Human Resources Services
Room 207 Chrysler Hall Tower
( 519) 253-3000, ext. 2047
Fax (519) 971-3688

Mailing Address:
University of Windsor
Human Resources Services
401 Sunset Avenue
Windsor, Ontario
N9B 3P4
Retirement Plan - Employees
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Section 14 - Pension Fund

14.01 Establishment

The University will continue the operation of a Pension Fund for the provision of benefits pursuant to the Plan and will determine the form and terms of the Trust Agreement, modify the terms of such Trust Agreement at such time or times as may be necessary to accomplish the purposes of the Plan and will be responsible for the selection of the Trustee and may appoint successor trustees as, in its sole opinion, may be necessary for purposes of the Plan.

14.02 Responsibility Of The Trustee

The Pension Fund will be administered by the Trustee in accordance with the terms of the Trust Agreement, and in compliance with the provisions of the Pension Benefits Act and any other applicable legislation governing the investment of such funds. A copy of the Trust Agreement may be examined by a Member of the Plan at any reasonable time in the offices of the University.

14.03 Deposits

All contributions made by Members of the Plan and by the University on their behalf will be deposited in the Pension Fund. Contributions shall be remitted to the Pension Fund within 30 days following the month in which they were received or deducted by the University or for which the contributions were payable.

14.04 Payment Of Benefits

All benefits will be paid from the Pension Fund. Benefits payable from a Member’s additional voluntary contributions shall be paid under an arrangement acceptable to the Department of National Revenue. Notwithstanding the foregoing, the University may, in its sole discretion, direct that benefits be purchased from an insurance company licensed to do business in Canada.

14.05 Expenses

All expenses with respect to the operation or administration of the Plan will be payable from the Pension Fund, unless such expenses are paid directly by the University.

14.06 Removal Of Funds

No funds shall be removed from the Pension Fund other than those prescribed in this Plan.

Copyright 1999, University of Windsor
Although care has been taken in preparing the information in this site the University of Windsor cannot guarantee its accuracy.