Some Queen’s University retirees say new UPP plan is leaving them shortchanged on inflation

Some Queen's University retirees are expressing concerns that a recently introduced pension plan by the university does not adequately address their needs and may leave them shortchanged in terms of managing their retirement finances. The updated plan, which went into effect for new retirees starting this year, has raised questions among some former faculty members. Specifically, they argue that while the new plan offers higher guaranteed monthly payments at the outset compared to previous plans, it fails to keep up with inflation rates and may ultimately result in a lower standard of living …