ERIC Number: ED225516
Record Type: RIE
Publication Date: 1982-Dec
Reference Count: 0
University Benefits Survey. Part II (Pensions).
University of Western Ontario, London.
Results of the University Benefits Survey of pensions plans in Ontario universities are presented according to type of plan, eligibility, contributions, and benefits. There are nine defined benefit plans, seven money purchase plans with minimum guarantees, and one money purchase plan with no guarantees. All plans are eligible to full-time academic and nonacademic staff. In addition, Toronto offers membership to part-time staff who earn a specified salary. Member contribution rates (percentage of regular earnings) vary widely, and in all but four plans, university contributions at least match member contributions. In all plans, normal retirement is at age 65. Information is provided on benefits on normal retirement, early retirement, termination, and death. Indexing and model pension calculation are addressed. Information is presented for each of the following schools: Brock University, Carleton University, University of Guelph, Lakehead University, Laurentian University, McMaster University, Ontario Institute for Studies in Education, University of Ottawa, Queen's University, Ryerson, University of Toronto, Trent University, University of Waterloo, University of Western Ontario, Wilfrid Laurier University, University of Windsor, and York University. (SW)
Descriptors: College Faculty, Compensation (Remuneration), Eligibility, Foreign Countries, Fringe Benefits, Higher Education, Personnel Policy, Retirement Benefits, School Personnel, School Surveys, Teacher Employment Benefits, Teacher Retirement
Council of Ontario Universities, 130 St. George Street, Suite 8039, Toronto, Ontario, Canada M5S 2T4.
Publication Type: Reports - Descriptive
Education Level: N/A
Sponsor: Council of Ontario Universities, Toronto.; Ontario Confederation of University Faculty Associations, Toronto.; Ontario Association of University Personnel Administrators, Toronto.
Authoring Institution: University of Western Ontario, London.
Identifiers: Canada; Ontario
Note: For related document, see HE 015 877.