Changes to the IAM Multi-Employer Pension Plan (MEPP)
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Pensions
When there is political will, justice prevails
Toronto, ON April 19,2023– After several attempts by different political parties, including the NDP, essential pension protection legislation is passed by the Senate. The “Act to Amend the Bankruptcy and Insolvency Act”, also known as the pension protection Act, legislation that the International Association of Machinists and Aerospace Workers (IAMAW) have advocated for decades will finally prioritize workers in cases of bankruptcy and insolvency. The Act would apply to provincially
Outstanding Pension Benefit???
Do you have an outstanding pension benefit? Did you ever work at an employer represented by the IAM? You may be entitled to a pension plan benefit. The IAM Labour-Management Pension Plan and the IAM Multi-Employer Pension Plan have money set aside for outstanding payment to pension plan members. If you think you may be entitled to a payment, please email us at iammember@iampension.ca
Letter to Bill Morneau and Marc Garneau from Hassan Yussuff, CLC President
Le français suivra March 23, 2020 File: 20403-F01/T01 The Honourable Bill Morneau, P.C., M.P. Minister of Finance House of Commons Ottawa, ON K1A 0A6 By email: bill.morneau@parl.gc.ca The Honourable Marc Garneau, P.C., M.P. Minister of Transport House of Commons Ottawa, ON K1A 0A6 By email: marc.garneau@parl.gc.ca Dear Ministers: We write to you on behalf of over 50,000 airline employees in Canada. The novel coronavirus (COVID-19) outbreak is taking an extraordinary
Useful Numbers 2020 – by Ivana Saula
USEFUL NUMBERS FOR 2020 PENSIONS 1. OLD AGE SECURITY BENEFIT (Monthly, at age 65, January 2020) $ 613.53 (regardless of marital status) Adjusted quarterly to CPI (in January, April, July and October) OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.60% for each month of deferral Pension indexation rate for 2020 is 2% Following increases to CPI, OAS benefit will increase by 0.0%
CPP + Good workplace Pension Plans = A more secure retirement!
Toronto, ON – At a time when income is stagnating and most household budgets are stretched to the limit, saving for retirement is incredibly challenging. Without a secure and decent public pension system to rely on, many Canadians are in a precarious situation when it comes to planning for retirement. Common Wealth, an organization that advocates for strengthening the public pension system, and offering the first collective retirement plan for
Useful Numbers 2019 – by Ivana Saula
PENSIONS OLD AGE SECURITY BENEFIT (Monthly, at age 65, January 2019) $ 601.45 (regardless of marital status) Adjusted quarterly to CPI (in January, April, July and October) OAS/GIS can be deferred up to 5 years (to age 70), with an increase of 0.60% for each month of deferral Following increases to CPI, OAS benefit will increase by 0.1% for the January to March 2019 quarter CANADA/QUEBEC PENSION PLAN (2019) Maximum