ERIC Number: ED243345
Record Type: RIE
Publication Date: 1983-Dec
Reference Count: 0
University Benefits Survey. Part II (Pensions).
University of Western Ontario, London.
Results of a 1983 survey of pension plans in 17 Ontario, Canada, universities are presented. Information is provided on the following areas: type of plan, eligibility, member contributions, university contributions, benefits on normal retirement (age 65) and on early retirement (age 55), trustee and investment manager, and pension committee composition and status. There are nine defined benefit plans, seven money purchase plans with minimum guarantees, and one money purchase plan with no guarantees, although one university has a minimum guaranteed for those who were age 45 and belonged to the old plan as of July 1970. Contribution rates vary widely, and in all but four plans, university contributions at least match member contributions, but must also provide the benefits occurring under the plan. Indexing and annuities are also covered, along with benefit provisions on termination of employment and on death. The following universities are covered: 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, Comparative Analysis, Eligibility, Foreign Countries, Higher Education, Program Administration, Retirement Benefits, Teacher Retirement
Council of Ontario Universities, 130 St. George Street, Suite 8039, Toronto, Ontario, M5S 2T4, Canada.
Publication Type: Numerical/Quantitative Data; 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: Annuitees; Ontario
Note: For Part I, see HE 016 966. For related document, see ED 225 516.