Why is the university proposing increases in employee contributions to the pension plan?

Short of reducing the minimum guarantee formula, this is the only option that would reach the savings targets required under the province’s solvency relief plan. That being said, the Queen’s Pension Plan (QPP) is primarily a money purchase plan, so increasing the contribution rate would accelerate individual members reaching an account-based pension that exceeds the minimum guarantee, which is a main goal of the plan.

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