-report-feb-21/
Highlights of the February 2021 CURAC/ARUCC Pension Committee Report include:
- The possibility that a fourth Ontario university (Trent) will join three others in converting their pensions into the University Pension Plan (UPP) effective January 1, 2022; the other members are Queen’s University, University of Guelph and University of Toronto)
- The application of Laurentian University for creditor protection and the pension implications not only for Laurentian pensioners but also those at other post-secondary institutions, a particular concern when budgets are under considerable stress
- An important overview into possible solutions for distressed pension funds.
Note that past Pension Committee reports are also available on the website.