Thursday, May 15, 2025
Earlier today, the Treasury Board Secretariat and the Ontario Pension Board (OPB) jointly announced an increase to contribution amounts to the Public Service Pension Plan (PSPP or the Plan, for short) for both employers and Plan members.
This increase is a contribution towards your retirement, but it is still money out of your paycheque at a time when the cost of living is increasing and the economic climate is uncertain.
While pension contributions are not a negotiated part of our collective agreements, it is just another reminder of why it is so important for AMAPCEO members to stand together for fair contracts that include respectable wage increases during current and upcoming rounds of collective bargaining.
The Ontario Public Service (OPS) Bargaining Team, currently at the negotiating table, has told the OPS Employer that they will be seeking wage increases that include an offset to these significant rate hikes.
We encourage members in the OPS to continue to support your Bargaining Team by participating in collective actions, such as displaying posters and wearing blue every Wednesday. Keep your eyes on your inbox and amapceo.ca/opsbargaining for upcoming dates.
AMAPCEO members in other units should continue to monitor their inboxes for information about upcoming collective bargaining, including links to surveys and announcements of Bargaining Team members.
The PSPP is sole sponsored by the government of Ontario and administered by the OPB. PSPP’s assets are managed by the Investment Management Corporation of Ontario (IMCO), whose investment performance over the last seven years has been more than disappointing. Other large public sector pension plans in Ontario have had far more positive returns.
Our members’ pensions are important. The PSPP is essential to the employers’ ability to attract and retain talent. It must remain sustainable to protect members’ retirements, but not solely through increased contribution rates.
Simply put, IMCO’s investment performance must improve, and our wages must increase to reflect this reduction in take-home pay. That’s what we’re going to be standing together for
The PSPP is the pension plan for AMAPCEO members in:
- Financial Services Regulatory Authority of Ontario
- Information and Privacy Commissioner of Ontario
- Invest Ontario
- Ontario Arts Council
- Ontario Health
- Office of the Ontario Ombudsman
- Ontario Public Service
- Public Health Ontario (for employees divested in 2011 or earlier)
- Supply Ontario