WVMEA PENSION WEBINARS (posted November 3, 2020)
Thank you to all those members who participated in our Pension webinars held on October 26th, 28th and 29th. We will be providing feedback to the Pension Plan Partners.
PROPOSED CHANGES TO MUNICIPAL PENSION PLAN (posted October 15, 2020)
The Municipal Pension Plan recently announced proposed changes to its plan and also circulated a video which is available at https://mppredesign.ca/general-members.
Information regarding these changes is also located at https://mppredesign.ca. The MPP also has an active call centre open from September 14, 2020 to October 23, 2020 where questions can be answered directly at https://mppredesign.ca/contact-us/. Our members should by now have received information from either their employer or the WVMEA. It is our intention to hold some Zoom meetings to answer any questions our members may have once they have had time to digest all the information. The documents which the WVMEA sent out on October 14, 2020 are as follows:
PENSION BUY-BACK REMINDER
A quick note for all members: members need to be aware of the rolling five-year window. What this means is that if you started, took a leave, or worked part-time, etc. after April 2002, you have a limit of five years to buy that time back (e.g. if you started work or took a leave in November 2015, your five-year window runs until October 2020 to be eligible to apply to buy back either your probation time or the leave time.) (Note: no contributions are made during the probation period, so, again, a member would have five years to purchase this time back, if they wished.) Please be sure to keep track of this yourself.