McGill University Pension Plan (MUPP)

For members who joined the Plan on or after January 1, 2009

For those employees who became eligible to join the McGill Pension Plan on or after January 1, 2009, the Pension Plan is a defined contribution plan (Part B). You and the University each contribute a certain amount to the plan every pay. You choose how you wish to invest these contributions from a range of investment options provided through the plan. When the time comes to settle, you use your pension account balances to provide a retirement income.

To learn more, please refer to the  McGill University Pension Plan - Defined Contribution (Part B) Brochure. 

Plan Fees:

• Investment Fees: investment fees can be found on the Sun Life secure site using Morningstar®.
• Record Keeping Fees:  $106.79 per year (since September 2023) including taxes and an annual indexation

For members who joined the Plan prior to January 1, 2009

If you joined or were eligible to join the McGill Pension Plan prior to January 1, 2009, the Pension Plan is a hybrid plan. First, it’s a defined contribution plan. You and the University each contribute a certain amount to the plan every pay. You choose how you wish to invest these contributions from a range of investment options provided through the plan. When the time comes to settle, you use your pension account balances to provide a retirement income.

But to protect against the investment risks inherent in a straight defined contribution plan, the McGill Pension Plan includes a defined benefit minimum.

To learn more, please refer to the  McGill University Pension Plan - Hybrid (Part A) Brochure

Plan Fees:

• Investment Fees: Investment fees can be found on the Sun Life secure site using Morningstar®.
• Record Keeping Fees:  $172.12 per year (since September 2023) including taxes and an annual indexation