PLAN PERFORMANCE
The KW Pension Plan is fully funded, with more assets than it owes in current and future pensions. The KW Pension Plan has $1.25 for every $1 of pension we have promised to our members.
(at September 30, 2024 before application of Provisions for Adverse Deviation)
CONTRIBUTIONS:
Ratio of Grand River Hospital contributions to employee contributions: 1.26
• In 2023, pension law required the Hospital to contribute, at a minimum $0.56 for every $1 of employee contribution. Instead, the Hospital contributed $1.26 for every $1 of member contribution, which is equivalent to Grand River Hospital’s contributions to HOOPP.
• Grand River Hospital contributed 225% more than the minimum required to strengthen the financial health of the KW Pension Plan.
• In 2024 and beyond, Grand River Hospital will continue to go above and beyond and contribute $1.26 for every $1 of employee contribution.
MEMBERS
Grand River Hospital Pension Centre
200 Consilium Place
Scarborough, ON M1H 3J3
Phone: 1-833-789-7472
Grand River Hospital Human Resources
4th Floor, 40 Green
835 King Street West
Kitchener ON N2G 1G3
Phone: 519-749-4300 Ext. 3965
Email: human.resources@grhosp.on.ca
145 King Street West
Suite 1910
Toronto, ON M5H 1J8
Phone: 1-800-711-1101
For Retirees Only:
Grand River Hospital Pension Payment Services Northern Trust
Follow Us
KW PENSION PLAN
(For active members looking to access their personalized annual pension statement and pension estimator tool)
For complaints and escalations, please email us at KWPensionPlan@grhosp.on.ca
Grand River Hospital is committed to responding to your enquiry within 1 - 5 business days.