Under the Workplace Safety and Insurance Board Employees’ Pension Plan (the “Plan”), members who are absent from work without earnings due to a strike or lockout have the option to purchase pensionable service for the duration of their absence.
As a result, bargaining unit staff impacted by the WSIB labor disruption will be able to purchase pensionable service for the time they were away from work.
There’s no need to request a quote to purchase this period of service, as those affected will be sent a purchase quote by mail from the WISE Trust Pension Contact Centre. This quote will detail the cost and available payment options.
Please stay tuned for more details.