Pension Updates

Retirement - Pension

- Overview ... GO

        - Your Working Years ... GO

        - Your Retirement ... GO

        - OTPP Forms ... GO

        - Pension News Online ... GO

*** iAccess:  Register online to,

        - Calculate your Pension!

        - Create customized pension estimates

        - Apply for your pension online and

          track your application

        - Receive personalized advice

iAccess  GO!

Don't forget to visit,

RTO/ERO District 3, Algoma

www.rtoalgoma.com

Sault Unit Retirement Dinner, 2017

Enjoy the ADETFO Retirement Celebration Booklets

2011 - 2012 2012 - 2013 2013 - 2014 2014 - 2015 2015 - 2016 2016 - 2017

HOME         CONTRACT         UPCOMING EVENTS         EXECUTIVE         COMMITTEES         STEWARDS         NEWSLETTERS BENEFITS         RETIREMENT         GOODWILL         FORMS/MILEAGE          PROVINCIAL         LINKS         ABOUT US            ACTIVITIES
OTF released the following to the media earlier today (June 12, 2017) Full inflation protection for retired teachers and a contribution rate reduction for active teachers The Ontario Teachers’ Federation (OTF) and the Ontario Government, joint sponsors of the $175.6 billion Ontario Teachers’ Pension Plan (Plan), will use a portion of the $11.5 billion surplus in the Plan (as of January 1, 2017) to complete the restoration of inflation protection for teachers who retired after 2009. As well, the contribution rate for the Plan’s active members will be reduced by 1.1%. Both changes are effective January 1, 2018. "Conditional inflation protection has proven to be an effective tool for managing Plan deficits and now, for the fourth year in a row, the sponsors will use some of the surplus to finish the restoration of indexing that pensioners lost in recent years," said OTF President Mike Foulds. "In addition, the Plan’s active members will enjoy a 1.1% reduction in the contribution rate. The remainder of the surplus will be kept in reserve to provide benefit and contribution rate stability against future funding challenges such as low interest rates and increasing longevity, both of which increase the Plan’s liabilities." Pensioners who retired after 2009 will receive a one-time increase in January 2018 to restore their pensions to the levels they would have been at, had full inflation protection been provided each year since they retired. They will also receive a slightly higher inflation increase next year for the portion of their pensions earned after 2009. Cost-of-living increases for this portion of pension credit will equal 100% of the annual increase in the Consumer Price Index (CPI), up from the current level of 90%. Pension credits earned before 2010 remain fully inflation-protected. Active Plan members will enjoy a 1.1% reduction in the contribution rate they pay to the Plan. Last March, Teachers’ reported its fourth surplus in a decade. A preliminary funding valuation showed that the Plan was 105% funded at the beginning of 2017, based on current benefits and contribution rates. For more information on these changes, please go to www.otpp.com.
Webcast
Remember - YOU are responsible for contacting OTPP and activating YOUR pension!
Welcome to The Algoma District Elementary Teachers’ Federation of Ontario
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Retirees! Have a Happy and Healthy Retirement!
Happy Retirement to all ADETFO Retirees!  The SSM Unit celebration was held on June 21st at the Grand Gardens South.  Many smiles, and some tears, were captured during the fun celebration.  To DOWNLOAD a specific picture/pictures, or the entire bundle Click HERE!
Best Wishes, Heather MacDonald- Gjos, who attended her Unit Retirement Dinner!
NEW
Algoma District Elementary Teachers’ Federation of Ontario

Retirement - Pension

- Overview ... GO

        - Your Working Years ... GO

        - Your Retirement ... GO

        - OTPP Forms ... GO

        - Pension News Online ... GO

*** iAccess:  Register online to,

        - Calculate your Pension!

        - Create customized pension estimates

        - Apply for your pension online and

          track your application

        - Receive personalized advice

iAccess  GO!

Don't forget to visit,

   RTO/ERO District 3, Algoma

www.rtoalgoma.com

Enjoy the ADETFO Retirement Celebration Booklets

2011 - 2012 2012 - 2013 2013 - 2014 2014 - 2015 2015 - 2016 2016 - 2017
Webcast
Remember - YOU are responsible for contacting OTPP and activating YOUR pension!
Pension Updates
Welcome to The Algoma District Elementary Teachers’ Federation of Ontario
Happy Retirement to all ADETFO Retirees!  The SSM Unit celebration was held on June 21st at the Grand Gardens South.  Many smiles, and some tears, were captured during the fun celebration.  To DOWNLOAD a specific picture/pictures, or the entire bundle, Click HERE!
Retirees! Have a Happy and Healthy Retirement!
Best Wishes, Heather MacDonald- Gjos, who attended her Unit Retirement Dinner!
Sault Unit Retirement Dinner, 2017
OTF released the following to the media earlier today (June 12, 2017) Full inflation protection for retired teachers and a contribution rate reduction for active teachers The Ontario Teachers’ Federation (OTF) and the Ontario Government, joint sponsors of the $175.6 billion Ontario Teachers’ Pension Plan (Plan), will use a portion of the $11.5 billion surplus in the Plan (as of January 1, 2017) to complete the restoration of inflation protection for teachers who retired after 2009. As well, the contribution rate for the Plan’s active members will be reduced by 1.1%. Both changes are effective January 1, 2018. "Conditional inflation protection has proven to be an effective tool for managing Plan deficits and now, for the fourth year in a row, the sponsors will use some of the surplus to finish the restoration of indexing that pensioners lost in recent years," said OTF President Mike Foulds. "In addition, the Plan’s active members will enjoy a 1.1% reduction in the contribution rate. The remainder of the surplus will be kept in reserve to provide benefit and contribution rate stability against future funding challenges such as low interest rates and increasing longevity, both of which increase the Plan’s liabilities." Pensioners who retired after 2009 will receive a one-time increase in January 2018 to restore their pensions to the levels they would have been at, had full inflation protection been provided each year since they retired. They will also receive a slightly higher inflation increase next year for the portion of their pensions earned after 2009. Cost-of-living increases for this portion of pension credit will equal 100% of the annual increase in the Consumer Price Index (CPI), up from the current level of 90%. Pension credits earned before 2010 remain fully inflation-protected. Active Plan members will enjoy a 1.1% reduction in the contribution rate they pay to the Plan. Last March, Teachers’ reported its fourth surplus in a decade. A preliminary funding valuation showed that the Plan was 105% funded at the beginning of 2017, based on current benefits and contribution rates. For more information on these changes, please go to www.otpp.com.