Pensions – Your Deferred Wages
NSGEU is committed to keeping the ‘pension promise’ for our members, that is to say that we do everything in our power to ensure that our members have financial security in their retirement years.
Pensions are your deferred wages and they are part of your employment contract. We need to protect and develop pensions today so we won’t be impoverished tomorrow. Unfortunately, most workers today, including some of our members, don’t belong to a workplace pension plan.
A pension is not only important for the well-being of the family in retirement, but is a recruitment and retention tool as well. Many young and experienced workers choose an employer because of the promise of a good pension plan.
A pension plan is important because it provides for financial security at retirement. The NSGEU is focused on improving the benefits for members in current pension plans and garnering access to pension plans for members who are without. We are focused on education for our members on their rights to their deferred wages and a retirement with dignity.
NSGEU members participate in 3 types of pension plans: Defined Benefit, Defined Contribution and Group RRSP.
Defined Benefit: In a defined benefit plan, you know in advance how much your pension will be at retirement. The cost of a defined benefit plan is met by contributions made by you and your employer.
Members of Locals: 1, 2 ,3, 4, 5, 6, 7, 8, 14, 16, 17, 44, 46, 48, 55, 71, 80, 93, 94, 95, 267, 470, 480, 1670
There are some Locals who have members participating in the PSSP as they were formerly civil servants and their services were devolved. New employees are enrolled in the employer sponsored pension plan.
Members of Locals: 19, 42, 45, 77, 92, 96, 97, 246
Members of Locals: 19, 20, 22, 23, 27, 32, 34, 36, 38, 41, 42, 76, 83, 84, 86, 89, 90, 91, 97, 246
VON Canada Pension Plan
Members of Locals: 29, 31, 35, 40, 85
Members of Locals: 77, 92, 96, 99
Members of Local: 53
Members of Local: 1995
Pension Plan for Employees of Sherbrook Restoration Commission
Members of Local: 50
South Shore Regional School Board Support Staff Pension Plan
Members of Local: 70
Tri-County Regional School Board Support Staff Pension Plan
Members of Local : 74
Regime de Pension de l’Université Sainte-Anne
Members of Local: 45
For all enquiries about Pension & Benefits, contact our Pension & Benefits Officer, Corinne Carey. Select her name to send her a message.