PLAYING FOR A BETTER RETIREMENT |
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In Concert provides pension plan updates and explains how your pension plan works. | |
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Comments or questions about this newsletter? We’d like to hear from you! Please email us: info@mpfcanada.ca. | |
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We Take the Security of Your Data Very Seriously; Here’s What We’re Doing to Enhance ItUnfortunately, data breaches are more and more commonplace in our increasingly technology-connected world. That makes the need to secure online data more important than ever. Protecting your personal and pension data is one of the Fund’s top priorities. Your member account (which you can access through the member web portal mpfcanada.ca/member) contains information about your pension benefit and certain personal information (e.g., birthdate, home address). We’ve recently enhanced the security of our member web portal to ensure the security of your data. 
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So, next time you change your password or create a new password you will be prompted to create a stronger, more secure password as part of this security upgrade. Your new password: - Must contain at least 8 characters
- Must have at least one lowercase letter and one uppercase letter
- Must have at least one number
- Must have at least one special character (except "@")
- Cannot contain your first or last name
This enhancement will strengthen the security of the data we maintain in our pension administration system. | |
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We’ve also made these security enhancements: - Locking your account after five failed password entry attempts. (If this happens, please contact the Fund office to unlock your account.)
- Developed enhanced member portal log-in tracking and reporting.
In addition to our recent security enhancements, there are general password best practices that we strongly recommend you follow, including not sharing your password with anyone. Once someone has your password, they have access to your account and personal data. Also, changing your password regularly is a widely recommended practice to keep your data safe. | |
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| Extension to Recent Plan Amendment to Help Potential Members Last year, due to the COVID-19 pandemic, the Trustees approved a Plan amendment. The amendment changed the rules for establishing eligibility by ignoring any breaks in service from April 1, 2020 through September 30, 2020 (later extended to December 31, 2020). This helps musicians who are not working because of COIVD-19 restrictions become plan members when they would otherwise not have been eligible.
We understand the COVID-19 pandemic continues to impact live, in-person music. The Trustees have once again extended the amendment’s timeframe—to June 30, 2021.
For questions about Plan membership, please contact the Fund Office at
416-497-4702. | |
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2020 Preliminary Investment Results We are pleased to advise that the Fund’s preliminary investment results for 2020 were positive. The 2020 rate of return was 10.4% and the market value of the Fund’s investments at December 31, 2020 was $901.2 Million. | |
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Questions?The Fund office is considered an essential service, so Fund office staff are in the office and available to answer questions about your pension benefits. The Fund office is open Monday through Thursday 10:00 a.m. to 3:00 p.m ET. Please contact the Fund office at 416-497-4702 or info@mpfcanada.ca. | |
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Musicians’ Pension Fund of Canada 200 Yorkland Blvd. Suite 605, Toronto Ontario M2J 5C1 |
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