History in the Making – York’s Pension Plan. Winter 2013. Purpose of this Seminar. Pension plan text Plan amendments Historical rates of return Historic expectations End of mandatory retirement The 1990s vs. 2000s. Pension plan text.
May 1, 1989 – include the ability for those on revocable or irrevocable reduced load to maintain full service
September 1, 1991 – increase the dependent child benefit to $300 per month from $200
January 1, 1992 – incorporate changes required by amendments to the Income Tax Act which included Section 13 of the Plan that describes the Adjustments to Pensions
October 1, 1993 – July 1, 1999 – a number of early retirement windows
We have no way of knowing that the future holds.
The Plan is affected by:
- this also affects the four year moving average