Pension Plans at the University of Windsor
The University of Windsor supports the retirement savings plans of its eligible faculty and employees, through contributions to one of four registered pension plans. The University sponsors and administers two pension plans: the Retirement Plan for Faculty and Certain Employees and the Employees’ Retirement Plan. In addition, the University, along with applicable members, contributes to the C.U.P.E. 1001 Pension Plan and the Ontario Teachers’ Pension Plan (OTPP).
A pension plan is more than a valuable feature of your total compensation package – it also plays a critical part in your overall financial plan. So, whether you are two or twenty years away from retirement, get to know your pension plan. While you’re at it, give some thought to your financial future. The resources on this page will provide you with a good start.
Retiring can be one of the biggest changes that we’ll face in our lives, so it’s normal to feel a little uncertainty around such an important event. With the right amount of planning, however, you’ll be able to spend less time worrying about your finances and more of your retirement years doing the things you enjoy.
As part of an ongoing initiative to provide you with personalized information and support, the University has developed a convenient, online Pension Estimator for members of the University-sponsored plans that allows you to calculate a future pension benefit based on the assumptions that you enter. It can be a valuable tool to use in your overall financial planning. The site also contains a wealth of other plan-specific information such as your most recent and historical pension statements, the official Plan documents, and an extensive glossary of Plan terms.
The Pension Estimator will also reduce turnaround time and provide savings for standard transactions.
Human Resources is here to answer your questions and support you in your retirement planning. You are welcome to contact us at any time.