News

News

  • June 15, 2020 4:08 PM | Anonymous

    The CURAC Benefits Committee has released the report on its triennial survey of CURAC member associations regarding non-medical benefits available to their retirees 2019/20. The report is available at the CURAC web site.

  • April 27, 2020 2:04 PM | Anonymous

    MURA Members and Friends –

    The Hamilton Council on Aging has released its April 27 version of:

    Staying Connected! Information & Resources for Older Adults to Stay Connected, Safe & Healthy at a Distance

    This is a useful summary of resources for older adults in Hamilton. Much of the information is also relevant to those living in other communities.

    The resources you'll find there cover these topics:

    • sources of online news & information
    • St. Matthew’s House Seniors First Response Team

    • Healthcare

    • Housing insecurity

    • Transportation

    • Shopping

    • Meals on Wheels

    • Education & support

    • Seniors’ abuse & neglect

    • Financial

    • Maintaining social connections

    • Other useful resources for older adults in Hamilton during COVID-19

  • April 23, 2020 3:30 PM | Anonymous

    Spring 2020 -- in HTML / in PDF

  • April 13, 2020 9:37 AM | Anonymous

    MURA Members:

    This message is from CURAC, the College and University Retiree Associations of Canada. MURA is a member of CURAC. Thus children and grandchildren of MURA members qualify for this scholarship program.
     -  Your MURA Council

    To CURAC/ARUCC Member Associations:
     
    Johnson Insurance, a company that partners with CURAC to provide travel insurance to our members, is offering scholarships to students with a parent/guardian or grandparent who is  a CURAC member.
     
    Johnson will award 50 scholarships, valued at $1000 each, to eligible students completing high school in 2020 and starting post-secondary education in the fall of 2020.  Please see the attached poster and visit https://www.johnson.ca/scholarship for more information. Under the eligibility criteria, CURAC qualifies as a Johnson recognized group.
     
    Please pass this message on to your members. It would be great to see a CURAC member’s grandchild win one of these scholarships.
     
    Bev Stefureak
    Chair, Benefits Committee
    College and University Retiree Associations of Canada /Associations de retraités des universités et collèges du Canada (CURAC/ARUCC)

    Johnson Scholarship Program

  • April 10, 2020 3:21 PM | Anonymous

    Greetings Retirees, 

    MURA Council has received a reassuring response from the University to the question “Could there be a disruption or decrease to McMaster retiree defined pension benefit payments as a result of the dramatic impact of COVID-19 on the economy?” The main take away from the response is as follows:

    “Benefits payable from the [Defined Benefit] pension plans are not impacted by the COVID-19 pandemic and its impact on financial markets. The plan assets are held in trust, separate from the University’s general revenues. The plans are, and will continue to be, funded in accordance with applicable legislation. The University’s pensioner payroll, delivered by CIBC Mellon Trust Company, remains fully functional and the University does not anticipate payment delays at this time.”

    The full response from the University, including contact information, is below.
     
    Take good care.
           - your MURA Council
     
    Full University response:

    In light of the ongoing COVID-19 pandemic and its impact on financial markets, it is understandable that those in receipt of a pension benefit may have questions about what effect the present situation will have on their pension. The University continues to closely monitor the current economic impacts of the COVID-19 pandemic, and any impact that this will have on the University and its pension plans.

    McMaster has three defined benefit (DB) pension arrangements:

    • Contributory Pension Plan for Salaried Employees of McMaster University Including McMaster Divinity College 2000 (“Plan 2000”);
    • Contributory Pension Plan for Salaried Employees of McMaster University Including McMaster Divinity College (“Original Plan”); and
    • Contributory Pension Plan for Hourly-Rated Employees of McMaster University Including McMaster Divinity College (“Hourly Plan”).

    Under a DB pension plan, pension benefits are based on a member’s years of service in the pension plan and pensionable earnings, as defined within the applicable pension plan text.

    Benefits payable from the DB pension plans are not impacted by the COVID-19 pandemic and its impact on financial markets. The plan assets are held in trust, separate from the University’s general revenues.  The plans are, and will continue to be, funded in accordance with applicable legislation. The University’s pensioner payroll, delivered by CIBC Mellon Trust Company, remains fully functional and the University does not anticipate payment delays at this time.

    Questions about your pension benefit can be directed to hr.mcmaster@mcmaster.ca.

  • March 26, 2020 10:11 AM | Anonymous

    On March 22, your MURA Council passed a motion that the MURA 2020 annual general meeting, originally scheduled to be held on May 28, 2020, will be postponed until further notice, due to limitations imposed by Covid-19. It will be re-scheduled as soon as is feasible. As stipulated by Article 5.06 of the MURA constitution, the current Council and Executive will remain in office until an AGM can be held.

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