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University Pension Plan Ontario (UPP)
Another significant milestone has been achieved toward the creation of the University Pension Plan Ontario (UPP).
The University of Toronto, University of Guelph and Queen’s University – together with their faculty associations, the United Steelworkers (USW) and representatives of non-unionized employees (through the Ontario Association of Non-Unionized University Employees) – are pleased to announce that the required consent threshold for each of the five existing pension plans has been surpassed, enabling the conversion to the UPP to proceed.
This important step marks the culmination of many months of collaboration, consultation, and hard work on behalf of all stakeholder groups participating in the creation of the UPP.