posted on April 20: Deadline approaches for pension surplus sharing proposal


The deadline is drawing near for members of the McMaster Employees' Pension Plan to cast their vote pertaining to the pension surplus sharing proposal.

The deadline to send in your authorization/ballot is (Monday)April 30 and it
is important if you wish to be included in the sharing agreement to get your vote in by that time, said Les Robb, chair of the McMaster employees' pension surplus committee. “The committee urges you to get it in as soon as possible.”

Robb said more than 3,600 “Yes” votes and 2 “No” votes have been received so far.

He said there is support from more than 80 per cent of those eligible in both the Active and Inactive groups.

“In the last two weeks we have gone from under 70 per cent to over 80 per cent support and we fully expect to reach the 90 per cent goal by the end of the month,” he said.

“Recall that the University is committed to going ahead with the sharing proposal when we reach 90 per cent but it is important to remember also that the University has the option of going ahead with the current level of support and we believe that they will do so when the appropriate committees next meet.”

The McMaster University Faculty Association (MUFA) is trying to track down individuals who have left the University and for whom the phone number on the University database is no longer correct.

An updated list of about 75 names is posted on the MUFA Web site at Robb said it would be appreciated if colleagues look over the list and let MUFA know if they know where any of these “lost souls” may be found.

Confirmation letters will go out starting the week of April 23 to those who have sent in their ballots.

Robb said attempts are being made to contact all individuals who have not returned a ballot.

If you have lost or misplaced your ballot you can call the Koskie Minsky hot line at 1-888-233-2852.

For information about the status of the pension plan, see Surplus Sharing Project – Update on Financial Status of the Pension Plan on the Daily News' Worth Mentioning section.