Summer 2023
Updates from The Board
The Pension and Benefits Board met in person and online on March 10 for the annual spring meeting. The board reviewed the financial position of the pension plan and received up-to-date reports presented by the actuaries, the Chief Financial Officer, the various sub-committees and the Trustee board.
The actuaries presented the pension plan funded status update at December 31, 2022 which reported an estimated wind-up funded ratio of 116.5%, and an estimated going concern ratio of 127.9%. The going concern position has remained stable over the past year and the solvency position of the plan continued to improve primarily due to a decrease in liabilities resulting from an increase in solvency discount rates.
As a result of the improved solvency funded status, we are pleased to report that the 2023 General Assembly adopted the board’s recommendation to provide a cost-of-living increase of 2% to retirees who have been in receipt of pension payments for at least one year, effective January 1, 2024.
To access the board’s full report and recommendations to the 2022 General Assembly, visit the PCBiz website at: assembly.presbyterian.ca/#/committee
Features Available on My Sun Life
Navigating the My Sun Life’s webpage has never been easier! With modern, helpful features including finding local health-care providers based on specialty, distance, pricing and more.
1. Start by logging in to your My Sun Life account on www.mysunlife.ca
2. Click the “Search Now” button on the pop up window shown above
3. You will be directed to your Lumino Provider Search page, where you will have the option to search for a provider by type and location using the drop down menus
4. A list of health-care providers, along with a map of the area searched will appear
5. By clicking on a provider, information on the provider will be available, such as: location, pricing, coverage, ratings, availability, ways to book and more!
Staying Active Throughout the Years
Starting or maintaining a regular exercise routine can be a challenge at any age—and it doesn’t get easier as we age. Try to think about activities that you enjoy and how you can incorporate them into an exercise routine, while keeping your body strong and mind sharp!
- Go for a stroll and take photographs of your favourite spots in town!
- Play fetch with a dog! If you don’t have a dog, offer to take a neighbours dog for a walk, or volunteer at an animal shelter or rescue group!
- Window shop while walking laps at the mall with your friends!
- Meet new people at a local yoga class or check out different options at your local recreation centre
Is Your Contact Information Up To Date?
To keep your records updated, we ask that you contact us with any updates or changes to your information. This includes:
- Changes to your address, phone number or email
- Life events that include marital status, birth, adoption or death
- A second contact or Power of Attorney
- Any changes that may include your beneficiaries
Contact Us
The Presbyterian Church in Canada
50 Wynford Dr
Toronto ON M3C 1J7
Phone: 1-800-619-7301
www.presbyterian.ca
pension [at] presbyterian [dot] ca
Sun Life Customer Care Centre
Phone: 1-800-361-6212
www.mysunlife.ca
App: MySunLife
In Memory Of…
| 2022 | 2022 | 2023 | 2023 |
|---|---|---|---|
|
Mrs. Jean Cassidy The Rev. Bertus de Bruijn The Rev. Noble Dean Ms. Lois Duffy Mrs. Mary E. Fenton Mrs. Karin R. Finkbeiner The Rev. Ian C. Glass The Rev. L. Dale Gray The Rev. John Herman The Rev. Keith P. Humphrey Mrs. Eleanor A. Johnson The Rev. Robert W. Johnson Mrs. Dorothy Jones The Rev. James Beverley Kay |
Ms. Kathleen M. Lockwood Mrs. N. Jane Manning The Rev. Dr. Alexander M. McCombie Mrs. Clarabeth McIntosh The Rev. David G. Morton The Rev. Samuel M. Priestley Mrs. M. Louise Raeburn-Gibson The Rev. Charles A. Scott Mrs. M. Fern Simpson Mrs. Hazel S. Smith The Rev. Kathryn A. Strachan The Rev. David B. Vincent The Rev. Nan-Chieh Wang The Rev. Mary I. Whitson |
The Rev. Dr. Karen Sue Bach The Rev. John P. Bigham The Rev. Dr. Everett J. Briard Ms. Pauline P. Brown Mrs. Lois Caldwell Mrs. Rona Cronk The Rev. Dr. Robert P. Fourney The Rev. Kalman A. Gondocz The Rev. Gordon Gilmore Hastings Mrs. Marion N. Johnston The Rev. Sung Jae Lee Mrs. Jean E. Lemoine The Rev. Mary Elizabeth Marsh Mrs. Ruth J. McCarten |
The Rev. William James McClure The Rev. Peter D. McKague The Rev. Ronald D. Mulchey Mr. Hee Min Park The Rev. George James Perrie The Rev. Charles Gordon D. Reid The Rev. Frederick H. Rennie The Rev. Linda E. Robinson Mrs. Christine G. Self The Rev. C. Rodger Talbot The Rev. Dr. James A. Thomson Mrs. Rowena B. Van Seters Mrs. Joanne M. Walter Mrs. Edwina C. Wilson |
About this newsletter
This newsletter provides summary information about the Presbyterian Church in Canada pension and benefits plans. It is not intended to be complete or comprehensive,or to provide legal or medical advice. If there are any discrepancies between this bulletin and the wording in the legal documents that govern the plans, the legal documents will apply in all cases.