Member Benefits

Canadian Commercial Workers Pension Plan (CCWIPP)

3rd Floor,
880 Portage Ave
Winnipeg, MB  R3G 0P1

Fax: 204-982-6080
Web page: www.ccwipp.ca
Call toll free:  1-800-665-1223

CCWIPP - Protecting your Future

The Canadian Commercial Workers Pension Plan (CCWIPP) is a pension plan that many UFCW Local 1400 members belong to. The following is an excerpt from a message to all members who are in this plan from National Director Michael Fraser.

CCWIPP was founded on the vision of UFCW’s first National Director, Clifford Evans. He foresaw the need for an independent pension plan that employers couldn’t misuse as a source of corporate funds that, instead, should be used to enhance member benefits.

The founding of CCWIPP was a direct result of actions like those of the now-disgraced capitalist Conrad Black, who made off with a pension “surplus” when he controlled the Dominion store chain. In fact, because CCWIPP had then recently been established as the registered pension plan at Dominion stores that employed UFCW Canada members, theirs was the only pension plan untouched by Black’s manipulations.

That’s one of the great things about CCWIPP - if assets grow beyond expectations, the “surplus” is rolled back into member benefits. As the plan continues to grow (currently at well over $1.2 billion), your pension will grow with it.

Recent reports have suggested that numerous pension plans are having “solvency” shortfalls. While this may be true for some pension plans, that is simply not the case with CCWIPP.

Pension regulators have recently completed a two-and-a-half year examination of the plan, reviewing virtually all of its investments made since inception. The report concluded that while some minor administrative procedures may require updating, absolutely no instances exist (or ever have existed) to cause concern to any UFCW Canada members with regard to the ongoing viability of CCWIPP.

I am proud to sit as one of the trustees of your pension plan, along with four other union representatives and five employer nominees. Together, we work to ensure the pension plan achieves the highest return on investment and delivers the greatest benefits for its members’ futures. CCWIPP is your pension plan, and one that will provide you with economic security in your retirement – security which you, as a member of UFCW Canada, so justly deserve.

CCWIPP Facts and Figures

 

 



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Saskatoon Office

1526 Fletcher Road Saskatoon, SK S7M 5M1

phone: 306.384.5787

fax: 306.978.0790

toll free: 1.800.274.4036

email: ufcw@ufcw1400.ca



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