U of T, Guelph, Queen's receive member consent for University Pension Plan Ontario

July 11, 2019

The single, jointly-sponsored University Pension Plan Ontario is one step closer to existence now that the University of Toronto, the University of Guelph, Queen’s University–and their respective faculty associations and staff unions– have achieved the necessary consent from their members to allow the plan to proceed. “Everyone involved has worked incredibly hard to create what all participants believe will be a strong and sustainable pension plan for university employees when they retire,” said Angela Hildyard, U of T's special adviser to the president and provost. “The administrations at the three universities are delighted we've received consent from employee groups and strongly support the move to the UPP to preserve a defined benefit pension plan in the university sector for generations to come.” U of T (ON)