Where it began
In the late 2000s, pension plans in the university sector faced existential financial and political pressures.
Employee groups and university administrations, with the support of the provincial government, began considering a multi-university jointly sponsored pension plan (JSPP) as a long-term pension solution for the sector. Moving to a JSPP model addressed many of the challenges facing university pension plans at the time, while offering a range of new advantages — including more member control over the future direction and outcomes of their pensions.
Employees and employers came together to build UPP. We would like to recognize the extraordinary efforts of this plan’s founders. It is our privilege to continue their work.
We built the UPP to assure a dependable retirement income. We custom built the UPP for our sector, offering better value and security for contributions. For us, that means financial security, a secure defined benefit plan with indexation, and early unreduced retirement options. It also means that employers and employees cosponsor the Plan and have an equal say in its governance.
John Tartt, Employee Sponsor Co-Chair
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