Posted on Friday, January 29th, 2016
97% of active members support the merger
(Toronto: January 11, 2016) Members of The Royal Ontario Museum (ROM) pension plan have overwhelmingly chosen to join the Colleges of Applied Arts and Technology (CAAT) Pension Plan.
The merger is the first of its kind to use Ontario’s new regulations permitting the conversion and transfer of assets from a single-employer pension plan in the broader public sector to a jointly governed, multi-employer pension plan. The regulations came into effect November 1, 2015.
The main elements of the merger process were completed within a relatively short six months. The endorsement by the Financial Services Commission of Ontario is expected within several months.
The merger allows the ROM to exit the pension-management business and focus on its core competency of research, education, community outreach, and operating one of North America’s largest museums with over a million visitors in 2015.
Of the active ROM pension plan members, 97% voted to join the CAAT Pension Plan while no retirees or deferred members voted against the merger. The 45-day information and voting process concluded on December 21, 2015, and ROM employees began earning pension benefits in the CAAT Plan on January 1, 2016.
Under the general conditions of the merger, the 640 active, retired and deferred pension members from the ROM plan will receive a pension based on the ROM plan provisions for their service accrued to December 31, 2015, and a pension based on CAAT Plan provisions for service accrued after that date.
The ROM pension plan was operating under a temporary solvency funding exemption, which would have expired in 2017 and increased its pension contributions. Under the funding rules for single employer pension plans, ROM pension costs would have increased significantly.
As a multi-employer pension plan the CAAT Plan has a different risk profile than single employer pension plans, such as the ROM. The long-established and fully funded CAAT Plan is managed by pension experts to provide secure pension benefits.
Source: https://www.caatpension.on.ca/en/news/everyone/rom-pension-members-elect-join-caat-plan?
Posted on Friday, January 22nd, 2016
To: All Administrators
Due to recent requests from Part Time Faculty for the College to issue Form T2200 from CRA (Declaration of Conditions of Employment) please be advised of the following:
- Any teaching assignment in the College is related to actual teaching time only. However, in addition to the classroom/lab delivery, the compensation also covers time spent on preparation, evaluation, assistance to students and various administrative duties;
- The College does not require Part Time Faculty to pay their own expenses while carrying out the above mentioned duties of employment. Form T2200 is issued if the Employee’s contract require him/her to pay his/her own expenses while carrying out the duties of employment;
- Accordingly, Form T2200 from CRA will not be issued to Part Time Faculty.
If you require additional information, please contact Ruben Sanchez (ext. 5220) sancher@algonquincollege.com or Connie Powers (ext. 5119) powersc@algonquincollege.com
Posted on Tuesday, January 19th, 2016
Come share a powerful bond with a loving animal!
- Date: February 10th, 2016
- Time: 1 pm – 3 pm
Spot us walking around the campus! If you see a cute dog, come and give it a scratch behind its ear!
Posted on Wednesday, December 23rd, 2015
Effective January 4, 2016 the following re-assignments will occur within the Human Resources
management team.
- Leah-Anne Brown, will be seconded full-time to Project Fusion as the Human Resources Transformation Manager.
- Connie Powers will transfer to the role of Acting Manager, Organizational Effectiveness during Leah-Anne’s secondment. Connie has held a number of progressive roles over the last 25 years within Human Resources, internally and externally. She currently leads the Organizational Wellness, Benefits and Compensation team.
- Margaret Lewis, will be joining Algonquin College, as Acting Manager, Organizational Wellness, Benefits and Compensation. Margaret has over 35 years of progressive leadership roles in Human Resources in compensation and benefits, payroll, talent management and labour relations. Most recently she was Area Human Resource Manager at Lowes Canada.
Please join us in welcoming Margaret and congratulating everyone in their new roles. We look forward to continuing to work with you on your business priorities, while we embark on our transformational Project Fusion.
Posted on Wednesday, December 9th, 2015
The Sun Life website – www.sunlife.ca – has been recently updated. The redesigned website has a bold new design, refreshed content and a new way to sign-in. Here are a few highlights:
Easier to sign-in
You will now be able to sign in to your member account right from sunlife.ca – from the homepage and from anywhere else across the site. If you prefer to sign in through mysunlife.ca you still can, Sun Life has simplified the sign-in screen, helping to get you where you need to go faster.
New design
Visitors to the site will enjoy a fresh, modern design, a simplified navigation and refreshed content. Be sure to look for a new life stages section to help navigate your financial options – whether you’re ‘Starting out’, ‘Building’ for the future, ‘Pre-retirement’ or in ‘Retirement’ – Sun Life is making it easier to plan for a brighter tomorrow through every life stage.
Refreshed content
The information found on the new sunlife.ca will showcase planning and advice that brings together relevant lifestyle articles from Brighter Life – Sun Life’s award winning content marketing platform – as well as tools and calculators to navigate you through complex topics.
Information on the go
The redesign of sunlife.ca includes implementing a new, responsive platform that means you will be able to learn about your financial planning needs wherever and whenever on your desktop, mobile devices and tablet.
What about other Sun Life websites?
You will still be able sign into your member account from mysunlife.ca. Sun Life is phasing out the BrighterLife.ca website, but all the great Brighter Life articles can be accessed on sunlife.ca through the new Learn & Plan section.
Help signing in and customer support content related to submitting claims or printing a coverage card, is available through the Customer Care Centre at 1-800-361-6212.
For original communique, 2015-12-08_Sunlife.ca website.
Posted on Friday, December 4th, 2015
Encourage your staff and students to take a break from their worries. Come experience the relaxing, healing power of animal snuggles at Paws 4 Stress. This experience is opened to all staff and students on Wednesday, December 9th, from 1 p.m. to 3 p.m.
Made possible by the AC Hub, AC Human Resources, and St. John’s Ambulance
