About the pension plan
The University of À¶Ý®ÊÓƵ pension plan is a defined benefit pension plan for faculty and staff designed to help you save for retirement.
Learn more about the À¶Ý®ÊÓƵ pension plan in this general overview, review the pension booklet linked below, and check MyPENSIONinfo, our online self-service platform (WatIam login required).
Full technical details of the flex pension provision are available in the officialÌýpension plan text, which is the authoritative document.
About myPENSIONinfo
MyPENSIONinfo is an online self-service pension estimator: review your pension profile information, run pension projects estimates, and receive yourÌýannual pension statementsÌý(a snapshot of your accrued pension up to December 31st of the statement year released by the end of June).Ìý Learn more at myPENSIONinfo: explained.
Joining the pension plan
Retirement planning
Learn more about joining the pension plan, includingÌýpension plan eligibility, how your contributions work, howÌýto join the plan, beneficiary information and more.Ìý
If you are under 35 years of age when hired, and you meet the eligibility criteria set out on the joining the pension page, you may join the pension plan on the date of hire (if hired on the first of the month) orÌýon the first of any month following the date of hire.Ìý
Explore theÌýRetirement planningÌýpage to learn about the retirement age, process, how your pension is determined, and the pension options available to you.
Additional Resources:
±·´Ç³Ù±ð:ÌýIf you are under age 35 and choose not to join the plan, waiving your eligibility, you ³¾³Ü²õ³ÙÌýjoin on the January 1Ìýfollowing or coincident with your 35th birthday.Ìý
Life Events with Pension Implications
When you go through a life event, such as a change in spousal relationship, termination, taking a leave of absence, or if you are leaving Canada, it is important to review and update your pension plan information to ensure your account still reflects your circumstances.Ìý
You will find the information onÌýhow life events may affect your pension planÌýto guide you through the process should you need to make an adjustment to your account.
You can update many aspects of your pension information, including changes in your spousal relationship, directly in Workday, which reduces the need for paper forms and provides employees with an easy way to manage their information.
The Pension Team
"We see you through retirement!"ÌýÌý
The goal of theÌýHuman Resource Pension TeamÌýis to provide trusted support, targeted education and personalized consultation to ensure informed pension decisions. Our role is to care for your pensions during your working life at À¶Ý®ÊÓƵ and beyond. We can provide you withÌýone-on-one meetingsÌýorÌýset-up seminarsÌýfor your area or office.
Please contact us atÌýpensions@uwaterloo.caÌýor at ext. 40437
Ìý
Ìý