Article 36 : pension fund

36.1 Barring any agreement to the contrary between the parties, the University maintains in force the University of Ottawa Retirement Plan and the benefits included therein for the duration of the Agreement.

36.2 The University will engage to maintain one (1) position for a member of the Bargaining Unit on the Pension Plan Committee. The incumbent of the position is to be designated by the institute.

36.3 As of January 1st, 2020, the contribution rates for members of the University of Ottawa Pension Plan will be increased or decreased to maintain a current service cost sharing at 50/50. The new rates will become effective on January 01 of the year following the submission of the actuarial valuation of the pension plan.