The Teamsters and Toronto & Vicinity Ready-Mix Producers' Pension Plan (“Pension Plan”) has been established as a defined benefit pension plan for its eligible employees of participating employers to provide assistance in achieving financial security during your retirement years. A Board of Trustees is your Plan Administrator. As the Plan Administrator, the Board is responsible for the overall operations, administration, and governance of the Pension Plan. The Board of Trustees is comprised of Employee Trustees who have been appointed by the Union – Teamsters Local Union 230, and Employer Trustees that have appointed by the participating employers.
The Teamsters and Toronto & Vicinity Ready-Mix Producers' Pension Plan is a Defined Benefit Pension Plan (see What’s a defined benefit plan?). The provisions are governed by both the plan documents and government pension legislation, the Financial Services Regulatory Authority (FSRA) of Ontario. The provisions are governed by the Plan Text and provincial government pension legislation overseen by the Financial Services Regulatory Authority (FSRA) of Ontario.
Your benefit upon retirement is based on a defined formula based on the amount of contributions and credited service to the plan.
Please contact our office for the appropriate forms should you wish to retire or have other needs.
You can submit your forms via email or fax, but they must have a wet (ink) signature to be processed. Electronic or digital signatures are not accepted at this time.
Book an appointment online or in-person with a Pension Analyst for information about your pension benefit and assistance completing your pension application.
Your eligibility for membership in the Pension Plan is determined by an agreement between the Union and your Employer. This is typically called a Collective Bargaining Agreement (CBA).
You can request access to your CBA through your union or your employer.
You become a Member of the Plan on the first day of the month that contributions are made on your behalf by an Employer, provided you:
To enroll in the Pension Plan, you must complete an Application of Pension Plan membership and return to the Plan Administration Office once you have satisfied the above requirements.
The required pension contributions from your Employer are specified in the agreement between your Employer and the Union.
Voluntary contributions or employee contributions are not permitted.
The Member Portal is an online tool where you can:
Coming soon.
Have a question about your pension plan? Check out our Answers Hub to learn more about it.
Pension Contributions cease to remitted on your behalf when one of the following situations occur:
If you should pass away while you are a member of the Pension Plan, your spouse, designated beneficiary or estate will receive your pension death benefit. The amount of this benefit is the same as...
