The Multi-Sector Pension Plan (MSPP) is a relatively new multi-employer pension. It is expected to cover all of those CUPE and SEIU workplaces where, until now, it has been hard, if not impossible, to find a good defined benefit pension plan. So, if you have no existing multi-employer, defined benefit, public sector plan to join, the MSPP is for you.
The MSPP is the responsibility of trustees appointed by SEIU and CUPE. The employer's only responsibility is to ensure pension contributions are made and to supply the Plan Administrator with the information necessary to meet its legal commitments.
The pension benefits you receive from this Plan are paid for through contributions from both you and your employer. The benefits payable to you is determined by the total contributions received on your behalf and, if applicable, your eligible years of employment prior to making contributions to the Plan.
An administrative Fund Office has been retained to carry out the day-to-day operations of the Plan. Heading this office is an Administrator who has been hired to manage the administration and record keeping affairs of the Plan. In addition, the Administrator is there to assist you in answering any questions or completing your pension application. The Administrator also oversees a support staff to assist in the operation of the Plan.
This summarizes the official rules and regulations in the MSPP Plan Text, but it is only a summary. If there are any discrepancies between this document and the Plan Text, the Plan Text will govern. If you wish to review all the details of the Plan, you should review the Plan Text and the Declaration of Trust, both of which are available upon request from the Fund Office. If there are any discrepancies between the English-language and the French-language versions of the Plan Text or the Trust Agreement the English-language versions will prevail.
The Plan registration number is 1085653. Even with its Ontario registration, it is open to members from coast to coast.
If you have any questions about the Pension Plan, please contact the Fund Office.