Pensioners
This information pertains to retirees who are receiving a monthly pension benefit from the University of Manitoba Pension Plan (1993)   

Reporting ChangesLife EventsExcess Interest IncreasesReportsFinancial Statements | News & EventsPension Committee and Governance | Glossary of Terms & FAQ's

CIBC Mellon is the custodian, who is responsible for paying your monthly pension benefit.  You will need to keep CIBC Mellon up-to-date on all changes to your address, banking, changing the amount of federal tax withheld, power of attorney, and death of a family member, spouse or beneficiary who is receiving a pension payment.


REPORTING CHANGES TO THE CUSTODIAN (CIBC MELLON)

  • Changes to Banking Information
  • Address Changes

To report banking or address changes, call CIBC Mellon at 1-800-565-0479 or visit the retiree section at
https://www.cibcmellon.com/en/retiree-assistance/index.jsp

or contact the Pension Office and we will send you the forms in the mail. 


LIFE EVENTS

Changes to Marital Status

Please link to: Relationship Breakdown in the Life Events section of 1993 Pension Plan webpage.
If your marriage or common-law relationship has ended, please contact the Pension Office.

Death of a Member or Spouse after Retirement

If you are a retired member receiving a pension from the Plan and your spouse has died, or if you are a surviving spouse or partner, beneficiary or the legal representative for the member’s estate, please contact the Pension Office as soon as possible to report the death of the member, spouse or beneficiary.


EXCESS INTEREST INCREASES

At retirement, if a member elects to have a monthly pension payment from the Plan the member’s total account used to determine the Plan pension and any pension guarantee funding required, if applicable is transferred to the Pensioner Account.  As part of the valuation, the actuary will provide a review of the Pensioner Account’s assets versus the liabilities for all pensioners.  If the actuary determines that the Account’s assets are sufficient to cover a full or partial increase, then increases in pension will be provided at the next April 1.  The actuary advised that due to the continuing shortfall in the Pensioner Account, no increases has been provided since 2001.

 


 

REPORTS


 FINANCIAL STATEMENTS

 


 NEWS & EVENTS

T4s & Tax Updates

Please see the information provided by CIBC Mellon on tax updates.  Please link to:
https://www.cibcmellon.com/en/retiree-assistance/index.jsp

Plan Amendments

Please link to: Pension Plan Amendments in the News & Events section of the 1993 Pension Plan webpage.


PENSION COMMITTEE AND GOVERNANCE

Please link to Plan Governance, in the 1993 Pension Plan webpage.

 


GLOSSARY OF TERMS & FAQ'S

Link to:  Glossary of Terms (1993 Pension Plan)

Link to: FAQ's (1993 Pension Plan)

FAQ's regarding your pension payments, please link to:
https://www.cibcmellon.com/en/retiree-assistance/index.jsp#ir/frequently-asked-questions