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CANADIAN COMMERCIAL WORKERS INDUSTRY
PENSION PLAN
FACT SHEET
CCWIPP (pronounced quip) was founded in 1979 and is Canada’s
largest private sector multiple-employer pension plans
The plan provides pension benefits to 290,000 current and former
members of the United Food and Commercial Workers (UFCW) union who
work for 328 participating employers
The plan is jointly governed by eight trustees, four appointed by the
union and four appointed by employers such as Canada Safeway,
Loblaws, A & P and Metro Richelieu.
Employers contribute approximately $108 million annually to the
plan, in accordance with collective bargaining agreements negotiated
with UFCW
A large proportion of plan members work part-time
Employees do not contribute to the plan
The plan currently has assets of more than $1.4 billion and since
inception has earned an average annual rate of return of 8.97
percent.
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