Human Resources

Eligibility

Regular full-time faculty and staff are eligible to join the plan immediately upon employment. Other employees may be eligible depending on circumstances.  If you are not a regular full-time employee (including part-time, temporary or contract workers) you may become eligible to participate in either The University of Western Ontario Academic or Administrative Staff Pension Plans.  There are two ways to qualify:

Participation in the plans is voluntary for part-time faculty and staff; however, we encourage you to consider using this very generous pension plan for your retirement savings.  Depending on the plan for which you qualify, the employee contribution can range from 1.5% to 5.5% and the employer contributions start at 7.5%.

You can use the plan to save more towards your retirement, in addition to or in lieu of making RRSP contributions.  While we hope that you have a long and sustained employment with Western, we recognize that you may not be planning a long-term relationship with the University.  It is important to note that all the funds accumulated in the plan (yours, the University's, and the investment return) are payable to you when you leave Western, regardless of the period of time you are a member of the plan.  Note: the funds are not available until you leave Western. Your options on how this money can be received (as a taxable cash payment or as a locked-in transfer to another registered plan) will be determined by the applicable pension laws at that time.  Further details are available in the Q&A and in the Self-Guided Tour (see right menu).

If you have qualified using one of the above eligibility criteria, Human Resources will send an information package to your home address, so it is not necessary for you to track this information.  If however, you believe you have met the qualification criteria, please email hrhelp@uwo.ca and we will investigate.

* The year's maximum pensionable earnings (YMPE) is the maximum amount of earnings on which contributions to the Canada Pension Plan (CPP) are based. You can get information on the CPP pensionable earnings ceiling from the Canada Revenue Agency website.