Pension 101
Who are our Members?
You are one of almost 10,000 members, made up of current and former employees of WSIB, Infrastructure Health and Safety Association (IHSA), Public Services Health and Safety Association (PSHSA), Workplace Safety and Prevention Services (WSPS), Workplace Safety North (WSN), and WISE Trust, and the beneficiaries of those employees.
What's on this page
- Who are our Members?
- How to join
- What is a defined benefit pension?
- Building your pension
- Retirement
- Life and career events
- My Pension Resource
- Survivor Benefits
- Pension terminology
How to join
If you’re a permanent, full-time employee, you’re automatically enrolled into the Plan as of your first day of permanent employment. You will remain a member of the Plan for as long as you’re an employee, even if you become part-time or change to a temporary employment status.
Not a permanent full-time employee
Learn about joining options under Building your pension.
What is a defined benefit pension?
The Plan is a defined benefit pension plan, which means you receive a predictable, monthly pension upon your retirement, for the rest of your life. WISE Trust invests the pension assets on your behalf.
Pension 101
What you need to know about your pension.
Answers to some common questions
Here are answers to questions we hear a lot.
Members ask:
I moved. How do I update my address?
Answer
If you’re an active member, update your address with your employer. If you are a retired or deferred member, you can update it on My Pension Resource > Profile > Personal Information.
My Pension Resource
Members ask:
Can I transfer my pension from my previous employer?
Answer
You may be able to transfer the value of your pension earned in a former employer’s pension plan.
Transferring your pension
Members ask:
Can I join WISE Trust if I am a temporary employee?
Answer
You may choose to join after 24 months of continuous employment provided you have worked at least 700 hours or earned 35 per cent of the Year’s Maximum Pensionable Earnings (YMPE) in each two consecutive calendar years. Enrollment is not automatic as a temporary employee.
How to join