As you may have heard or read, Air Canada (AC) is planning to establish AC Life Insurance in 2019 and to annuitize pensions for AC plan members slowly by buying blocks of annuities over 10 to 15 years beginning in the second half of 2019. AC’s explanation of their plan is on the home page […]
Continue readingPension links
CPP Canadian Pension Plan: https://www.hrsdc.gc.ca/eng/isp/cpp/cpptoc.shtml OAS Old Age Security: https://www.servicecanada.gc.ca/eng/sc/oas/pension/oldagesecurity.shtml RRQ: Régie des rentes du Quebec: https://www.rrq.gouv.qc.ca/fr Other Website and Info Equifax Canada – Consumer Information Center If you would like to obtain a copy of your credit report immediately, for a fee, you can receive real-time on-line access to your personal credit report, credit […]
Continue readingMERCER OneView: For Pension Estimates and other Pension Plan Information
Pension estimates can be done thru the Aeronet portalAeronet address – https://acaeronet.aircanada.ca Follow these steps: Sign in to the Aeronet Select My Hr from the tool bar at the top of the page On the left side of the page in the My Pension section, select Information and Tools Select Define Benefit to do the […]
Continue readingA brief explanation of your AC CUPE and CAIL CUPE pension plans:
Air Canada flight attendants automatically become members of the pension plan when they begin their employment with Air Canada. For former CAIL employees the plan was not mandatory until 2007. The AC pension plans are defined benefit plans that provide the pension plan member with a set pension benefit when they retire from the company. […]
Continue readingDefined Contribution Plan Contributions
Nathalie Henderson, the Senior Director, AC Pensions, recently wrote the Component President with several important observations of CUPE’s Hybrid Defined Contribution (DC) pension plan members (all flight attendants hired after November 7, 2011 are in the Hybrid plan). We thought it would be appropriate to pass this information along to our DC plan members. The […]
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