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A Message from Shepell-fgi (Posted 25-Aug-2008) Attached is our quarterly employee newsletter from our Employee Assistance Program (EAP) provider, called Healthy Living. This month’s issue is entitled, “Guiding your Child to Social Success”.
For most parents, the happiness of their children is a number one concern. This is especially true when it comes to a child fitting in socially and being accepted.
This months Healthy Living offers strategies to help parents ease their own anxiety around their child’s social skills and ensure their child is socially successful. By providing a safe, comfortable environment for friendships to blossom and staying connected through conversation, you’ll help your children develop healthy relationships at home, school and beyond. A Message from Human Resources (Posted 25, 2008) CRA warns Canadians of mail scam - The following is now available on the CRA Web site: The Canada Revenue Agency warns Canadians of mail scam A Message from The College Compensation and Appointments Council (Posted 21-Aug-2008) Resulting from recent changes in legislation, independent Dental Hygienists are no longer required to work under the supervision of a licensed dentist in Ontario. This also applies to Alberta, British Columbia, Manitoba and Saskatchewan, where college retirees may now reside. As a consequence, some of the services provided by independent Dental Hygienists may be eligible under the CAAT Group insurance plans. Click here for more details. A Message from Shepell-fgi (Posted 15-Aug-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider “Back to Work Blues: Easing into Work after Summer Vacation”. Heading back to work after a nice relaxing vacation is not something the majority of us look forward to. For many, the transition from vacation to the working world is often filled with anxiety and disorientation. This month’s Balancing Act offers some great tips for you to get organized before you leave for vacation, as well as ways to keep you in that calm state of mind when you return to work. These strategies will help you focus on the positive aspects of your work environment and help make your transition back to work a breeze. A Message from Connie Powers, Manager, Compensation, Pension & Benefits (Posted 23-Jul-2008) Effective immediately, upon satisfactory performance, all Administrative Staff will progress to the next step in the payband after completion of one full year in their current position. A memorandum will be sent by Human Resources Services to the respective employees’ Manager/Director/Vice-President for approval and signature purposes. All Administrative Staff who currently maintain a step progression date of April 1st, who have not reached the maximum step on the salary scale, will continue to maintain an anniversary date of April 1st. Administrative Staff new to the College will maintain a step progression date equivalent to their date of hire into the position. Administrative Staff who have had their position re-classified will maintain a step progression date equivalent to the date of re-classification. Academic or Support Staff who have been assigned a temporary administrative role (and receiving a rate of pay based on the administrative pay scale) and who are in the temporary role for one or more years, will maintain a step progression date equivalent to their date of hire into the temporary assigned role. A Message from Shepell-fgi (Posted 23-Jul-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider “Summer Brain Drain: Encouraging kids to keep learning during the summer holidays”. Finding the right balance of fun and academics throughout the summer months can be a challenge. This month’s Balancing Act offers you some guidance to keeping kids both physically and academically active throughout the summer to ensure that they feel prepared when they return to school in September. Read on to learn of some great ways to introduce learning into summer activities while letting them have fun too.
A Message from Shepell-fgi (Posted 23-Jul-2008) Attached is our quarterly Healthy Working newsletter, "Supporting a Worker with a Serious Illness,” from our Employee Assistance Program (EAP) provider. When supporting a worker with a serious illness people leader’s have an opportunity to create a workplace that is caring and safe, both for the employee and those affected by their illness. This newsletter offers knowledge around how to lend a helping hand and stay connected with the ill employee, which can be a great start to helping your colleague feel valued during a challenging life stage. Remember, the most important part about offering help is following through, so try and put the tips from this newsletter into action too! A Message from Shepell-fgi (Posted 04-Jun-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider “Helping Teens Prepare for Summer Work”.
A summer job is a great way for teens to gain new life experience, learn to take on new responsibilities and maybe even earn a little extra money.
The strategies found in this month’s Balancing Act newsletter can help you prepare your teen for the working world by giving you an understanding of what employers are expecting and the variety of job opportunities available. Equipping your teen with the information they’ll require for their job hunt will help get them started on the right path to their career.
A Message from Shepell-fgi (Posted 26-May-2008) Attached is our quarterly employee newsletter from our Employee Assistance Program (EAP) provider, called Healthy Living. This month’s issue is entitled, “Understanding Attention Deficit Hyperactivity Disorder (ADHD)”. This newsletter offers insights into the symptoms, proper diagnosis and treatment of ADHD in both adults and children, which not only enables you to help yourself or someone you know who has ADHD, but also can provide you with a deeper understanding of the challenges those with the disorder face. You’ll also find tips on how to learn to deal with ADHD effectively and the strategies you can put into action so that if you have ADHD you can continue to thrive. A Message from Shepell-fgi (Posted 09-May-2008) New Microsite Now Available! While you may consider “spring cleaning” something you do around the house, why not try sprucing up not only your work environment, but also, your body and mind to discover an on-the-job balance that really works? We’ve partnered with our Employee Assistance Program (EAP) to put together an online interactive wellness site (microsite) that offers resources and tools to help you get on a path to better physical, emotional and mental health at work. Whether you’re looking for simple ideas to integrate healthier habits on the job, or want to overhaul the way you handle work challenges, this site can help restore your career composure and create a healthier you! The microsite, www.shepellfgi.com/EN-CA/healthyhabits will be active from May 2nd, 2008 to May 31st, 2008. Log on now to discover how you can create your own ‘Working Balance’. A Message from Shepell-fgi (Posted 09-May-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider: “Keeping a Lid on Anger”. Anger is a natural and necessary part of life. But it should never be a way of life.
You can learn to cool the temperature of that boiling blood or hot head before it becomes a destructive influence in your life. Some of the strategies in this month’s Balancing Act newsletter can help you respond more consciously to situations so that you can harness the energy created by anger and shape it into a truly positive force. A Message from the College Compensation and Appointments Council (Posted 9-May-2008) Notice of Changes to the CAAT Retiree Group Insurance Plans Please find attached Notice of important changes to your retiree group insurance plans. These changes have been recommended by the CAAT Retirees Group Insurance Advisory Committee (the Committee) and approved by the College Compensation and Appointments Council (the Council). The Committee has the responsibility for assisting the Council in ensuring the appropriate benefit design and cost effectiveness of the group insurance plans that are available to all eligible CAAT retirees. The changes that are reflected in the Notice received significant consideration by the Committee before being recommended to Council and are being made to ensure the future financial viability and sustainability of your group insurance plans. Please click here for Notice of Changes . A Message from Shepell-fgi (Posted 29-Apr-2008) Attached is our quarterly Healthy Working newsletter, "Leading the Way,” from our Employee Assistance Program (EAP) provider. Successful leaders recognize that being a leader requires much more effort than simply running a team. Continual growth, flexibility, and self-reflection are an excellent starting point on your way to becoming a great leader. This newsletter offers some direction around how you can provide the right tools, offer guidance and inspire your employees to work as a team and achieve their goals. A Message from Shepell-fgi (Posted 9-Apr-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider: “Making Your Dream of Sleep Come True”. With over 85 different sleep disorders in existence, it’s no wonder many people struggle to get a good nights rest. Learning why you might be losing sleep and determining how to alter your bedtime behaviour can be the first step to a better-rested lifestyle. Whether you find yourself lying awake at night or still feeling exhausted in the morning, this month’s Balancing Act newsletter offers tips and strategies to get your sleep cycle back on track.
A Message from Shepell-fgi (Posted 14-March-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider: The Balancing Act - "Understanding Allergies" (Posted March 14, 2008) A Message from Human Resources Services (Posted 14-March-2008) Eat Well, Live Well, For a Lifetime (Wellness Seminar) Links: Please feel free to visit the links below that were discussed in the March 12th Wellness session. A Message from Human Resources Services (Posted 15-February-2008) Reimbursement of Tuition Fees for Dependent Children & Spouse/Partner of Full Time Employees Effective as of the spring 2008 term, a reimbursement of tuition fees will be made available for dependant children and spouse/partner of eligible Algonquin College Employees. For Full-time students in a Ministry-funded program, the tuition portion of fees, less a $100 administrative fee, will be reimbursed to the employee. All applicable ancillary fees are to be paid by the student and will not be reimbursed. Employee Application for Partial Reimbursement of Tuition Fees RO065 (Word Document) Authorization for Student info for Employee's Application for Reimbursement of Tuition Fees RO073 (Word Document) A Message from Human Resources Services (Posted 11-February-2008) Our Eap Provider, Shepell-fgi, will be providing various Wellness Seminars. To register please click here. The Art of Managing Conflict Description: This seminar will provide a framework for assessing the types of conflict people typically experience in the workplace and will propose strategies for their resolution. LEARNING OBJECTIVES: • Recognize the nature and impact of conflict • Learn about the effects of unresolved conflict • Examine typical reactions to conflict • Acquire some practical strategies for resolving conflict
Creating a Great Family Life Description: This seminar will explore to day's family life, which can often seem complicated and challenged by circumstances such as divorce, a feeling of lack of time, poor communication and competition from electronic gadgets. Participants will have the opportunity to see that, despite these issues, it is possible to build a great family life. LEARNING OBJECTIVES: • Define the make-up of "today's family" • Understand the challenges families may face • Discuss techniques for making time for one's family • Discover skills to improve communication with one's family
Eat Well, Live Well, For a Lifetime Description: This seminar will discuss dietary risks and will explore how a healthy diet can be one of an individual's best defenses against cancer. In addition, discover some anticancer superfoods that can help reduce your chances of developing this disease. LEARNING OBJECTIVES: • Receive healthy living recommendations for cancer prevention • Discuss the connection between risk factors and diet • Acquire dietary tips for taking action to reduce one's risks • Learn about the anticancer superfoods
Parenting - The Teen Years Description: This session is designed to normalize and reframe the changes that occur during the teenage (13-19) developmental period and to provide parents of teens with some suggestions on how they can best support their adolescent child transition into young adulthood. LEARNING OBJECTIVES: • Identify how teens have changed over the years • Learn about the emotional and physical development and behaviour shifts that are to be expected as children transition from tweens to teens • Discuss the ways in which the needs of the teenager differ from those of the family • Understand how parenting styles may impact teen behaviours • Develop strategies to maintain open lines of communication with teenagers
Care for the Caregiver Description: Whether participants are already caring for an aging family member or plan to take on this role in the future, this seminar provides important information for them to consider. Topics include the emotional and physical responses that often accompany caregiving and the development of healthy habits and positive coping strategies. LEARNING OBJECTIVES: • Understand the emotions typically experienced by caregivers and why they occur • Discover strategies to make caregiving easier • Acquire tools to increase the level of satisfaction associated with the caregiver role A Message from Human Resources Services (Posted 22-January-2008) On October 11, Premier Dalton McGuinty announced the creation of a new provincial statutory holiday entitled "Family Day", occurring on the third Monday of February, beginning in 2008. In adherence to this provincial legislation, the College will be closed on Monday, February 18, 2008. Please click here to view other college approved holidays. A Message from Shepell-fgi (Posted 16-January-2008) Please click the link for our quarterly Healthy Working newsletter, "Teaming to Succeed: Creating Great Work Teams,” from our Employee Assistance Program (EAP) provider. Great teams uncover solutions that one person might not have come to on his or her own. They capitalize on the experience, insights and knowledge of team members and offer a fresh collective perspective that encourages innovation. This newsletter offers some guidance around how you can foster a culture of collaboration, proactively map out your team’s goals and swiftly deal with squabbles when they arise, to build a team that not only works well together, but also encourages employees to forge a new, cohesive path to success.
A Message from Human Resources Services (Posted 15-January-2008) Please see document for new Benefit Premium Rates (effective February 1, 2008) A Message from Shepell-fgi (Posted 9-January-2008) Attached is this month’s Balancing Act from your Employee Assistance Program (EAP) provider: “Climbing Back on the Fitness Wagon” Many people fall off the fitness wagon but there are always opportunities to get back on and renew your commitment to your health and well-being. Tips from the Balancing Act newsletter can help kick start your plans to shape up and get you motivated and moving! A Message from Shepell-fgi (Posted 8-January-2008) As part of our ongoing commitment to providing health and productivity solutions to our customers and their employees, I’d like to share with you details around our latest ‘Microsite’.
It’s called ‘Channeling Change: Healthy Hints at Every Life Stage’ and it is intended to support employees as they go through inevitable life changes. As many people look forward to the New Year as a new beginning or a fresh start, Channeling Change will provide important information on how employees can manage change effectively.
Some of the features of Channeling Change include:
There will be an interactive element to this site with a selection of self-directed health screening tools to help employees assess their overall health and wellness when it comes to dealing with change. Please click Channeling Change to visit the microsite. A Message from Human Resources (Posted 6-Dec-07) Please click below to see important information regarding a vision care benefit increase for Academic Staff. Group Insurance Benefits Communique A Message from Shepell-fgi (Posted 6-December-2007) Please see the link below for recent publication from our EAP provider. The Balancing Act - 'Tis the Season To Feel Blue? A Message from Human Resources (Posted 4-December-2007) Recently, Worldwide Assistance Services, Inc., Sun Life's emergency travel assistance provider, changed its name to Europ Assistance USA, Inc. Sun Life wants to assure everyone that this name change will not affect services provided, nor the phone numbers plan members call when they have an out-of-province medical emergency. Please click here for further details. A Message from Human Resources (Posted 27-November-2007) Contribution Increases
A Message from Human Resources (Posted 15-November-2007) As per CAAT Pension the strike service purchase will be affected by contribution increases. Please visit the CAAT Pension website for details. A Message from Human Resources (Posted 08-November-2007) Athletic therapists are not eligible practitioners under the Sun Life plan, and Massage therapy must be performed by a RMT and we will allow for orthotics when prescribed by a It is always advisable to send a predetermination to Sun Life by fax (416 490 0224) prior to obtaining any services. A Message from Shepell-fgi (Posted October 12, 2007) Please see the links below for recent publications from our EAP provider. Healthy Heroics on The Job: Championing a Healthy Work Environment Healthy Working: The Art of Performance Reviews A message from Human Resources (Posted 26-Sep-07) Please visit our New Hire Orientation Page for all your new employee needs. Should you have questions please contact Human Resources Services at x7660. A Message from Shepell-fgi (Posted 17-Aug-07)
Please click here for your quarterly employee newsletter, called Healthy Living. This month’s issue offers tips on how parents can approach more serious topics, such as sex or drugs, with their teen or tween.
A Message from Human Resources (Posted 17-Aug-07)Please note that in future, all Job Postings will be sent electronically to the departments instead of by interoffice mail. The Job Competitions will still be posted on the Human Resources page under Career Opportunities. As well, hard copies will still be placed on the bulletin boards in the hallway outside of the Registrar's Office and the 4th Floor of C building. If you would like to be on the email list as a contact to receive postings for your department, please contact Sally Kelly at kellys@algonquincollege.com or call extension 5789 if you have questions.A Message from Shepell-fgi (Posted 14-Aug-07) Please click here to read this month's Balancing Act from your Employee Assistance Program (EAP) provider: “First Day Jitters: Helping Kids Adjust to a New School”. Adapting to a new environment is tough for anyone, but it’s particularly hard on children when they start a new school. Change can be especially difficult for children, who are still in the process of learning who they are and how they fit into their social circle. This month’s Balancing Act newsletter offers some tips to help your child pass this challenging time of transition with flying colors.
A Message from Shepell-fgi (Posted 20-Jul-07)
A Message from Shepell-fgi (Posted 14-Jun-07) This Month's Balancing Act newsletter offers tips to spruce up an absent mind. Please click here to read Memory Makeover. A Message from CAAT Pension (Posted 01-Jun-07) Plan Text as amended December 13, 2006 The most up-to-date Plan Text was amended December 13, 2006. It documents the changes outlined in the Plan's Funding Policy, including the contribution increases that will be implemented starting January 1, 2008 and the changes to indexation that will apply to service earned after December 31, 2007. Contribution Increases There will be an Increase of 1% for both Plan Members and employers, to be implemented on each of January 1, 2008, 2009, and 2010. The total increase will be 3% for each group.
Indexation The Plan will not be guaranteeing annual indexation increases for service earned after December 31, 2007. Increases for service earned after that date may be granted each year but only if the Plan can afford it and remain fully funded. Note that this change will not affect indexation payments already granted. Details about the Funding Policy and the Plan changes resulting from them can be found in the January 2007 Member Newsletter A Message from Shepell-fgi (Posted 07-May-07) Please see this month’s Balancing Act from your Employee Assistance Program (EAP) provider: “Parking Stress At The Door”. Stress can cause havoc in all areas of your life, and the spill-over of work stress when you get home or vice versa, can become overwhelming.This month’s Balancing Act newsletter highlights just a few strategies you can use to try to stop stress at its source and prevent it from spilling over into other areas of your life. A Message from Shepell-fgi (Posted 07-May-07) The intertwined pressures associated with work, home, family, friends and your physical health can be overwhelming for most people. But by making simple lifestyle changes you can deal with those pressures in a less stressful way and find a work/life balance that works for you. National Mental Health Week, co-ordinated by the Canadian Mental Health Association, takes place from May 7 – 13, 2007 and this year’s theme is work-life balance. To mark the event we’ve partnered with our Employee Assistance Program (EAP) to put together an online interactive wellness site (microsite) that offers resources and tools to help you discover your work-life balance.The microsite, entitled, ‘The Work/Life Balance Challenge’, offers help in three different areas;
The microsite, www.shepellfgi.com/balancechallenge, will be active from May 2nd to May 31st. Log on and ease your pressure level with a few small changes that will take you a long way. A Message from Shepell-fgi (Posted 18-Apr-07) The recent shooting at a Virginia College has left many individuals feeling shocked, vulnerable and unsafe.As your employee assistance program provider, Shepell·fgi would like to extend our support to you and your employees during this difficult time. While Monday's events happened at one particular college, employees and students alike may be experiencing stress, fear and sadness. To offer support, we have posted “Coping with Trauma” on our main corporate landing page. The article includes tips and information on the signs and reactions of a trauma, as well as information on how to overcome a traumatic event. We are also offering a “How to respond to critical incidents” tip sheet for managers and supervisors. Additional articles are available via the Shepell·fgi website Visit: www.shepellfgi.com, then click on the WarrenShepell logo or click herePlease don’t hesitate to contact us if there is any additional support that we can offer. Many members of our Trauma team are supporting clients impacted by this event. We are all available for consultation and support. Sincerely, The Shepell·fgi Ottawa Team Understanding Indexation Changes(Posted 16-Apr-07) A Message from CAAT Pension: Following the announcement of upcoming indexation changes, we have received several questions from Plan Members as well as College pension Administrators about the possible impact on future pensions. The attached document explains the upcoming changes and provides examples that may be particularly useful to Members who are planning to retire within the next few years. Human Resources Services Online Comment Card (Posted 20-Mar-07) Tell us how we are doing! Please visit the Human Resources website to give us your feedback on services and information, or come into our office to fill out a Comment Postcard. We value your opinion and would like to hear from you! Please click here to fill out a survey now. Note: You must be logged into the College Network (myalgonquin) to view this page. Orientation Schedule (Posted 12-Mar-07) As per Directive 16 - Please click here for the scheduled new hire start dates and checklists for the current budget year . Should you have questions regarding this schedule, please contact Nigel Parker at x 5366 or call x7660 for assistance. Employee Assistance Program (Posted 12-Mar-07) This message is to update you on a recent development to our Employee Assistance Program (EAP). WarrenShepell, our EAP provider, has joined with FGIworld to become one of North America's leading providers of EAP services. The company is now known as Shepell·fgi. You will continue to have access to the same high quality services and support at the same EAP hotline numbers, noted below, 24 hours per day, 7 days per week. 1 800 387-4765 (English) 1 800 361-5676 (French) Support Staff Position Description (Posted 05-Mar-07) As of March 1, 2007, all support staff will receive their new Position Description Form and a letter outlining their placement on the new paybands. As a result of this classification exercise the College wants to provide an opportunity for employees to seek an internal review without affecting their rights under the Collective Agreement in the event the appeal process does not provide a satisfactory resolution for the employee. This process is not intended to be a permanent process nor is it intended to circumvent the Collective Agreement. Please consult the posted documents entitled, Support Staff Classification Appeal Process and Form should you wish to access this process. For more information click here |
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Administrative Staff Benefit Changes (Posted 30-Jan-07) This is to advise that the Council has approved recommendations that provide for the following changes to group insurance benefits for Administrative Staff employees and early retirees enrolled under Contract 50833.
Where plan members have incurred claims since January 1, 2007 that exceeded the previous limits i.e. $2,000 for dental and $300 for vision care, these claim(s) will be re-adjudicated by Sun Life. No premium adjustment will result from these change. For a copy of the communication click here.:Employee and Family Assistance Program Information Sessions (Posted 12-Jan-07) EAP Information Session for all Deans, Directors, Managers, Academic Chairs Representatives from Warren Shepell will be onsite at the Woodroffe campus on Wednesday, January 31st from 1pm - 3 pm, to present a manager specific information session highlighting the services and important features of the Algonquin College Employee and Family Assistance Program. http://www.algonquincollege.com/employee-pd/workshops.html Employee and Family Assistance Program Microsite (Posted 18-Dec-06) There is no single reason why someone misuses alcohol or other drugs, or why someone gambles compulsively. Many people develop an addiction to cope with life’s problems. For a while, the substance use or gambling may mask our pain, and take away our fear. However, the solution eventually becomes the problem – a problem that often destroys relationships and families. We’ve partnered with our Employee Assistance Program (EAP) to put together a Seasonal Microsite that offers resources and tools to help beat addictions and to get on the road to recovery. The microsite, entitled, “Let the Holiday Season Move You”, offers help in three different sections;
Employee and Family Assistance Program Information Sessions (Posted 06-Dec-06) Representatives from Shepell fgi will be facilitating a number of information sessions which will highlight the services and important features of our new Employee & Family Assistance Program. Sessions are currently scheduled for December 5 and 6 from 10:00 a.m. to 11:00 a.m. in Room C 404, and December 13 from 1:00 p.m. to 2:00 p.m., also in Room C404. Please register on the Professional Development website as space for these early sessions is limited. Additional sessions will be scheduled for the new year. CAAT Pension - Clarification: Options when Working Past Age 65 (Posted 21-Nov-06) The Plan has recently received a number of questions regarding working past age 65 and starting a pension. At this time, when the number of Plan Members working past age 65 may increase, we would like to clarify the Plans policies in this area. CAAT Plan Members who reach age 65 have two choices regarding their pension.
For choice number 1 stopping work and retiring on pension - Members must submit a termination form, called a TRD Pension Claim form. The Colleges Human Resources office helps individuals prepare this form. The Plan will subsequently prepare an option document, which the Member can use to choose from among the available benefit options. It is not possible for the Plan to process and start a pension without receiving a completed TRD Pension Claim. This treatment accords with the Plan text and our understanding of the provincial law (the Pension Benefits Act) on the issue. Bill 211 and WSIB Coverage(Posted 17-Nov-06) Bill 211 the Ending Mandatory Retirement Statute Law Amendment Act 2005 will remove mandatory retirement age for workers in Ontario as of December 12, 2006. The Council has received a number of inquiries relating to WSIB coverage for individuals working beyond age 65. The attached Q & A is from the WSIB's website and it addresses questions relating to this issue. As you will note workers aged 63 or older at the time of their injury are entitled to a two-year benefit payment but some of the ancillary benefits such as retirement income are not provided. CAAT Pension - Funding Policy Clarification (Posted 16-Nov-06) The pension is broken down in this way: service up to Dec. 31, 1991 is indexed based on the surplus in the pension plan service from 1992 to Dec. 31, 2007 is guaranteed indexed at 75% of the consumer price index service from 2008 on is indexed based on the surplus in the plan. So essentially you are guaranteed to have the service from 1992 - Dec. 31, 2007 guaranteed no matter when you retire. CAAT Pension - Funding Policy (Posted 16-Oct-06) On September 27, 2006, the Sponsors Committee of the CAAT Pension Plan approved a Funding Policy that will help to address the current deficit situation and should increase the stability of the Plans funding in the future. 1. The Policy, recommended to the Sponsors’ Committee by the Board of Trustees and its Funding Task Force, contains 10 points that will reduce the current deficit and provide a framework for dealing with future surpluses and deficits. Point 1 of the Policy increases contribution rates by 1% on each of January 1, 2008, 2009 and 2010, for a total increase of 3%. This will apply equally to both Plan Member and College contributions. 2. The Policy states that the Plan will not be guaranteeing indexation increases annually, starting with the granting of indexation for service earned after December 31, 2007. Indexation for service earned after that date may be granted each year on an ad hoc basis – if it is affordable, meaning that the Plan is 100% funded according to the previous year’s actuarial valuation. It’s important to keep in mind that pensions currently in payment, or those that start before January 1, 2008, will not be affected either by this change in the granting of indexation payments or by the change in contribution rates. The remaining points in the Policy lay out the procedures that the Plan will follow in eliminating future deficits and making the best use of future surpluses. The key priorities for uses of surplus include making ad hoc indexation payments and “catching up” for missed years of such payments, and reducing contribution rates. Note that this information will appear on the Plan’s website on Wednesday, October 11, and that more detailed explanations will be sent to all Plan Members and Pensioners within the next month. http://www.caatpension.on.ca You may also contact CAAT Pension directly at 1 866 350 2228. CAAT Pension - Separation/divorce agreement REQUIRED ( Posted 31-Aug-06) In the event of a marriage breakdown or separation by a Member, the Plan requires evidence that the ex-spouse is entitled to a share of the Member’s pension, or that he or she has waived such entitlement. The best source of this evidence is a copy of the separation or divorce agreement that directly addresses the settlement of the pension entitlement. At the time a separation or divorce is being negotiated, the Plan is willing to review the proposed wording that relates to the division of the Member’s pension entitlement. This review is only to determine whether the proposed settlement is enforceable by the Plan under the terms and limits of the Ontario Pension Benefits Act. When the agreement is finalized we ask that you provide a copy of the title page, the paragraph or paragraphs pertaining to the pension division and the signature page. We will keep this in the Member’s file so that any subsequent claims that occur will be supported or negated by the document. NOTARIZED AFFIDAVIT IN LIEU OF SEPARATION/DIVORCE AGREEMENT In the event that there is no agreement, or the agreement does not address the pension issue, or if the Member refuses or is unable to submit a copy of the agreement or a signed waiver, the Plan will accept a notarized affidavit, paid for by the Member or former Member, in which they must declare:
You may also contact CAAT Pension directly at 1 866 350 2228. |
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