FAQ: Pension

  1. What is the Pension Plan?
  2. Should I be nervous about the University not being able to pay my pension?
  3. Who manages the Plan?
  4. How do I start contributing?
  5. What happens if I no longer work at UOttawa or I want to withdraw from this Plan?

What is the Pension Plan?

The Employer has agreed to maintain a defined contribution Pension Plan for the benefit of members of the APTPUO.

The Pension Plan became effective January 1, 1991. The defined contribution is set at 7% for both the Employer and the member, in the Collective Agreement as of April 1, 2009.

Should I be nervous about the University not being able to pay my pension?

The Pension Plan is a defined contribution plan meaning that the contribution of 7% by both the Employer and employee is made at every pay. Therefore, the issue of the University not having money in the future is not relevant to this type of plan.

Most problems regarding pension plans come from benefits-defined pension plans.

Because the University matches the contribution made by a member, members who take advantage of the pension plan see it as a way of receiving an extra 7% for free.

Who manages the Plan?

Manulife Financial manages the pension plan. This company invests the contributions made by the Employer and you in a Registered Pension Plan (RPP).

Go to the following link to find out more: http://www.hr.uottawa.ca/files/pension/aptpuo/Ontario_Booklet.pdf.

How do I start contributing?

The Plan is open to all members of the bargaining unit who have worked during the previous calendar year and who elect to participate in the Plan.

Please contact:

Micheline Moreau
Pension Plan Advisor, Operations and Buybacks:
613-562-5800 extension 1206

What happens if I no longer work at UOttawa or I want to withdraw from this Plan?

Your funds are held in a Registered Pension plan (Locked in Money) under Ontario Legislation. The minimum age to access your assets as a retirement income is 55.

If you are under the age of 55, the money needs to be transferred into a Locked In Retirement Account (LIRA) until you take a decision to retire. You have two options:

  • transferring the funds to another institution
  • keeping your funds in a personal account with Manulife

If you are eligible to access your assets, inform the Pension Officer of your date of departure. Available options and any required forms will be sent to your postal address.

A delay is to be expected between your request for information and the delivery of the pertinent documents.