News

News

THANKSGIVING DAY OFFICE CLOSURE

October 2017—The Winnipeg Civic Employees' Benefits Program office will be closed for Thanksgiving Day on Monday, October 9, 2017. Regular hours will resume at 8:30 a.m. on Tuesday, October 10, 2017.


2017 COLA FOR CIVIC PLAN PENSIONERS

June 2017—Effective the first pay period in July 2017, pensioners of The Winnipeg Civic Employees' Pension Plan will receive a 1.28% Cost-of-Living Adjustment (COLA) on their pensions.

This increase is based on 80% of Canada's Consumer Price Index (CPI), which was 1.6% for the one-year period ended March 31, 2017 (the Plan's measurement date).

Final preparations are underway for the mail-out of individual statements (of pension payment and deduction details) to each of the Program's pensioners. These statements will be mailed the week of July 4, following implementation of the COLA increase.

The level of COLA granted in a particular year is tied to the funded status of The Winnipeg Civic Employees' Benefits Program. The level of funding within the Program which supports COLA is expected to vary over time, and will be affected by both future Program experience (especially investment experience) and future contributions which support COLA. Currently, contributions are expected to fund COLAs related to pensions derived from service on/after September 1, 2011 at a rate equal to 50% of the annual percentage change in CPI. Accordingly, as has been communicated previously, the COLA rate is expected to gradually decline over time from 80% to 50% of the annual percentage increase in CPI.

We are invested in helping you. If you have any questions about your COLA, please contact us.


T4A SLIPS HAVE BEEN MAILED

March 2017—T4A Statement of Pension, Retirement, Annuity, and Other Income information slips have been mailed to all pensioners and those who received disability benefits in 2016. If you have not received your 2016 T4A, please contact us.


2016 COLA FOR CIVIC PLAN PENSIONERS

July 2016—Effective the first pay period in July 2016, pensioners of The Winnipeg Civic Employees' Pension Plan will receive a 1.04% Cost-of-Living Adjustment (COLA) on their pensions.

This increase is based on 80% of Canada's Consumer Price Index (CPI), which was 1.3% for the one-year period ended March 31, 2016 (the Plan's measurement date).

Final preparations are underway for the mail-out of individual statements (of pension payment and deduction details) to each of the Program's pensioners. These statements will be mailed the week of July 4, following implementation of the COLA increase. Please be aware that a disruption in postal services may delay delivery of these statements.

The level of COLA granted in a particular year is tied to the funded status of The Winnipeg Civic Employees' Benefits Program. The level of funding within the Program which supports COLA is expected to vary over time, and will be affected by both future Program experience (especially investment experience) and future contributions which support COLA. Currently, contributions are expected to fund COLAs related to pensions derived from service on/after September 1, 2011 at a rate equal to 50% of the annual percentage change in CPI. Accordingly, as has been communicated previously, the COLA rate is expected to gradually decline over time from 80% to 50% of the annual percentage increase in CPI.

We are invested in helping you. If you have any questions about your COLA, please contact us.


ANNUAL STATEMENTS COMING SOON!

May 2016—Active Members: your Annual Statement of Benefits will be delivered soon.

Final preparations are underway for the mail-out of over 9,000 statements to active Members (i.e., employees and deferred Members). Statements will be mailed before the end of May.

Your Annual Statement summarizes important details about your pension, including how much pension you have earned, your possible retirement dates, and your designated beneficiaries.

Once you have received your Annual Statement, you may wish to visit our Online Pension Estimator. This tool will project your pension for you on-the-spot using personal information you enter from your Annual Statement.

We are invested in helping you. If you have any questions about your Annual Statement of Benefits, please contact us.

OFFICE HOURS: Monday to Friday, 8:30 a.m. to 4:30 p.m.
TELEPHONE: 204-986-2516


T4A SLIPS HAVE BEEN MAILED

February 2016—T4A Statement of Pension, Retirement, Annuity, and Other Income information slips have been mailed to all pensioners and those who received disability benefits in 2015. If you have not received your 2015 T4A, please contact us.

2014 ANNUAL REPORT NOW AVAILABLE

November 2015—Our 2014 Annual Report is now available for download in PDF format. This report highlights the activity of the Board of Trustees as well as key operational activities of The Winnipeg Civic Employees' Benefits Program for the year ended December 31, 2014. This report also contains audited financial statements for the Pension Plan and Disability Plan.

View the 2014 Annual Report now.

INVESTMENT PORTFOLIO EARNS DOUBLE-DIGIT RETURN FOR 2014

February 2015—A strong stock market and improved bond market resulted in another year of double-digit returns for The Winnipeg Civic Employees’ Benefits Program.

The Program’s investment portfolio achieved a rate of return of 11.0% in 2014.

This is the third consecutive year of strong positive returns since the negative returns experienced in 2011. The Program’s four-year and ten-year annualized rates of return as at December 31, 2014 are 9.4% and 7.2%, respectively.

An actuarial valuation of the Program as at December 31, 2014, which will determine the overall funded status, is currently underway.

Results of the valuation will be published in the Program’s 2014 Annual Report which will become available on this website later in the year.


ESTIMATE YOUR PENSION ONLINE

November 2014—Our new online Pension Estimator tool is now available.

This easy-to-use tool will estimate your pension in real-time using personal pension information you enter from your Annual Statement of Benefits.

If you have your Annual Statement of Benefits handy, you can try the Pension Estimator now.


RECRUITMENT OF MEMBER TRUSTEE

June 2014—The Winnipeg Civic Employees’ Pension Plan is governed under a jointly-trusteed structure according to the terms and conditions of the Pension Trust Agreement entered into by the City of Winnipeg and the Signatory Unions. The 14-member Board of Trustees of The Winnipeg Civic Employees’ Benefits Program (Pension Fund) is appointed equally by the City of Winnipeg and the Signatory Unions. Of the seven Member Trustees (appointed by Signatory Unions), one Member Trustee is appointed on behalf of the Plan’s pensioners, survivor beneficiaries and deferred members (collectively referred to here as Retirees).

Notice of Expiration of Appointment

Rick Borland has served on The Board of Trustees of The Winnipeg Civic Employees’ Benefits Program (Pension Fund) as the Member Trustee on behalf of Retirees, since January 1, 2007. Mr. Borland’s current term of office will expire on December 31, 2014.

Application Process

Any Retiree who wishes to be considered for appointment to The Board of Trustees of the Winnipeg Civic Employees’ Benefits Program (Pension Fund), for a four-year term beginning January 1, 2015, must follow the application process set out in the Pension Trust Agreement.

Information regarding the application process was provided in a Notice to Retirees, which was mailed to the Plan’s pensioners, survivor beneficiaries and deferred members at the end of June 2014.

If you have any questions relative to this matter, please contact:
Amanda Jeninga
Manager of Communications
204-986-6118


INVESTMENT PORTFOLIO POSTS 19.8% RETURN FOR 2013

April 2014—The Winnipeg Civic Employees’ Benefits Program’s investment portfolio achieved a rate of return of 19.8% in 2013.

This places the portfolio well above the median Canadian pension fund rate of return of 13.8%, ranking the Program in the top 10% of large pension plans in the country for the year 2013.

Positive returns in 2012 and 2013 continue to offset negative returns experienced in 2011. The Program’s four-year and ten-year annualized rates of return increased again in 2013 to 9.3% and 7.1% respectively.

An actuarial valuation of the Program as at December 31, 2013, which will provide more detailed results regarding the overall funded status of the Program, is currently underway.

Results of the valuation will be published in the Program’s 2013 Annual Report which will be available on this website. Anticipated publication date is August 2014.


ONLINE PENSION ESTIMATOR COMING SOON!

April 2014—This easy-to-use online tool will estimate your pension in real-time using personal pension information you enter from your Annual Statement of Benefits.

It's packed with great features:

  • See how different scenarios—such as retiring early or receiving a salary increase—can affect your basic biweekly pension amount
  • View results for all the optional forms of pension and choose the one that is right for you
  • Customize your results by adjusting your pensionable earnings for inflation and selecting your own retirement date

A notice will be published to this news page when the Pension Estimator goes live.


REMINDER: Scheduled Pension Contribution Rate Increase

December 2013—As approved by the City of Winnipeg and the Signatory Unions (and previously communicated in July 2011), the rate of contribution to The Winnipeg Civic Employees’ Benefits Program (the “Program”) will increase an average of 0.5% of pensionable earnings effective the first pay period in January 2014. This increase is the fourth and final in a series of increases phased in from 2011 to 2014.

Your pension contribution rate, effective the first pay period of 2014, will be as follows:

  • 9.5% on pensionable earnings up to the maximum pensionable earnings under the Canada Pension Plan (CPP); and
  • 11.8% on pensionable earnings above the maximum pensionable earnings under the CPP.

For the Program as a whole, this will result in average contribution rates of 10.0% of pensionable earnings for both employees and employers.

Here are some examples of how the increased contribution rate will affect Members at various earnings levels (based on the 2014 maximum pensionable earnings under CPP of $52,500).


NEW SCHEDULE FOR PENSIONER BLUE CROSS DEDUCTIONS

December 2013—For your convenience, The Winnipeg Civic Employees’ Benefits Program has arranged for Blue Cross premiums to be deducted from pension payments 26 times per year (biweekly) rather than two times per month. This new schedule will start in 2014.

New rates

In September, Manitoba Blue Cross mailed out rate-change notices to pensioners who have Manitoba Blue Cross coverage.

The new rates are effective January 1, 2014, with the first deduction occurring in December.