Page one 
Next pageThe Retirees' Newsletter
Faculty & Librarian Retirees' Association, University of Windsor
October, 1995, Issue #14 THE PRESIDENT'S MESSAGE
from Edwin Habib, Association President
Apart from the devastating storms that struck cottage country last July, this summer brought us many warm days with lots of sunshine. We are looking forward to continuing good weather in the Fall.
The barbecue party at Bob Whitehurst's place on Riverside Drive was well attended and it was a great opportunity to meet and exchange stories with old friends. The other piece of good news is that, in spite of the poor performance of the pension fund during the first part of the fiscal year, the fund's Rate of Return was 13.26 per cent. This means that retirees on the Money Purchase Pension will get a 7.25 per cent increase in their pensions retroactive to July this year. Those on Minimum Guaranteed Benefit will get an increase of 1.09 per cent.
This good news may be marred by the coming referendum in Quebec. We hold our breath while the debate rages. The Parti Québecois amd the Bloc Québecois seem willing to put the livelihood of the citizens of the best country in the world at risk for the sake of a national dream. Once again national ideology has triumphed over common sense.
Your Executive Committee met this summer and, among other things confirmed the appointment of Bill Phillips as Editor of The Newsletter. Our newsletter has drawn praise from all and sundry and you will surely agree that Bill is doing a great job!
The Joint Retirees - University Administration Committee will meet soon to
discuss pensions, benefits and other matters of concern to the
membership. These meetings take place about once per year. If you have any
concerns or suggestions to make, please get in touch with any member of
the Executive Committee. Also, if you have items for discussion at the
Association's Fall General Meeting, please let us know. HEALTH PLAN UPDATE
AS A REMINDER to members of the Retirees' Group Medical Plan, and as information to prospective retirees, we quote the monthly premium rates for the extended care, semi-private and dental option.
They are as follows:
Individual $45.90
Family $107.00
This, as indicated, covers extended care, semi-private room and most dental care. However, it does not cover prescription drugs over and above what O.H.I.P. covers.
For people who require, or think that they may require, expensive drugs not covered by O.H.I.P., there is, for their consideration, a prescription drug option. The monthly premiums are rather high, as may be expected. Prospective users should contact Mr. Jim Skinner at Human Resources.