Orchestra Digest: March 8

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This week: Stalled talks in San Francisco, a new symphony lights up Toronto, more from Minnesota, and big changes in Jacksonville. Here are stories we're following, in the news and on the web....
 

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Modifications à la pension 
de retraite et lueur d’espoir 


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Francine Schutzman / 
présidente, section locale 180

 


Je crois que tous ceux parmi vous qui ont des droits acquis à la Caisse de retraite des musiciens du Canada (CRM Canada) ont reçu des lettres les avisant de changements apportés à la Caisse. J’espère que vous les avez bien lues, car il s’agit de changements qui auront un effet direct sur vos rentes de retraite. Le principal changement c’est qu’à compter du 1er janvier 2013, 50 % des contributions versées en votre nom par vos employeurs serviront à financer vos futures prestations et 50 % serviront à soutenir la caisse. Ces changements ont été apportés à la suite de modifications dans les exigences provinciales en matière de financement.

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de retraite et lueur d’espoir 


Pension changes and a small measure of hope

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By Francine Schutzman / President, Local 180 and OCSM Past President

 

I believe that all of you who are vested in the Musicians’ Pension Fund of Canada have received letters telling of you of changes in the Fund. I hope that you read those letters, since your pensions will be affected. The biggest change is that, starting January 1, 2013, 50 per cent of the contributions that are made by employers in your name will go toward funding your benefit, and 50 per cent will go toward supporting the cost of the benefit being accrued from January 1, 2013 onwards. The changes were made in order to comply with recent changes in provincial funding requirements.

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