Why our plan?
When your USW unit joins the Steelworkers Pension Plan (SPP), you’re joining thousands of USW members who know that working together is the best way to build for themselves and their families.
You count on USW to protect your best interests in the workplace and you can count on SPP to do the same all the way through retirement.
“We had a group RRSP plan but felt we had to get away from everything being controlled by the employer. SPP is run by USW members for USW members and you know we can trust the people managing it to do the right thing.”
Mark Arsenault, USW Local 5319
Here’s what makes SPP such a good choice —
Real retirement security
When you retire, you’ll get a pension cheque every month for your entire life.
Predictable retirement income
Our target benefit formula allows you to estimate your future retirement pension income.
A worry-free solution
Our investment professionals manage the pooled contributions and make the tough investment decisions for you and other members.
Professional Investment Management
SPP’s expert managers keep the Plan financially healthy while relieving you of the difficulty and risk of managing your own funds.
With dozens of employers making contributions, the security of your pension is not tied directly to the continued operation of your employer.
All aspects of the plan are overseen by members of USW, many of whom are also SPP members.
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