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Contract Negotiations in 1998
Between The University and the Faculty Association
Matters of Interest To Retirees!
Article D The University Retirement Plan
for Faculty and certain other
D.2 New
a) Each member of the bargaining unit who was initially appointed to a position at the University of Windsor prior to 1976 may elect to buy back one year of pensionable service. The University shall not have responsibility for any costs other than the employer's cost. The employer's and the member's cost allocation and the interest achieved from the investment of the Plan funds shall be calculated by the Plan Actuary in accordance with the appropriate Section of the Pension Plan. These calculations shall be provided for each eligible member.
b) A list of all members appointed prior to July 1, 1998 shall be compiled by the University and the Faculty Association shall an opportunity to verify that the names on the list are correct through consultation with its membership.
c) Each eligible member may, within three months of receipt of the costings for the past service contribution referred to in clause (a) above, submit his/her application to the University to make a contribution for all or any portion of his/her share of the cost allocation as determined by the Actuary.
D.2 New - The parties agree that full pension credit shall be given to all retired members who had years of service to the University before the University Pension Plan was established.
D.4 New - Effective July 1, 1998, subject to eligibility under current tax legislation, there shall be eight percent (8%) increase in the minimum guarantee for current retirees.
Article F. Health Insurance Plans
F.1. Except as provided in clause F.2. the University shall continue to pay for each full-time member (including a member appointed for a limited term of at least one (1) year), and each sessional lecturer and his/her eligible dependents under such plan, the full cost of the present Green Shield Supplemental Hospitalization Plan and Green Shield Extended Health Benefit Plan or such other reasonable substitutes which provide benefit plan(s) subject to mutual agreement with the Association.
F.3. (a) Effective July 1, 1998 the University shall pay on behalf of all members covered by this Agreement including sessional lecturers, one hundred percent (100%) of the subscriber rate for (I) the Green Shield Dental Plan 35 including orthodontic work to a lifetime maximum of $ 2,500 at current O.D.A rates; (ii) Green Shield Vision Plan $ 2250.00/24 months; (iii) Massage therapy ($35.00) per visit to a maximum of $ 500.00 per calendar year; (iv) Speech therapy pathologists to a maximum of $ 400.00 per calendar year; (v) 50% of the scheduled fee to a clinical psychologist for ten visits per calendar year;(vi) Chiropractic services to a maximum of $500.00 per calendar year; (vii) Availability for members to obtain electric hospital beds, patient lifts, and electric wheel chairs.
(b) Effective July 1, 1998, fifty percent (50%) of the cost of the existing employee group benefit plan # 5231 for retired members shall be paid by the University.
F.4. New - Effective July 1, 1998, the University shall provide fifty percent (50%) of the total cost of coverage for up to twenty-one (21) hours per year for emergency elder/child care.
LETTER XV Changes to the Pension Plan
(New)
7.01 (3) (a) Minimum Guarantee Benefit
The annual amount of the Minimum Guaranteed Benefit is equal to:
(a) 1.45% of the Member's Best Average Earnings not in excess of the Average Canada Pension Plan Base; plus
(b) 2.00% of the Member's Best Average Earnings in excess of the Average Canada Pension Plan Base; Multiplied by the Member's Pensionable Service The Minimum Guaranteed Benefit will be adjusted on July 1st of each plan year on date by a percentage determined as follows:
Percentage Increase in Percentage Increase in
Consumer Price Index Annual Pension
0-3% 100% of the increase in the
Consumer Price Index
greater than 6% but less
than or equal to 6% 3%
Greater than 6% but less
than or equal to 10% 50% of the increase in the
Consumer Price Index
Greater than 10% 5%
If on July 1 of each year, the member, spouse and beneficiary have been in receipt of pension payments for less than 12 months aggregate, the adjustment to the Minimum Guaranteed Benefit shall be prorated over the number of months for which pension payments have been made.
Notwithstanding the above, in the case of a member whose Minimum Guaranteed Benefit at his or her pension
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