Pension Redesign – Municipal Pension Plan proposed changes

UPDATE: The MPP redesign engagement period ended on September 23, 2020. If you would like to learn about the proposed changes to the Municipal Pension Plan, please visit mppredesign.ca.

You can learn more about the decision making process at www.mppredesign.ca/decision-making.

Read HEU's newsletters on the MPP changes

Take time to learn about proposed changes to the Municipal Pension Plan - September 30, 2020

Improving fairness and equity for HEU members covered by the Municipal Pension Plan - September 14, 2020 (reissued September 28, 2020)


Posted Septemebr 14, 2020

Changes are coming to the Municipal Pension Plan that will improve post-retirement security for tens of thousands of HEU members.

The Municipal Pension Plan partners have reached an agreement in principle on changes to the pension plan. These changes would come into effect on January 1, 2022, and would only apply to pension accruals after that date.

HEU has reviewed the proposed changes and determined that the vast majority of members will benefit from them. This is because the changes will provide higher lifetime pensions for the majority of HEU members through the elimination of the two-tiered accrual formula currently in place.

If approved by the MPP Board of Trustees in April 2021, the changes will be effective on January 1, 2022. Benefits earned up until that date are available under the current rules.

It’s important that you understand how these changes will benefit you in your retirement.

Your first step should be to visit the Plan Partners website at mppredesign.ca. There you will find a pension calculator so you can see exactly how the changes will impact you. Plus, there’s plenty of background information on the changes.

Your pension is a paycheque for life. Please take the time to learn about how these changes will benefit you and your family.

Read HEU's newsletters on the MPP changes:

Take time to learn about proposed changes to the Municipal Pension Plan - September 30, 2020

Improving fairness and equity for HEU members covered by the Municipal Pension Plan - September 14, 2020 (reissued September 28, 2020)