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format.  Queen's University - Utility Bar  Queen's University
What's the issue with Queen's pension plan?  As at many other
Ontario universities, our pension plan, a component of the
overall compensation budget, is our single biggest financial
risk. We have an unfunded deficit.  The 2010-11 Budget Report
shows an estimate of the special payments the university would
have to make, based on certain assumptions about the future,
amounting to a $38 million hit on the operating budget by
2012-13. This would be over 9% of our revenues - a serious cause
for concern.  The provincial government has responded with a new
plan. There is no direct financial assistance, but the
government is giving universities time to come up with clearly
articulated plans to ensure their pension programs achieve long-
term sustainability before the special payments kick in.  The
province has yet to issue new regulations on the precise details
of the relief program. In the meantim