[ The following paragraph in dark red was added 2012 Nov 13.
Also a previous incorrect date of December 31 of a year has been
corrected to November 30 in the original text. ]
The 2012-15 YUFA collective agreement has extended PER entitlements for
future retirees and to those retired faculty who received an annual credit
to their PER account in May of 2012. PER will now be available to retirees
for a maximum of 15 years or to age 75, whichever occurs sooner.
When Senior Scholars receive notice that they will be receiving their last
PER allocation in May of a given fiscal year, the funds in the account must
be committed by the end of the following April. However, they are allowed
7 months (until November 30th of that year) to submit claims against any
accumulated balance in the PER accounts. At that time (November 30th of
that year, that is), their PER account is deactivated but the Senior Scholar
would still be entitled to other non-cash privileges such as use of computer
and secretarial services, access to office space, eligibility for travel/
research grants, etc.
If you feel that these procedures have not been followed in the case
of your PER account you should contact Barry Miller for clarification :
Please let ARFL know if any problems cannot be resolved satisfactorily:
Retirees were recently notified of new conditions on the use of
PER funds. ARFL considered this new policy to be excessively restrictive
and some members of the ARFL executive met with the Vice-Preseident
Academic, Patrick Monahan, to request a review of the PER policy.
The Vice-President was sympathetic to our concerns and initiated a review
of the new policy. We are pleased to inform you that the use of PER funds
to attend conferences or for professional dues and membership in learned
societies is now the same as for pre-retirees provided the retiree is a
Senior Scholar who is teaching or is engaged in appropriate scholarly activity.
Reimbursement, Senior Scholars [PDF]
Another significant change is that the expense reports are now approved by
a Dean or Principal instead of the Vice-President Research. We would like
to thank Vice-President Monahan for taking up this issue on behalf of retirees
and for restoring the use of PER funds equivalent to pre-retirees for those
retirees who are active scholars.
Post-Retirement Health Benefits
Here is some information about post retirement benefits and
alternate providers for retired members. This article appeared
in the September 2007 ARFL Newsletter.
Retiree Health Benefits [PDF]
The Financial Services Commission of Ontario (FSCO) tribunal has
rendered its decision on the question of whether concept of a 'shadow pension'
was supported by the language of the York Pension Plan.
The Tribunal found that there was a difference between 'pension payable' and
'pension paid' and, as a result, the University was entitled to continue to
calculate the 'pension payable' (even though it was not being paid) and apply
the adjustment to that amount, only increasing the 'pension paid' when the
'pension payable' exceeded the previous year's 'pension paid'.
In short, the 'shadow pension' will remain.
There may be further hearings on a couple of outstanding issues. However,
no decision on whether these will proceed has been decided at this time.
The grievance concerning the 2006 Cohort has been settled.