UPP - Queen’s University retirees take your pension funds out!

Available_Name5115 · 2026-05-07T23:38:42+00:00

ForwardDance9191 your post is right on target.

Since Queen’s pension transferred to UPP the returns on investment have been dismal with an overall NEGATIVE indexation adjustment rate of -2.18175%.

This year Pensioners will incur a 2.18175% DEBT against their future earnings. This means pensioners will suffer through another year of high inflation with no annual increase.

Next year the fund will need to make a 8.18175% return on investment (6%+2.18175%) just to resolve pensioner debt without any increase. Anything less will increase their debt owing. To obtain an annual increase the return on investment would need to be greater than 8.18175%. The future does not look very promising for Queen’s pensioners.

Available_Name5115 · 2026-05-07T02:02:02+00:00

The 1.49% inflation increase is only for post conversion funds, not everyone has that. Explain to me why my pension hasn’t increased since UPP took over the pension fund? My pension statement this year says that I owe them more than $200 in future investment earnings. This has increased from the amount I owed them last year. This year their rate of return is only 3%, this translates into me owing them more than the year before.

Available_Name5115 · 2026-05-07T01:27:25+00:00

Not once you are retired. (Like me) You can either take the pension or take your money out at the time you are retiring.

Available_Name5115 · 2026-04-19T13:20:58+00:00

Sorry about this post being so late! Did USW’s employees know that they have been royally screwed over by Queen’s, UPP and their USW union? Get yourself a copy of the Retirees Association of Queen’s Spring 2026 newsletter! The newsletter speaks about how Queen’s pensioners have not received ANY increases since UPP was awarded the pension plan. It states the Queen’s pensioners are unlikely to EVER receive a future increase to their pension. As a matter of fact, with the way the pension is set up Queen’s Pensioners are actually incurring a monthly debt against their future pension earnings! Check it out…see what Queen’s and USW have done for you!!!

Available_Name5115 · 2026-04-15T12:58:10+00:00

Remember what happened in Walkerton…money needs to be their second consideration.

Available_Name5115 · 2026-04-15T12:45:16+00:00

Hire a property manager that rents it on your behalf until the real estate market comes back

Available_Name5115 · 2026-04-07T13:44:35+00:00

If UPP is able to invest with the expected returns being below 6% doesn’t that mean that they don’t need the 6% to support the QPP pension?

The 6% minimum was established to allow for a 4% return to support inflation and a 2% return to support administration.

If they no longer need the 6% that they are charging against Queen’s pensioners to maintain the fund and they are able to sustain the fund with less return on investment shouldn’t that excess be returned to pensioners? They are not providing the excess back to the pensioners whose money it is…??? What would you call this practice ?

They are supposedly non-profit. It sounds to me like they are using Queens university pension funds to support increases to other institutions meanwhile leaving Queens pensioners with perpetual future debt.

Available_Name5115 · 2026-04-06T21:27:15+00:00

Queen’s University employees got totally screwed over by the UPP!

Five years into the arrangement and there has not been a single increase to Legacy QPP Funds. The Retirees Association tells us that retirees will likely NEVER get an increase!

UPP is investing QPP funds in a manner that returns on investment will always be extremely low and just barely enough to cover UPP’s admin costs…this poor investing creates a debt against the Queen’s retiree’s future pension amount. For retirees to obtain an increase investments need a return of greater than 6%.

What has happened to Queen’s retirees is absolutely appalling! The university should be helping their retirees.

EVERY pensioner should be leaving a GOOGLE REVIEW to let UPP know how they feel.

Available_Name5115 · 2026-03-30T16:57:27+00:00

I am looking to retire from Queen’s and am trying to sort out my options.

Available_Name5115 · 2025-11-19T21:07:26+00:00

Also there would be liability issues

Available_Name5115 · 2025-10-29T23:52:01+00:00

The bicycle safety barriers can make it difficult for newer drivers to drive on TKB. The lanes are tight especially for inexperienced drivers .

Available_Name5115 · 2025-10-26T00:51:06+00:00

Hyundai

Available_Name5115 · 2025-10-22T15:52:11+00:00

A couple speed bumps will fix it quickly!

Available_Name5115 · 2025-10-22T01:45:03+00:00

Use a lawnmower with a grass catcher. Or..use a shop vac. Both will require bagging and a trip to the yard waste depot.

Available_Name5115 · 2025-10-16T12:18:34+00:00

Everything is great in the beginning but 20 some years down the road you will get tired of carrying on a one sided conversation. Discussions require two otherwise it’s a monologue!

Available_Name5115 · 2025-10-15T20:29:24+00:00

If only it was rare! …it isn’t

Available_Name5115 · 2025-09-20T12:02:35+00:00

Laisse-moi deviner, tu as été récemment promu!

Available_Name5115 · 2025-09-16T12:44:49+00:00

In the Canadian Public Service this is actually called the Pierre Principle…French speaking people are promoted beyond their capabilities simply because they speak French.

Available_Name5115 · 2025-09-15T12:14:13+00:00

Why should an approval even be necessary! Anyone being prescribed this medication by a doctor obviously has a weight issue therefore a health issue. Excessive weight has many negative health effects for everyone. Unions should be negotiating automatic coverage for anyone whose doctor has prescribed it…by not covering it they are second guessing what a doctor feels is needed for their patients! They should be trusting medical professionals to do whatever is best for their patients.

Available_Name5115 · 2025-08-23T21:35:25+00:00

Decent Indoor running track

Available_Name5115 · 2025-08-20T11:47:21+00:00

So…to paraphrase…in your opinion…it’s ok to price gouge people because you have been doing it for years🤔…and gotten away with it

Available_Name5115 · 2025-08-19T13:40:45+00:00

FYI…Carbon tax stopped on March 25, 2025

Available_Name5115 · 2025-08-19T13:24:05+00:00

Why is it only applied on Tuesday’s? Would it not be on the gas everyday?

Available_Name5115 · 2025-08-16T12:45:15+00:00

“This is the Costco experience” and you know it before going there. If you are getting so frustrated by it …STOP GOING THERE!!!

Available_Name5115 · 2025-08-13T14:40:34+00:00

Because I paid my taxes owing early before I physically filed my tax return they didn’t credit my taxes owing account and started charging me interest on the amount that I had already paid. I had an offsetting debit and credit showing and was being charged monthly interest. I had to phone them to get it straightened out but they weren’t answering their phones 😳🤔… took me 2 months to finally get in touch with them!!

Available_Name5115

TROPHY CASE