News

News

  • December 28, 2020 12:57 PM | Anonymous

    Greetings fellow McMaster Retirees,

    We are pleased to inform you that the Board of Governors has approved the following increases to pensions effective January 2021:

    For retirees of the Salaried Pension Plan, there will be a regular pension increase as outlined below:

    • 1.34% for employees who were hired on or after May 1, 2010 and who retired from the University as a Unifor Local 5555 Unit 1 Member;
    • 1.46% for all other retirees

    Members must have been receiving a pension on June 30, 2019 to receive the full pension increase. Those who retired between July 1, 2019 and June 30, 2020 will receive a pro-rated increase. There will be no supplementary increase this year. Details can be found at: https://hr.mcmaster.ca/pensioner-increase-calculation-salaried-pension-plans/
     
    For retirees of the Hourly Pension Plan, unfortunately, there will be no increase.  Details can be found at: https://hr.mcmaster.ca/pensioner-increase-hourly-pension-plan/
     
    -  your MURA Council

  • December 18, 2020 11:00 AM | Anonymous
    The McMaster Institute for Research on Aging (MIRA) is continuing to offering intergenerational programming with students and adults over the age of 65 through Zoom. Winter programming will take place once a week from January to April. 

    The following details and contact information is being forwarded from MIRA.  

    Join us for virtual intergenerational activities this fall and winter!

    ‘Meet My Hamilton’ is the latest addition to a suite of virtual activities offered by MIRA. Its aim: to bring students and older adults from the Hamilton community (or further afield! We welcome non-Hamiltonians, too) together during times of physical distancing. ‘Meet My Hamilton’ will give students and older community members the opportunity to share their interests and life experiences and learn about and support one another. Programming will provide opportunities for casual conversation and to explore various topics and activities together. This program is ideal for anyone looking to engage with new people while staying at home. 

    ‘Meet My Hamilton’ is open to adults over the age of 65 and will be offered through Zoom. You will have the option to participate either through online video conferencing or by phone. MIRA will organize activities and provide an orientation.

    Our fall session of programming is wrapping up in December and we will be launching a winter session in January 2021. Programming will take place once a week from January to April. Programming will be offered from 4:30 to 5:30 PM on Wednesday and Thursday. While we expect most people will want to chat for around 45 minutes to an hour, online programming allows the flexibility to chat a little longer if you’d like as well! If you are already a part of our fall program, don’t worry about reaching out—we’ve got you on our list!

    If interested, contact Allison Dubé by e-mail at warda2@mcmaster.ca or by phone at (905) 536-3717.

  • December 13, 2020 1:16 PM | Anonymous

    Senior College of the University of Toronto is pleased to continue to open its free weekly Wednesday lectures over Zoom to members of other retiree organizations that are members of CURAC. For details see https://mcmaster-retirees.ca/other-events/9333726.

  • December 13, 2020 11:47 AM | Anonymous

    News from CURAC:

    A number of retiree association members have informed the Board of savings achieved by buying insurance from Economical, one of our affinity partners. We are pleased be able to provide you with the opportunity to pass on to your members this special offer:

    Get a quote on car or home insurance through Economical and you will be entered to win a cash prize of $5,000. For details, see the poster below. Contest closes March 31 2021.

    Where provincial laws allow, Economical offers retirees affiliated with CURAC (through their membership in participating CURAC member associations) auto and home insurance at advantageous rates.

    Note that information about CURAC affinity partners is posted on the CURAC website.  


  • November 16, 2020 3:30 PM | Anonymous

    Fall 2020 -- in HTML / in PDF

  • July 28, 2020 4:02 PM | Anonymous

    Canadians are reporting increased stress and anxiety during the COVID-19 pandemic. The City of Hamilton Public Health Services has launched a campaign to support the mental health and well-being of Hamilton residents.
     
    Take it one step at a time. Check in with yourself. Take care of yourself. Support your mental health.

  • 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 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.

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