Human Resources

Changes To Your Plan

The Future of Western's Retirement Income Fund (RIF) Program

The Western Board of Governors on November 20, 2014 approved a recommendation to allow the establishment of a relationship with Sun Life Financial.  Sun Life will become the preferred provider of a Retirement Income Fund for Western retirees. 

Diversified Equity Fund Review Now Complete

With a goal of increasing returns and/or reducing the fund’s volatility, a review of the Western Diversified Equity Fund is now complete.

Contribution Changes to PMA Pension Plan

Changes have been made to the Administrative Pension Plan for PMA-eligible members.

Librarians and Archivists

Librarians and Archivists have moved to the Academic Pension Plan at Western University.

Diversified Bond Fund Changes

An additional holding became part of the investment mix that makes up Western’s Diversified Bond Fund on July 1, 2012.

Socially Responsible Fund

SRI no longer available to RIF members.

Fee Increases

Fee increases for some members of the Western retirement plans.

Marriage breakdown (Bill 133)

New rules that took effect January 1, 2012 affect pension asset division on marriage breakdown.

Changes to CPP

New rules instituted January 1, 2012 affect those 60 to 70 and receiving a CPP retirement pension.

ABCP - Restructuring Plan for non-bank ABCP & Liquidating Trust (2007-2017)

To update members, former members and retirees, regarding the recommended approach, identified by the Joint Pension Board, for the management of the restructured notes received in exchange for the non-bank Asset Backed Commercial Paper held in the Western Retirement Plans.

UWOFA Required Contribution Decision

Pension Required Contribution decision for UWOFA Faculty Members (July 2011).