Community Social Services Pension Survey

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

The Federation of Community Social Services of BC is researching issues related to pensions in our sector and exploring what a sector-wide pension plan could (or should) look like. We would like to hear from you—our members—about your current pension plan (if any) and how retirement benefits affect recruitment and retention at your organization.

All responses will remain confidential. If you have questions about this survey and/or this initiative, please contact The Federation's Member Services Coordinator Kathy Powelson at kathy@fcssbc.ca

Definitions

DEFINED BENEFIT – A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum (or combination thereof) on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental and public entities, as well as a large number of corporations, provided defined benefit plans, sometimes as a means of compensating workers in lieu of increased pay.

DEFINED CONTRIBUTIONS – Typically a retirement saving plan the formula for computing the employer's and employee's contributions is defined and known in advance, but the benefit to be paid out is not known in advance.

Survey

1. Do you have a pension plan for your employees? *

Defined Benefit

Defined Contributions with Employer Top-up

Part of Union Agreement

No Pension Plan

Other:

2. If you have a plan, how is it administered? *

Self-Administered

Pension Contractor

Through a Third Party (e.g. Chamber of Commerce or Association)

Union-Managed

No Pension Plan

Other:

3. If you have a pension plan (defined or contribution), where do the employer-contributed funds come from? *

4. Would a defined benefit pension plan improve your ability to attract and retain employees? *

No, there would be no benefit

Yes, it would be very valuable

5. What best describes your view of employee pension plans? *

It's important and we have one now.

It's important and we would offer a pension plan if we could.

We could find money for employer contributions.

We could only make employer contributions if government funding increased.

Our employees are more interested in current salaries and benefits than pensions.

Other:

6. Should The Federation explore the possibility of a voluntary plan for the community social services sector similar to the OPTrust initiative in Ontario? *

OpTrust has created such a defined benefit plan in Ontario: https://www.optrust.com/AboutOPTrust/News/OPTrust-Launches-New-Plan-Expansion-Offering-OPTrust-Select.asp

No, definitely not

Yes, it's a high priority

7. Should The Federation explore a defined benefit pension plan option for members? *

No, definitely not

Yes, it's a high priority

8. How large is your organization? *

1-20 employees

21-40 employees

41-80 employees

More than 80 employees

9. What percentage of your staff are union? *

1–25%

26–50%

51–75%

76%–100%

Next steps

If you want to remain involved in this work or have additional information to share with The Federation, please contact our Member Services Coordinator Kathy Powelson at kathy@fcssbc.ca

Submit

Clear form

Never submit passwords through Google Forms.

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms