| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 59.04 |
| Liaison | Nancy Wilkin |
| Submission Date | Sept. 14, 2010 |
| Executive Letter | Download |
Royal Roads University
Tier2-3: Socially Responsible Retirement Plan
| Status | Score | Responsible Party |
|---|---|---|
|
0.25 / 0.25 |
Steve
Grundy Vice-President Academic & Provost Royal Roads University |
Does the institution offer a socially responsible investment option for retirement plans?:
A brief description of the socially responsible investment option for retirement plans:
Royal Roads University participates in two public pension plans, the College Pension Plan and the Municipal Pension Plan. Participation in the College pension plan is mandatory for ‘senior
administration/management’ employees and all academic staff. The Municipal Pension Plan is mandatory for all other eligible staff (i.e. those not covered by the College Plan, working continuously and full-time or those appointed to a permanent position). Employee contributions are handled through automatic payroll deduction.
College Pension Plan Contributions:
Employee: 8.71% up to and including YMPE then 9.46% after YMPE
Employer: 8.71% up to and including YMPE, then 9.46% after YMPE
(YMPE = Year’s Maximum Pensionable Earnings under the CPP - changes each year)
Contributions commence upon appointment
Municipal Pension Plan Contributions:
Employee: 6.99% up to and including YMPE, then 8.49% after YMPE
Employer: 7.08% - July/10 = 7.11%
(YMPE = Year’s Maximum Pensionable Earnings under the CPP - changes each year)
Contributions commence following completion of the employee’s probationary period of employment (if regular employee), or completion of 1 year full-time employment (if auxiliary/temporary employee)
The website URL where information about the program, policy, or practice is available:
Data source(s) and notes about the submission:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.