| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benefit Formula (x Service) |
1.4% up to YMPE + 2.0% in excess of YMPE x 5 highest consecutive years average
Benefit Formula (x Service)
|
1.90 accrual yearly
Benefit Formula (x Service)
|
2% x best 5 years average (Service before July 1980 counted on best 7) minus CPP offset (0.6%) up to YMPE for service after 1965.
Benefit Formula (x Service)
|
Pre July 1, 2014 service - 2% x highest 5 consecutive years salary average; Post June 30, 2014 service - 2% times yearly average salary
Benefit Formula (x Service)
|
Defined Contribution Pension Plan
Benefit Formula (x Service)
|
Prior to September 1, 2015: 2% x best 5 years average (2.2% for years before Jan. 1/91)
Effective September 1, 2015: 2% x Best Average Earnings over 8 years (BAE8) (2.25 for years before January 1, 1991)
Benefit Formula (x Service)
|
x years of pensionable service
Benefit Formula (x Service)
|
2% x highest 5 years average
Benefit Formula (x Service)
|
2% x 5 highest consecutive years average
Benefit Formula (x Service)
|
2% x best 5 years average salary
Benefit Formula (x Service)
|
2% career average including bridge integrated with CPP, with conditional indexing
Benefit Formula (x Service)
|
2% x highest 5 years average
Benefit Formula (x Service)
|
2% x best 5 years average (annualized)
Benefit Formula (x Service)
|
Lifetime pension:
For service to June 30, 2015:
{(1.3% x 5 years highest average earnings up to the Average YMPE at June 30, 2015 ) + (2.0% x 5 years highest average earnings above the Average YMPE at 2015)} x service to June 30, 2015.
For each year after June 30, 2015:
(1.3% x earnings up to the YMPE) + (2.0% x earnings above the YMPE) x service
Bridge Benefit (payable from retirement date to age 65):
For service up to June 30, 2015:
(0.7% x highest average earnings at June 30, 2015 up to average YMPE at 2015) x service to June 30, 2015.
Benefit Formula (x Service)
|
2% x 5 highest consecutive years average
Benefit Formula (x Service)
|
| Minimum Service |
5 years
Minimum Service
|
Immediate vesting of benefits
Minimum Service
|
No minimum service required. If less than 10 years service then actuarial equivalent pension available at age 55. Unreduced pension at age 55 with 10 or more years of service.
Minimum Service
|
2 years or 2 years of plan membership
Minimum Service
|
2 years (post 1996); 5 years (pre 1997)
Minimum Service
|
5 years
Minimum Service
|
2 years
Minimum Service
|
2 years
Minimum Service
|
2 years
Minimum Service
|
Immediate vesting
Minimum Service
|
2 years
Minimum Service
|
2 years
Minimum Service
|
1 year
Minimum Service
|
1 year
Minimum Service
|
2 years
Minimum Service
|
| Maximum Service Credited |
unlimited after 1991
Maximum Service Credited
|
Removed
Maximum Service Credited
|
Unlimited (Maximum pension is 70% of salary)
Maximum Service Credited
|
35 years
Maximum Service Credited
|
Unlimited
Maximum Service Credited
|
Unlimited
Maximum Service Credited
|
35 years
Maximum Service Credited
|
35 years
Maximum Service Credited
|
35 years
Maximum Service Credited
|
Unlimited after 1991
Maximum Service Credited
|
Unlimited
Maximum Service Credited
|
40 years
Maximum Service Credited
|
35 years
Maximum Service Credited
|
Unlimited
Maximum Service Credited
|
35 years
Maximum Service Credited
|
| Earliest Age (with minimum service) to retire without reduction |
65
Earliest Age (with minimum service) to retire without reduction
|
61 or 35 years of Contributory Service
Earliest Age (with minimum service) to retire without reduction
|
65
Earliest Age (with minimum service) to retire without reduction
|
65
Earliest Age (with minimum service) to retire without reduction
|
55
Earliest Age (with minimum service) to retire without reduction
|
Must work until 60.
If resigned before 60, pension deferred to 62./
Earliest Age (with minimum service) to retire without reduction
|
60 - Pre January 1, 2012. 62 - Post January 1, 2012
Earliest Age (with minimum service) to retire without reduction
|
65
Earliest Age (with minimum service) to retire without reduction
|
60
Earliest Age (with minimum service) to retire without reduction
|
Age 65
Earliest Age (with minimum service) to retire without reduction
|
62
Earliest Age (with minimum service) to retire without reduction
|
60 and 30 years of eligibility
Earliest Age (with minimum service) to retire without reduction
|
65
Earliest Age (with minimum service) to retire without reduction
|
65
Earliest Age (with minimum service) to retire without reduction
|
60
Earliest Age (with minimum service) to retire without reduction
|
| Age and service combination to retire without reduction |
Combined 85 and age 55
Age and service combination to retire without reduction
|
Removed
Age and service combination to retire without reduction
|
55 with 10 (where age + service = 80)
Age and service combination to retire without reduction
|
If in the plan prior to reform, pre-July 1, 2014 service - ASI index 87; post June 30, 2014 service, ASI index 91
If not in the plan prior to reform - ASI index 91
Age and service combination to retire without reduction
|
55 with 2
Age and service combination to retire without reduction
|
55 with 25 or 30 worked years (no age requirement)
Age and service combination to retire without reduction
|
55 with 30
Age and service combination to retire without reduction
|
Age 55 and combined 85 or 35 years service (no age requirement) or 60 with 10
Age and service combination to retire without reduction
|
55 with 30
Age and service combination to retire without reduction
|
85 Factor (age plus qualifying service)
Age and service combination to retire without reduction
|
55 with 32 years of service
Age and service combination to retire without reduction
|
35 years of service
Age and service combination to retire without reduction
|
Combined 85 or 60 with 20 or 30 years eligible service (no age requirement) Part-time service counted as full-time for eligibility
Age and service combination to retire without reduction
|
30 years of eligibility service; no minimum age
Age + eligibility service = 85 rule, minimum age 55
20 years eligibility service; minimum age 60
1 year eligibility service; minimum age 65
Age + eligibility service + Pre-1994 ICP service +
Qualifying service = 85 rule; minimum age 60
Age and service combination to retire without reduction
|
55 with 30
Age and service combination to retire without reduction
|
| Earliest Possible Retirement (Reduced Benefit) |
Age 55, with 2% per point short of 85 index or per year short of age 65, whichever is less
Earliest Possible Retirement (Reduced Benefit)
|
Age 55, with 4.5% reduction per year less than age 61, deferred 4.5%
Earliest Possible Retirement (Reduced Benefit)
|
55 with 10 Bridging benefit provided equal in value to reduction
Earliest Possible Retirement (Reduced Benefit)
|
Age 55 with 2 years (5% penalty per year);
If in the plan prior to reform, pre-July 1, 2014 - ASI 80;
If not in the plan prior to reform, post-June 30, 2014 - ASI 84
Earliest Possible Retirement (Reduced Benefit)
|
None
Earliest Possible Retirement (Reduced Benefit)
|
29 worked years + 1 study year (no age requirement). Reduction is temporary. Unreduced pension from age 55. Maximum reduction 15%.
Earliest Possible Retirement (Reduced Benefit)
|
50 with minimum 2 penalty variable essentially 5%/year less than 30 or 60
Earliest Possible Retirement (Reduced Benefit)
|
50 with 30 - 5% penalty per year that age/service is less than 55 or service less than 35, whichever is the lesser. 55 with 20 which uses a chart for reductions ranging from 20.4% to 4.8%.
Earliest Possible Retirement (Reduced Benefit)
|
50 with minimum 2 penalty variable essentially 5%/year less than 30 or 60
Earliest Possible Retirement (Reduced Benefit)
|
Age 50 (with 2.5% penalty short of 85 Factor or 5% penalty short of age 65, whichever is less)
Earliest Possible Retirement (Reduced Benefit)
|
The Superannuation Act has been amended to provide a reduced pension for teachers between the age of 55 and 62 who do not have 32 years of service (starting in 2019). The reduction is ¼ % per month for every month that the teacher is short of 32 years of service or 62 years of age whichever is the lesser.
Earliest Possible Retirement (Reduced Benefit)
|
Age 55, 2 years of service 6% penalty per year (as from July 1 2020) (4% until june 30)
Earliest Possible Retirement (Reduced Benefit)
|
55 with 20 eligibility service (Reduction of .25% for each month prior to earlier of age 60 or age and eligibility service equals 85)
Earliest Possible Retirement (Reduced Benefit)
|
55 with 1 year of service
Earliest Possible Retirement (Reduced Benefit)
|
50 with minimum 2 penalty variable essentially 5%/year less than 30 or 60
Earliest Possible Retirement (Reduced Benefit)
|
| Disability Benefits Payable |
None
Disability Benefits Payable
|
Payable for all accrued service, but only available to plan members not covered by an approved LTD
Disability Benefits Payable
|
Not generally available after July 1 1980
Disability Benefits Payable
|
After 2 years
Disability Benefits Payable
|
None
Disability Benefits Payable
|
Yes, based on own-occupation disability as a teacher
Disability Benefits Payable
|
Triggered upon application
Disability Benefits Payable
|
Disability pension closed to new applicants after July 31, 2014.
Disability Benefits Payable
|
Triggered upon application
Disability Benefits Payable
|
After 10 years (qualifying service) - partial disability pension (reduced) or full disability pension (unreduced) depending upon disability
Disability Benefits Payable
|
After 2 years Total disability
Disability Benefits Payable
|
None
Disability Benefits Payable
|
After 10 eligibility years Disabled as teacher (plus ICP adjusted)
Disability Benefits Payable
|
None
Disability Benefits Payable
|
Triggered upon application
Disability Benefits Payable
|
| Survivor's Allowance |
Joint life and last survivor options
Survivor's Allowance
|
Joint life and last survivor options
Survivor's Allowance
|
Once pension in pay, compulsory joint life reduced one-third on death of either spouse. Couple may mutually request other arrangement
Survivor's Allowance
|
50% to spouse or dependent children; however decision can be made at retirement to choose 60%, 66.67%, 75% or 100% options with actuarial reduction in pension
Survivor's Allowance
|
60% for spouse
Survivor's Allowance
|
60% to spouse or dependent children or designated dependant beneficiary
Survivor's Allowance
|
50% to spouse and up to 40% for dependant children
Survivor's Allowance
|
60% to spouse and up to 40% for dependent children (+10%/child). Effective May 1 2003, option up to 100% for spouse with actuarial reduction in pension.
Survivor's Allowance
|
50% to spouse and up to 40% for dependant children
Survivor's Allowance
|
60% (or higher) - reductions apply
> member and spouse may elect 50% survivor without reduction
> member may also elect 10 year guarantee
Survivor's Allowance
|
60% to spouse and up to 40% for dependent children. 10% per child to a maximum of four children.
Survivor's Allowance
|
50% of integrated QPP to spouse or optional 60% with 2% permanently reduction in pension
Survivor's Allowance
|
60% to spouse at the time of death + up to 25% to dependent children or 60% to dependent parents
Survivor's Allowance
|
Benefits earned to June 30, 2015:
60% to spouse at date of retirement plus up to 25% to dependent children or 60% to dependent parents
Benefits earned after June 30, 2015:
Member's pension reduced on an actuarial equivalent basis to provide for statutory 60% spousal survivor pension.
Survivor's Allowance
|
50% to spouse and up to 40% for dependant children
Survivor's Allowance
|
| Reemployment as a Teacher Without Penalty |
Up to 60%/year cannot contribute once retired/unlimited subbing not under contract
Reemployment as a Teacher Without Penalty
|
Not considered a retiree until in receipt of at least one pension cheque. No restrictions to employment in BC public schools but cannot contribute if collecting pension.
Reemployment as a Teacher Without Penalty
|
120 days under contract
Reemployment as a Teacher Without Penalty
|
Up to 80 days per year of supply teaching
Reemployment as a Teacher Without Penalty
|
Not applicable
Reemployment as a Teacher Without Penalty
|
65 days/year and/or up to 19 consecutive days. A maximum one year term contract with ministerial approval provided no other non-retired qualified teacher available. Cannot replace teacher on unpaid leave.
Reemployment as a Teacher Without Penalty
|
more than 100 days
Reemployment as a Teacher Without Penalty
|
69.5 days/year. Up to June 30, 2020, 69.5 days/year in a term contract and 99.5 days/year as a substitute. To be reviewed in Spring 2020 for possible extension.
Reemployment as a Teacher Without Penalty
|
Pension suspended if reemployed in a contributory position
Reemployment as a Teacher Without Penalty
|
50 day limit each school year
Reemployment as a Teacher Without Penalty
|
No restrictions on supply teaching Allowance suspended if on contract. Contract begins when there is knowledge that the substitute will be in the same position for more than 20 days.
Reemployment as a Teacher Without Penalty
|
teacher receive the full amont of pension and will no longer contribute
Reemployment as a Teacher Without Penalty
|
No limit but cannot contribute
Reemployment as a Teacher Without Penalty
|
No limit but cannot contribute once receiving a pension from the Plan.
Reemployment as a Teacher Without Penalty
|
Pension suspended if reemployed in a contributory position
Reemployment as a Teacher Without Penalty
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| Notes (Benefits) |
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
This plan was closed to new members after June 1980.
Notes (Benefits)
|
Notes (Benefits)
|
Notes (Benefits)
|
| Current Benefits Indexed |
All
Current Benefits Indexed
|
All benefits earned after age 55
Current Benefits Indexed
|
All
Current Benefits Indexed
|
Yes
Current Benefits Indexed
|
Current Benefits Indexed
|
All (for members whose benefits are integrated with CPP, and have reached age 65 by Sept.)
Current Benefits Indexed
|
All
Current Benefits Indexed
|
All
Current Benefits Indexed
|
All
Current Benefits Indexed
|
All
Current Benefits Indexed
|
Conditional.
Current Benefits Indexed
|
All
Current Benefits Indexed
|
All
Current Benefits Indexed
|
Post-Retirement:
Benefits earned to June 30, 2015 guaranteed indexing
Benefits earned after June 30, 2015, conditional indexing
Pre-Retirement
Conditional indexing may be granted to lifetime pensions before retirement.
Current Benefits Indexed
|
All
Current Benefits Indexed
|
| Deferred Benefits Indexed |
Yes
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
Deferred Benefits Indexed
|
Yes (Same as for current benefits)
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
No
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
Yes conditional
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
No
Deferred Benefits Indexed
|
No
Deferred Benefits Indexed
|
Yes
Deferred Benefits Indexed
|
| Rate of Indexing |
Service before Jan. 1/93 - 60% of Alta. CPI; Service after Dec. 31/92 - 70% of Alta CPI
Rate of Indexing
|
Up to CPI (calculated from September to September each year) provided funding is available in the Inflation Adjustment Account (IAA)
Rate of Indexing
|
Based on CPI but limited to an amount that can be paid from a separate notional account, (Pension Adjustment Account). Any amount paid is limited to 2/3rd of CPI and is based on the total plan returns.
Rate of Indexing
|
Active benefits - 100% CPI to max 4.75%; retirees benefits - 75% CPI to max 4.75%
Rate of Indexing
|
Rate of Indexing
|
60% of CPI to maximum 1.2%
Rate of Indexing
|
CPI
Rate of Indexing
|
CPI less 1% before Aug. 1/06. After July 31/06, tied to Plan's funded status; below 90%= 0 indexing; 90%-99%= 50% of CPI; 100%+ =full CPI
Rate of Indexing
|
CPI
Rate of Indexing
|
For service prior to 2010, 100% of change in CPI (max. 8%, with carry forward of excess). Service after 2009 is subject to conditional inflation protection (CIP), based on plan funding, as follows:
> for service after 2009: 50% to 100% of change in CPI
> for service after 2013: 0% to 100% of change in CPI
Rate of Indexing
|
100% of CPI retirees all conditional; for active teachers it is Average Industrial Wage (AIW) which is conditional.
Rate of Indexing
|
Current Benefits CPI before July 1/82 CPI less 3% July/82 to Jan. 1/00. Better of CPI-3% or 50% of CPI as of Jan. 1/00 Deferred Benefits Full CPI during period of deferment
Rate of Indexing
|
80% of CPI
Rate of Indexing
|
Post-retirement:
Benefits earned to June 30, 2015 - Guaranteed Lesser of 3% and 80% of change in CPI.
Benefits earned after June 30, 2015 - Conditional indexing of 0% to 100% of CPI to max of 5%.
Pre-Retirement:
Conditional indexing of 0% to 100% of CPI to max of 5%.
Rate of Indexing
|
CPI
Rate of Indexing
|
| Indexing Funding Provision |
No separate fund
Indexing Funding Provision
|
Separate fund made up of employee and employer contributions and excess interest earnings
Indexing Funding Provision
|
Half of the indexing cost funded from the PAA (17% of gross teacher contributions in that year) Province has a statutory obligation to pay the other half of benefits on a monthly basis
Indexing Funding Provision
|
No separate fund
Indexing Funding Provision
|
Indexing Funding Provision
|
Indexing Funding Provision
|
No separate fund Accounts amalgamated in 1992
Indexing Funding Provision
|
No separate fund
Indexing Funding Provision
|
No separate fund Accounts amalgamated in 1992
Indexing Funding Provision
|
Funding integrated with main plan
Indexing Funding Provision
|
No separate fund
Indexing Funding Provision
|
No separate fund
Indexing Funding Provision
|
No separate fund
Indexing Funding Provision
|
Assumption included in valuation balance sheet for future indexing.
Indexing Funding Provision
|
No separate fund Accounts amalgamated in 1992
Indexing Funding Provision
|
| Notes (Indexing) |
Notes (Indexing)
|
Notes (Indexing)
|
Survivor receives 2/3 of adjustment which member would have received
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
Effective September 1, 2015, indexing provision is suspended.
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
All conditional indexing
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
Notes (Indexing)
|
| Refund (Non Vested Member or Before Lock-In) |
Contributions + interest at average of 5-year personal fixed term chartered bank deposits.
Refund (Non Vested Member or Before Lock-In)
|
Refund (Non Vested Member or Before Lock-In)
|
If pension benefit 4% of YMPE or commuted value less than 20% of YMPE
Refund (Non Vested Member or Before Lock-In)
|
Termination value (member contributions plus interest based upon plan funding)
Refund (Non Vested Member or Before Lock-In)
|
Contributions + interest earned
Refund (Non Vested Member or Before Lock-In)
|
Contributions + standard bank rate
Refund (Non Vested Member or Before Lock-In)
|
Contributions + 4% to 1996. Then at fund rate of interest
Refund (Non Vested Member or Before Lock-In)
|
Contribution & interest to 1984. Then as set by Plan's Administrator
Refund (Non Vested Member or Before Lock-In)
|
Contributions + 4% to 1996. Then at fund rate of interest
Refund (Non Vested Member or Before Lock-In)
|
Immediate vesting
Refund (Non Vested Member or Before Lock-In)
|
Contributions + 4% interest
Refund (Non Vested Member or Before Lock-In)
|
Contributions + interest
Refund (Non Vested Member or Before Lock-In)
|
Contributions + interest
Refund (Non Vested Member or Before Lock-In)
|
Contributions + interest
Refund (Non Vested Member or Before Lock-In)
|
Contributions + 4% to 1996. Then at fund rate of interest
Refund (Non Vested Member or Before Lock-In)
|
| Qualifying Service for Vesting |
5 years
Qualifying Service for Vesting
|
Qualifying Service for Vesting
|
Immediate
Qualifying Service for Vesting
|
2 years service or 2 years plan membership
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
5 years
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
Immediate vesting
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
No vesting
Qualifying Service for Vesting
|
1 year
Qualifying Service for Vesting
|
2 years
Qualifying Service for Vesting
|
| Qualifying Service for Locked-In |
5 years
Qualifying Service for Locked-In
|
Qualifying Service for Locked-In
|
Immediate
Qualifying Service for Locked-In
|
2 years service or 2 years plan membership
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
Age 45 and 10 years (pre 1997) and 5 years with no age restrictions (post 1996)
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
Immediate vesting
Qualifying Service for Locked-In
|
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
10 consecutive years after Jan.1/69
Qualifying Service for Locked-In
|
Age + service = 45 to Dec. 31, 1993, 2 years after December 31, 1993.
Qualifying Service for Locked-In
|
2 years
Qualifying Service for Locked-In
|
| Vested Member Basic Entitlement |
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Vested Member Basic Entitlement
|
Deferred pension (indexed as for pensioners)
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred pension (not indexed)
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred pension
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
Deferred indexed pension OR transfer into locked-in retirement account of higher of contributions plus interest or actuarial value of indexed deferred pension.
Vested Member Basic Entitlement
|
Deferred pension (not indexed)
Vested Member Basic Entitlement
|
Deferred pension (not indexed)
Vested Member Basic Entitlement
|
Deferred indexed pension
Vested Member Basic Entitlement
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| Vested Member Right to Transfer Commuted Value |
Yes, post Sept. 1/92 to LIRA
Vested Member Right to Transfer Commuted Value
|
Yes, to locked-in RRSP/LIRA
Vested Member Right to Transfer Commuted Value
|
No
Vested Member Right to Transfer Commuted Value
|
No
Vested Member Right to Transfer Commuted Value
|
Vested Member Right to Transfer Commuted Value
|
Yes, upon contract termination, to locked in RRSP. 2 times contributions on post-1986 service; teacher contributions only on pre-1987 service.
Vested Member Right to Transfer Commuted Value
|
Yes, for members < age 50 with 2 years service upon contract termination
Vested Member Right to Transfer Commuted Value
|
Yes
Vested Member Right to Transfer Commuted Value
|
Yes, for members < age 50 with 2 years service upon contract termination
Vested Member Right to Transfer Commuted Value
|
Upon termination prior to age 50
Vested Member Right to Transfer Commuted Value
|
No
Vested Member Right to Transfer Commuted Value
|
Yes
Vested Member Right to Transfer Commuted Value
|
If more than 1 year of service, greater of contributions + interest or commuted value until eligible to receive allowance
Vested Member Right to Transfer Commuted Value
|
Yes to LIRA, prior to eligibility to receive a monthly pension benefit.
Vested Member Right to Transfer Commuted Value
|
Yes, for members < age 50 with 2 years service upon contract termination
Vested Member Right to Transfer Commuted Value
|
| Vested member 50% Test on Contributions |
No
Vested member 50% Test on Contributions
|
Vested member 50% Test on Contributions
|
Yes, on post 1984 contributions
Vested member 50% Test on Contributions
|
Vested member 50% Test on Contributions
|
Vested member 50% Test on Contributions
|
N/A
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
Yes
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
Yes
Vested member 50% Test on Contributions
|
No
Vested member 50% Test on Contributions
|
| Reinstatement if Refund Taken |
Reinstatement if Refund Taken
|
None
Reinstatement if Refund Taken
|
Refund + interest earned by fund + actuarial deficiency created by return
Reinstatement if Refund Taken
|
Can be purchased once teacher returns as contributor to the plan; cost will be based upon annual salary at time of application
Reinstatement if Refund Taken
|
Not Allowed
Reinstatement if Refund Taken
|
Yes, at half actuarial cost
Reinstatement if Refund Taken
|
Option to elect for refunded service. Payments based on current salary rates
Reinstatement if Refund Taken
|
Refund + rate of interest set by Plan's Administrator
Reinstatement if Refund Taken
|
Option to elect for refunded service. Payments based on current salary rates
Reinstatement if Refund Taken
|
50% rule refund (with interest) must be repaid if member elects a deferred pension and subsequently becomes re-employed or purchases credited service
Reinstatement if Refund Taken
|
Actuarial cost
Reinstatement if Refund Taken
|
A member who asks to have contributions reimbursed may have service reinstated if money + interest are returned to CARRA
Reinstatement if Refund Taken
|
Refund + interest (2% above rates credited to superannuation fund)
Reinstatement if Refund Taken
|
Refund + interest earned by fund
Reinstatement if Refund Taken
|
Option to elect for refunded service. Payments based on current salary rates
Reinstatement if Refund Taken
|
| Reinstatement if Transfer Value Taken |
Actuarial deficiency created by return
Reinstatement if Transfer Value Taken
|
Not allowed
Reinstatement if Transfer Value Taken
|
N/A
Reinstatement if Transfer Value Taken
|
N/A
Reinstatement if Transfer Value Taken
|
Reinstatement if Transfer Value Taken
|
N/A
Reinstatement if Transfer Value Taken
|
Option to elect. Cost based on amount transferred plus interest
Reinstatement if Transfer Value Taken
|
Amount transferred plus interest
Reinstatement if Transfer Value Taken
|
Option to elect. Cost based on amount transferred plus interest
Reinstatement if Transfer Value Taken
|
Greater of i) transfer amount + refund (with interest), and ii) actuarial cost of expected pension improvement
Reinstatement if Transfer Value Taken
|
N/A
Reinstatement if Transfer Value Taken
|
Not allowed
Reinstatement if Transfer Value Taken
|
Not allowed
Reinstatement if Transfer Value Taken
|
Not allowed
Reinstatement if Transfer Value Taken
|
Option to elect. Cost based on amount transferred plus interest
Reinstatement if Transfer Value Taken
|
| Notes (Termination) |
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
Notes (Termination)
|
| Qualifying Service-Military Service |
No
Qualifying Service-Military Service
|
No
Qualifying Service-Military Service
|
Yes
Qualifying Service-Military Service
|
Yes, WWI, II, Korean War; and service after Dec 20, 2001 in the Canadian Forces Reserves in Afghanistan or other combat operation recognized by regulation
Qualifying Service-Military Service
|
Qualifying Service-Military Service
|
No
Qualifying Service-Military Service
|
Yes
Qualifying Service-Military Service
|
Yes, for pre-1999 service only
Qualifying Service-Military Service
|
Yes
Qualifying Service-Military Service
|
Qualifying Service-Military Service
|
Yes, with restrictions
Qualifying Service-Military Service
|
Yes (very restricted)
Qualifying Service-Military Service
|
World War I and World War II service only
Qualifying Service-Military Service
|
Not purchasable
Qualifying Service-Military Service
|
Yes
Qualifying Service-Military Service
|
| Qualifying Service-Private School Service |
Yes
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
May elect to buy back
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
May elect to buy back
Qualifying Service-Private School Service
|
Yes, if school is a designated private school (DPS)
Qualifying Service-Private School Service
|
No
Qualifying Service-Private School Service
|
Yes
Qualifying Service-Private School Service
|
7 years
Qualifying Service-Private School Service
|
Purchasable - maximum 7 years
Qualifying Service-Private School Service
|
May elect to buy back
Qualifying Service-Private School Service
|
| Qualifying Service-Leave of Absence |
Yes
Qualifying Service-Leave of Absence
|
Yes
Qualifying Service-Leave of Absence
|
No
Qualifying Service-Leave of Absence
|
Yes, up to max 2 years
Qualifying Service-Leave of Absence
|
Qualifying Service-Leave of Absence
|
Yes
Qualifying Service-Leave of Absence
|
Yes, up to 5 years. Must purchase first 3 months at time of return.
Qualifying Service-Leave of Absence
|
Yes
Qualifying Service-Leave of Absence
|
Yes, up to 5 years. Must purchase first 3 months at time of return.
Qualifying Service-Leave of Absence
|
Purchase rules apply
Qualifying Service-Leave of Absence
|
Yes
Qualifying Service-Leave of Absence
|
Yes
Qualifying Service-Leave of Absence
|
50% paid
Qualifying Service-Leave of Absence
|
Sabbatical leave that is 50% paid is purchasable.
Qualifying Service-Leave of Absence
|
Yes, up to 5 years. Must purchase first 3 months at time of return.
Qualifying Service-Leave of Absence
|
| Qualifying Service-Unpaid Study Leave |
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes, up to max 1 year
Qualifying Service-Unpaid Study Leave
|
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Purchase rules apply
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
1 year if purchased
Qualifying Service-Unpaid Study Leave
|
1 year Education Leave if purchased
Qualifying Service-Unpaid Study Leave
|
Yes
Qualifying Service-Unpaid Study Leave
|
| Qualifying Service-Unpaid Sick Leave |
Yes
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
No
Qualifying Service-Unpaid Sick Leave
|
Yes (up to max 2 years as leave of absence)
Qualifying Service-Unpaid Sick Leave
|
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
Purchase rules apply
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
Yes (if on leave of absence)
Qualifying Service-Unpaid Sick Leave
|
No
Qualifying Service-Unpaid Sick Leave
|
Not purchasable
Qualifying Service-Unpaid Sick Leave
|
Yes
Qualifying Service-Unpaid Sick Leave
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| Qualifying Service-Time on LTD |
Yes
Qualifying Service-Time on LTD
|
Yes
Qualifying Service-Time on LTD
|
Yes
Qualifying Service-Time on LTD
|
Yes (up to max 2 years under leave of absence)
Qualifying Service-Time on LTD
|
Qualifying Service-Time on LTD
|
Yes, if on leave w/o pay, and if purchased
Qualifying Service-Time on LTD
|
Yes, if still employed
Qualifying Service-Time on LTD
|
Yes
Qualifying Service-Time on LTD
|
Yes, if still employed
Qualifying Service-Time on LTD
|
Yes
Qualifying Service-Time on LTD
|
No
Qualifying Service-Time on LTD
|
Yes (if on leave of absence)
Qualifying Service-Time on LTD
|
Yes
Qualifying Service-Time on LTD
|
Time while in receipt of ICP after June 30, 1993 counted as pension service
Qualifying Service-Time on LTD
|
Yes, if still employed
Qualifying Service-Time on LTD
|
| Qualifying Service-Maternity/Paternity Leave |
Yes
Qualifying Service-Maternity/Paternity Leave
|
Yes, 17 weeks maternity/35 weeks parental
Qualifying Service-Maternity/Paternity Leave
|
Time while in receipt of SUB plan benefits and up to CRA max.
Qualifying Service-Maternity/Paternity Leave
|
Yes, maximum of 1 year per birth to max 3 total years
Qualifying Service-Maternity/Paternity Leave
|
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Purchase rules apply
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
Time while in receipt of SUB plan benefits up to CCRA max. after Feb. 98
Qualifying Service-Maternity/Paternity Leave
|
Time while in receipt of SEB plan benefits up to CRA max treated as pension service.
Qualifying Service-Maternity/Paternity Leave
|
Yes
Qualifying Service-Maternity/Paternity Leave
|
| Qualifying Service-Public Office |
No
Qualifying Service-Public Office
|
Yes
Qualifying Service-Public Office
|
No
Qualifying Service-Public Office
|
Yes, MLA only
Qualifying Service-Public Office
|
Qualifying Service-Public Office
|
Yes
Qualifying Service-Public Office
|
Yes, if on leave
Qualifying Service-Public Office
|
Yes, if on leave on absence
Qualifying Service-Public Office
|
Yes, if on leave
Qualifying Service-Public Office
|
Purchase rules apply
Qualifying Service-Public Office
|
No
Qualifying Service-Public Office
|
Yes
Qualifying Service-Public Office
|
Qualifying service
Qualifying Service-Public Office
|
Up to June 30, 2015 - treated as Qualifying service.
No further qualifying service granted in Plan after June 30, 2015.
Qualifying Service-Public Office
|
Yes, if on leave
Qualifying Service-Public Office
|
| Qualifying Service-Part-time Service (Full-time eligibility) |
No
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Limited to 5 years before retirement
Qualifying Service-Part-time Service (Full-time eligibility)
|
Qualifying Service-Part-time Service (Full-time eligibility)
|
No
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes, except for service prior to 1981
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes, except for service prior to 1981
Qualifying Service-Part-time Service (Full-time eligibility)
|
More than 10 days of credited service = 1 year of qualifying service
Qualifying Service-Part-time Service (Full-time eligibility)
|
No
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes
Qualifying Service-Part-time Service (Full-time eligibility)
|
Yes, except for service prior to 1981
Qualifying Service-Part-time Service (Full-time eligibility)
|
| Qualifying Service-Child Rearing |
Yes
Qualifying Service-Child Rearing
|
5 years, eligibility service only
Qualifying Service-Child Rearing
|
No
Qualifying Service-Child Rearing
|
No
Qualifying Service-Child Rearing
|
Qualifying Service-Child Rearing
|
Yes, if on approved leave w/o pay
Qualifying Service-Child Rearing
|
Yes, if still employed
Qualifying Service-Child Rearing
|
Up to 175 days per child
Qualifying Service-Child Rearing
|
Yes, if still employed
Qualifying Service-Child Rearing
|
Purchase rules apply
Qualifying Service-Child Rearing
|
Can be purchased if on approved leave without pay
Qualifying Service-Child Rearing
|
No
Qualifying Service-Child Rearing
|
Up to CCRA max.
Qualifying Service-Child Rearing
|
Purchasable - Board approved leave for parenting purposes up to CRA max.
Qualifying Service-Child Rearing
|
Yes, if still employed
Qualifying Service-Child Rearing
|
| Notes (Qualifying Service) |
Any leave of absence purchased at full actuarial value. For those private schools that are members of the Private School Pension Plan, also operated by the ATRF Board. Automatic accrual of service for periods of disability leave after 1992 at no cost to the teacher. Salary base is escalated to retirement.
Notes (Qualifying Service)
|
For all approved leaves: teacher must elect to purchase within 5 years of returning from the leave or prior to resignation, whichever is earlier.
Notes (Qualifying Service)
|
Military service varies from one to two times contribution rate. Study leave is twice contribution rate. Adoption leave treated in same manner as maternity leave.
Notes (Qualifying Service)
|
Any service in a calendar year (including LOA without pay) = 1 yr of eligibility (subject to limitations).
Notes (Qualifying Service)
|
Notes (Qualifying Service)
|
All approved leaves w/o pay may be purchased at current contribution rates based on the salary the teacher was earning immediately prior to the commencement of the leave. Teacher must elect to purchase within 180 days of returning from the leave. All cont
Notes (Qualifying Service)
|
Medical leave is purchased at single contribution rate as is first 3 months of maternity and parental leave.
Notes (Qualifying Service)
|
Study leave, sick leave, LTD, maternity leave; 50% of actuarial cost. Child rearing and private school service; 100% of actuarial cost. Military service; member contribution at service date. All service must be purchased to be included.
Notes (Qualifying Service)
|
Medical leave is purchased at single contribution rate as is first 3 months of maternity and parental leave.
Notes (Qualifying Service)
|
Notes (Qualifying Service)
|
Notes (Qualifying Service)
|
A teacher can benefit from 3 years of recognized service and waiver of premiums. These 3 years are then given full recognition for service and eligibility. If the school board maintains the employment status of the LTD teacher, he or she can be on a leave until 55 years of age.
Notes (Qualifying Service)
|
Notes (Qualifying Service)
|
Notes (Qualifying Service)
|
Medical leave is purchased at single contribution rate as is first 3 months of maternity and parental leave.
Notes (Qualifying Service)
|
| Teacher Contribution Rate |
10.74% below, 15.34% above YMPE (Sept 1, 2017)
Teacher Contribution Rate
|
11.17% of salary
Teacher Contribution Rate
|
8.8% to YMPE, 10.4% above YMPE
Teacher Contribution Rate
|
10% to YMPE, 11.7% above
Teacher Contribution Rate
|
5%
Teacher Contribution Rate
|
9.35%
Effective September 1, 2015: 11.35%
Teacher Contribution Rate
|
4.6% to YMPE, 8.1% above
Teacher Contribution Rate
|
11.3% to YMPE, 12.9% above
Teacher Contribution Rate
|
4.6% to YMPE, 8.1% above
Teacher Contribution Rate
|
10.4% up to YMPE, 12% above YMPE (at Jan. 1, 2018)
Teacher Contribution Rate
|
8.3% to YMPE, 10% above
Teacher Contribution Rate
|
2020:10,63% above 25% of YMPE ($14 675=$58 700*25%)
2021: 10,33% above 25% of YMPE 2022: 10,04% above 25% of YMPE
Teacher Contribution Rate
|
7.85% to YBE, 6.05% to YMPE, 7.85% above
Teacher Contribution Rate
|
Effective July 1,2018:
Earnings Up to YMPE: 9.5%
Earnings Above YMPE: 11.70%
Teacher Contribution Rate
|
5.5% to YMPE, 8.4% above
Teacher Contribution Rate
|
| Government Contribution Rate |
11.95% (2017-18)of total salary plus full responsibility for pre 1992 service funded on pay-as-you-go method
Government Contribution Rate
|
11.30 of salary
Government Contribution Rate
|
Variable (50% of pensions +)
Government Contribution Rate
|
11.5% to YMPE, 13.2% above;
in 2019, these Employer rates will decrease to 10.75% to YMPE, 12.45% above
Government Contribution Rate
|
Matching
Government Contribution Rate
|
Matching
Government Contribution Rate
|
Matching (Federal Government)
Government Contribution Rate
|
Matching
Government Contribution Rate
|
Matching (Federal Government)
Government Contribution Rate
|
Matching
Government Contribution Rate
|
Matching + additional amount towards unfunded liability
Government Contribution Rate
|
Only employees contribute
Government Contribution Rate
|
Matches teacher contribution rate
Government Contribution Rate
|
Effective July 1, 2016:
Earnings Up to YMPE: 7.25%
Earnings Above YMPE: 9.25%
Government Contribution Rate
|
Matching (Federal Government)
Government Contribution Rate
|
| Basic Funds Maintained |
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
Yes
Basic Funds Maintained
|
| Supplementary Funds Maintained |
No
Supplementary Funds Maintained
|
Yes
Supplementary Funds Maintained
|
Yes
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
Retirement Compensation Arrangement (RCA) (separate trust) provides certain benefits that exceed ITA limits.
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
No
Supplementary Funds Maintained
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| Government Guarantees |
Benefits earned prior to Sept. 1/92 guaranteed by government
Government Guarantees
|
Trustees have authority to determine how surpluses are allocated within the parameters set by the Joint Trust Agreement.
Government Guarantees
|
Statutory obligation to pay 50% of pension and COLA
Government Guarantees
|
No Government guarantee.
Government Guarantees
|
Not applicable (money purchase)
Government Guarantees
|
Effective Spetember 1, 2015, pension plan is a Jointly Sponsored Plan.
Government Guarantees
|
Implied guarantee for service to 2001 (gov't makes up deficits)
Government Guarantees
|
No, but government payments made if plan falls below 90% funded.
Government Guarantees
|
Implied guarantee for service to 2001 (gov't makes up deficits)
Government Guarantees
|
Government Guarantees
|
Guaranteed to bring plan back to 100% if projected to remain under 100% for 5 years. Pension amount will never decrease.
Government Guarantees
|
Limited to 50% of cost
Government Guarantees
|
All benefits guaranteed by government
Government Guarantees
|
Not applicable
Government Guarantees
|
Implied guarantee for service to 2001 (gov't makes up deficits)
Government Guarantees
|
| Offset Factor |
0.60%
Offset Factor
|
0.70%
Offset Factor
|
0.60%
Offset Factor
|
0.70%
Offset Factor
|
Offset Factor
|
0.60%
Offset Factor
|
0.70%
Offset Factor
|
0.70%
Offset Factor
|
0.70%
Offset Factor
|
0.45%
Offset Factor
|
0.70%
Offset Factor
|
0.70%
Offset Factor
|
0.70%
Offset Factor
|
None.
Benefit formula is lifetime pension.
Plus temporary bridge benefit, for service up to June 30, 2015, if member retires before age 65.
Offset Factor
|
0.70%
Offset Factor
|
| Age Applied |
Retirement
Age Applied
|
65
Age Applied
|
Retirement
Age Applied
|
65
Age Applied
|
Age Applied
|
65
Age Applied
|
65
Age Applied
|
65
Age Applied
|
65
Age Applied
|
Age 65
Age Applied
|
65
Age Applied
|
65
Age Applied
|
65
Age Applied
|
Bridge benefit ceases at member's age 65.
Age Applied
|
65
Age Applied
|
| Notes (Finance) |
Teacher Pension benefit reduced by offset at retirement. CPP benefit is in addition to teacher's pension, when eligible.
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.
Notes (Finance)
|
Government matches all teacher contributions after April 2007. However also draws on those funds to pay their 50% of pensions, resulting in a projected decrease to Government account over time
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.
Notes (Finance)
|
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.
Notes (Finance)
|
Territorial governments pay the difference up to 2.14 X employee contributions. Offset applied at age 65 or earlier if/when member becomes entitled to CPP/QPP disability benefits irrespective of whether teacher opts for early CPP benefits (offset not appl
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.
Notes (Finance)
|
Territorial governments pay the difference up to 2.14 X employee contributions. Offset applied at age 65 or earlier if/when member becomes entitled to CPP/QPP disability benefits irrespective of whether teacher opts for early CPP benefits (offset not appl
Notes (Finance)
|
CPP offset applied at age 65 or when member begins receiving a CPP disability benefit, whichever is earlier . . . early election of CPP has no impact on commencement of offset
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.
Notes (Finance)
|
Offset applied at age 65 irrespective of whether teacher opts for early QPP benefits. If a teacher stops working prior to age 55 and opts for a deferred pension, actuarially reduced prior to age 65, there is immediate integration with QPP.
Notes (Finance)
|
Offset applied at age 65 irrespective of early election of CPP. Under old plan, a teacher in receipt of a disability benefit and CPP disability benefits will have offset applied at commencement of CPP disability benefits
Notes (Finance)
|
Bridge benefit ceases at member's age 65 regardless of early or late election of CPP benefits.
Notes (Finance)
|
Territorial governments pay the difference up to 2.14 X employee contributions. Offset applied at age 65 or earlier if/when member becomes entitled to CPP/QPP disability benefits irrespective of whether teacher opts for early CPP benefits (offset not appl
Notes (Finance)
|
| Fiscal Year Ending |
31/08/2017
Fiscal Year Ending
|
31/12/2021
Fiscal Year Ending
|
31/12/2018
Fiscal Year Ending
|
31/08/2016
Fiscal Year Ending
|
Fiscal Year Ending
|
31/12/2010
Fiscal Year Ending
|
Fiscal Year Ending
|
31/12/2018
Fiscal Year Ending
|
Fiscal Year Ending
|
Dec. 31, 2018
Fiscal Year Ending
|
01/04/2019
Fiscal Year Ending
|
31/12/2018
Fiscal Year Ending
|
30/06/2019
Fiscal Year Ending
|
Plan Fiscal year is July 1st to June 30th
Fiscal Year Ending
|
Fiscal Year Ending
|
| Total Net Assets (millions of dollars) |
14,800 as of Aug 31, 2017
Total Net Assets (millions of dollars)
|
$37.8 Billion
Total Net Assets (millions of dollars)
|
8539.1
Total Net Assets (millions of dollars)
|
5.481 million
Total Net Assets (millions of dollars)
|
Total Net Assets (millions of dollars)
|
2,566.12
Total Net Assets (millions of dollars)
|
Total Net Assets (millions of dollars)
|
$4.938 billion
Total Net Assets (millions of dollars)
|
Total Net Assets (millions of dollars)
|
$201.3 billion (June 30,2019)
Total Net Assets (millions of dollars)
|
1,000
Total Net Assets (millions of dollars)
|
$70 400
Total Net Assets (millions of dollars)
|
295
Total Net Assets (millions of dollars)
|
As at June 30, 2019 $5,935
Total Net Assets (millions of dollars)
|
Total Net Assets (millions of dollars)
|
| Funded Ratio (%) |
90.0% (Aug 31/17)Market value basis
Funded Ratio (%)
|
105.3% as of the 2020 Actuarial Valuation
Funded Ratio (%)
|
96.8% Account A (Teachers) - 66.9% Account B (Province) - total fund 82.2%
Funded Ratio (%)
|
105.6%
Funded Ratio (%)
|
Funded Ratio (%)
|
64.30%
Funded Ratio (%)
|
Funded Ratio (%)
|
75.3%
Funded Ratio (%)
|
Funded Ratio (%)
|
104%
Funded Ratio (%)
|
122%
Funded Ratio (%)
|
110,2%. Method smoothed or adjusted over 5 years.
Funded Ratio (%)
|
5.2
Funded Ratio (%)
|
Valuation as at July 1, 2019
Going Concern 98.7%
Solvency 75.3%
Funded Ratio (%)
|
Funded Ratio (%)
|
| Asset Mix and Other Related Information |
Return Enhancing (Global Equity, Private Equity) 38.5%, Fixed Income (Universe Bonds, Long Term Bods, Money Market) 22.5%, Inflation Sensitive (Real Estate, Infrastructure) 20%, Absolute Return 10%
Asset Mix and Other Related Information
|
Fixed Income: short-term 2.3%; mortgages 2.8%; government bonds 25.3%; credit 11.2%. Equity: Canadian 3.1%; global 18.7%; emerging markets 5.4%; private 14.3%. Real estate 15.9%. Infrastructure and renewable resources 10.4%. Other 0.3%
Asset Mix and Other Related Information
|
FIXED INCOME - Cash and Short term 1.9%; Public Bonds (universe) 8.9%; Long Bonds 9.3%; Real Estate debt 9.7%; High yeld debt 2.3%; Private debt 3.4% EQUITY - Canadian 11.4%; US 6.3%; International (EX US) 11.4%; Global (All country) 6.7%; Private 7.8% ALTERNATIVES - Real Estate 16%; Infrastructure 4.9%
Asset Mix and Other Related Information
|
Fixed income (cash, gov't & corporate bonds) 32.1%;
Inflation-linked funds (real return bonds, real estate & infrastructure) 13.1%; Absolute Return Strategies 8.0%;
Public Equity (Canada, US & International) 20.8%;
Low Volatility Equity (Canada, US, International & Emerging Markets) 21.3%; Private Equity 4.4%
Asset Mix and Other Related Information
|
Asset Mix and Other Related Information
|
79% equities; 18% Bonds; 3% Real Estate
Asset Mix and Other Related Information
|
Asset Mix and Other Related Information
|
3.03% Cash; 2.92% Commodities; 7.66% Absolute Return Strategies; 7.50% Canadian Equities; 12.20% US Equities; 21.16% Real Assets; 18.01% International Equities; 30.00% Fixed Income
Asset Mix and Other Related Information
|
Asset Mix and Other Related Information
|
See otpp.com
Asset Mix and Other Related Information
|
Global Equities 31%; Canadian equities 17%, Fixed 42%; Real Estate Infrastructure 10%
Asset Mix and Other Related Information
|
As of January 1, 2019: Fixed incomes: 31% Real Assets 19% Equities:50%
Asset Mix and Other Related Information
|
Cdn Equities 14%, US Equities 2%, International Equities (Private) 3%, Short Term Bond 60%, Nominal Bonds 16%, Real Estate 5%
Asset Mix and Other Related Information
|
Cash & Equivalents = 3.68%
Cdn Mortgages = 5.42%
Cdn Bonds = 22.29%
Global High Yield Bonds = 5.66%
Cdn Equity = 10.72%
Cdn Small Cap Equity = 0.50%
Global Equity = 31.68%
Emerging Markest Equity = 4.99%
Cdn Private Equity = 0.32%
Real Estate = 8.91%
Infrastructure = 5.55%
Currency = 0.28%
Asset Mix and Other Related Information
|
Asset Mix and Other Related Information
|
| Notes (Investment Information) |
Notes (Investment Information)
|
10-year annualized rate of return 10.1% as at December 31, 2021
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
As of December 31, 2018: The RREGOP is estimated to have 552,000 contributors of whom 65,000 educators full-time elementary-secondary, professional et adults sectors. The fund value listed here represents employee contributions only. Government is establishing its own fund.
Notes (Investment Information)
|
The Teachers' Superannuation Fund has adopted a de-risking investment strategy to preserve capital since the Fund will have no assets as at June 30, 2030 pursuant to its governing legislation.
Notes (Investment Information)
|
Notes (Investment Information)
|
Notes (Investment Information)
|
| Inter-Provincial 'Range of Assumptions' |
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
No
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
No
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
No
Inter-Provincial 'Range of Assumptions'
|
Common assumptions
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
Yes
Inter-Provincial 'Range of Assumptions'
|
No
Inter-Provincial 'Range of Assumptions'
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| Reciprocal Agreement-Federal Public Service |
Yes
Reciprocal Agreement-Federal Public Service
|
Yes
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
N/A
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
N/A
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
Yes
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
No
Reciprocal Agreement-Federal Public Service
|
N/A
Reciprocal Agreement-Federal Public Service
|
| Reinstatement for Transfer Purposes |
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
Yes
Reinstatement for Transfer Purposes
|
Yes
Reinstatement for Transfer Purposes
|
No
Reinstatement for Transfer Purposes
|
| Notes (Reciprocal Agreements) |
Notes (Reciprocal Agreements)
|
B.C. has agreements with AB pre 1995 for service transfer at retirement. Amount transferred is annuitized; no pensionable service is recognized, but eligibility service is pro-rated. All eligibility service is pro-rated to pensionable service in the Inter
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Pension transfer agreements currently in place with other pension plans can be viewed on the Government of Canada website.
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Pension transfer agreements in place for B.C., Quebec and Manitoba Teachers Plans.
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Notes (Reciprocal Agreements)
|
Refunds only. CV transfers not reinstateable.
Notes (Reciprocal Agreements)
|
Refunds only. CV transfers not reinstateable.
Notes (Reciprocal Agreements)
|
Pension transfer agreements in place for CTF, B.C., Quebec and Manitoba Teachers Plans. Note teachers in NWT and Nunavut in the same plan.
Notes (Reciprocal Agreements)
|
| Administrative Structure |
Alberta Teachers' Retirement Fund Board (ATRF) - appointed by order in council. Investment Committee - Standing Committee of ATRF Investment Committee - Standing Committee of ATRFB
Administrative Structure
|
The Teachers' Pension Plan is a joint trusteeship between the Plan Member Partner (BCTF) and the Plan Employer Partner (Government). The administrator of the TPP is the Teachers' Pension Board of Trustees. BC Pension Corporation is the administrative agent
Administrative Structure
|
Government matches all teacher contributions after April 2007. However also draws on those funds to pay their 50% of pensions, resulting in a projected decrease to Government account over time
Administrative Structure
|
Board of Trustees (8 plus 2 Observers) named by the Parties - Gov't & NBTF
Jointly-owned with Public Service Trustees Vestcor Pension Corporation - consists of Vestcor Investment Management Corporation and Vestcor Pension Administration Services
Administrative Structure
|
Administrative Structure
|
Pensions are administered by the province’s Department of Finance. Pensions Administration Committee; day-to-day operations. Pooled Pension Fund Committee; Teacher plan is one component. Committee oversees investment of all public sector plans.
Administrative Structure
|
Teachers covered by the Federal Public Service Superannuation Plan. Have no role in administration. Ministry of Supply and Services appoints or assigns federal employees to administration roles.
Administrative Structure
|
NSTU is a joint and equal partner in respect to overall governance and administration of the Plan. Board of Directors named Teachers' Pension Plan Trustee Inc. responsible to oversee the administration of the Plan and investment of the pension assets. The Teachers' Pension Board is responsible for the governance of the Plan. Nova Scotia Pension Services Corporation was established in April 2013 owned by the Teachers' Pension Plan Trustee and the Public Superannuation Plan Trustee to administer benefits and investment assets of the public sector plans in Nova Scotia.
Administrative Structure
|
Teachers covered by the Federal Public Service Superannuation Plan. Have no role in administration. Ministry of Supply and Services appoints or assigns federal employees to administration roles.
Administrative Structure
|
Ontario Teachers' Pension Plan (OTPP) Board is responsible for all investments, administration, and the setting of valuation assumptions. The Partners (OTF and the Government of Ontario) are responsible for plan design (benefits / contribution rates) and the frequency of valuation filings (subject to Ontario's triennial filing requirement).
Administrative Structure
|
PEI Teachers' Superannuation Fund is held in trust by the Provincial Treasurer. Investment policy approved by Order-in-Council. Fund is part of master trust with Civil Service, Nurses, Operating Engineers, CUPE and Health Sector. Master Trust Investment Committee is administering body.
Administrative Structure
|
Retraite Québec: Administration and day-to-day operation. Caisse de dépôts et placements: investment body
Administrative Structure
|
Teachers' Superannuation Commission, a Commission responsible to the Minister of Education, under the fiduciary responsibility of the Minister of Finance
Administrative Structure
|
The Saskatchewan Teachers' Retirement Plan (STRP) is a pension plan for teachers. The Plan is administered by the Saskatchewan Teachers' Federation (STF) Executive, supported by the STF Pension & Benefits Board of Directors.
Administrative Structure
|
Teachers covered by the Federal Public Service Superannuation Plan. Have no role in administration. Ministry of Supply and Services appoints or assigns federal employees to administration roles.
Administrative Structure
|
| Administrative Members |
ATRFB - 4 teacher representatives nominated by ATA - 4 government representatives nominated by President of Treasury Board and Minister of Finance.
Administrative Members
|
Teachers' Pension Board of Trustees: - 5 trustees appointed by BCTF - 5 trustees appointed by the Government - Chair, if not selected from the appointed trustees, is non-voting. BC IMC Board - 1 of 7 appointed by TPB BC Pension Corporation Management Board
Administrative Members
|
TRAF Board (appointed by Order in Council) - 3 recommended by MTS - 3 chosen by Government - chair appointed by Government INVESTMENT Committee - complement of 3, legislated and reports to Board - chair appointed from Board, by Government - Deputy Minister of Finance - Teacher member of Board
Administrative Members
|
Chair of NBTPP - Larry Jamieson
President of Vestcor Corporation - John Sinclair
Administrative Members
|
Administrative Members
|
Pensions Admin. -2 representatives of NLTA -2 representatives of Government Pooled Pension Fund Committee Composed of government representatives (senior bureaucrats) representatives from the public service unions and public servants’ retiree groups. Eac
Administrative Members
|
Yellowknife teachers have money purchase plan administered by a committee composed of one employer representative and one representative of the Mutual Fund.
Administrative Members
|
Investments After April 1/06, all investments come under the direction of the Pension Board of Directors. Currently, investment is done by Nova Scotia Pension Corporation Board. Teachers' Pension Plan Trustee Inc. - 4 appointed by NSTU - 4 appointed by Minister of Finance - 1 jointly appointed, neutral Chair Teachers' Pension Board - 4 appointed by NSTU - 4 appointed by Minister of Finance.
Administrative Members
|
Yellowknife teachers have money purchase plan administered by a committee composed of one employer representative and one representative of the Mutual Fund.
Administrative Members
|
OTPP Board is 11 members: 5 appointed by OTF and 5 appointed by Government + Board Chair (who is jointly appointed).
Administrative Members
|
1 chair - Deputy Minister of Finance; 4 representatives from the Provincial Government; 1 representative from CUPE; 1 representative from IUOE; 1 representative from MLA; 1 representative from PEINU; 4 representatives from PEITF and 3 representatives from UPSE
Administrative Members
|
Both Retraite Québec and CDP members are all appointed by government. Some consultation with unions occurs.
Administrative Members
|
Teachers' Superannuation Commission - 3 members nominated by Saskatchewan Teachers' Federation (STF) - 3 members nominated by Government - 1 chair determined by mutual agreement between the other members of the Commission - All are appointed by order in-council
Administrative Members
|
The STF Executive is comprised of 10 members who are elected by Council. The term of office for members is two years. The Executive appoints the STF Pension & Benefits Board of Directors - Six STF Members and two independent professionals with specialized knowledge in the area of pension and benefits. The term of office for directors is 3 years (staggered as appropriate to ensure an orderly change in board membership).
Administrative Members
|
Administrative Members
|
| Substitute Teacher Membership |
Voluntary
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
Voluntary/Compulsory with threshold (see notes)
Substitute Teacher Membership
|
Permitted once achieve 35% of YMPE in earnings over two consecutive calendar years
Substitute Teacher Membership
|
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
GNWT Unit: Compulsory for all full-time and part-time in excess of 12 hours per week
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
GNWT Unit: Compulsory for all full-time and part-time in excess of 12 hours per week YK#1 Unit:Voluntary defined contribution for full time teachers only
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
Not permitted
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
Compulsory
Substitute Teacher Membership
|
Not Permitted
Substitute Teacher Membership
|
| Notes (Substitute Teachers) |
Substitute teachers may purchase pension service in 1-yr. "blocks" of 186 days whenever they have accumulated those days. Remainder days (i.e., less than 186) may be purchased at point of retirement.
Notes (Substitute Teachers)
|
As of July 1, 2005, mandatory participation for all teachers, including part-time, teachers on call, night school, summer school and adult education teachers. The term “teachers†includes associated professionals and certificate professionals and all
Notes (Substitute Teachers)
|
Compulsory membership if earnings exceed 1/4 of YMPE in 2 successive years. Substitutes have 90-day period after end of calendar year to purchase service at ordinary contribution rate. Otherwise, they can purchase service, but at actuarial cost.
Notes (Substitute Teachers)
|
Supply teaching days can be purchased for pension credit as soon as teachers start paying into the pension plan
Notes (Substitute Teachers)
|
Notes (Substitute Teachers)
|
Compulsory for periods in excess of 19 consecutive days. Compulsory contributions to Government Money-Purchase Plan for day-to-day substitute teachers (5% contribution matched by employer).
Notes (Substitute Teachers)
|
Superannuation not permitted for substitutes.
Notes (Substitute Teachers)
|
If you have less than 2 yrs. experience, & terminate employment before 90 days, you may withdraw contributions.
Notes (Substitute Teachers)
|
Superannuation not permitted for substitutes.
Notes (Substitute Teachers)
|
Notes (Substitute Teachers)
|
The exclusion applies only to the day-to-day substitute. Compulsory participation when on salary grid (21 or more consecutive days in same assignment).
Notes (Substitute Teachers)
|
Compulsory
Notes (Substitute Teachers)
|
Credited with contributory & eligibility service on a proportionate basis of days taught to the number of days in the school year
Notes (Substitute Teachers)
|
Credited with contributory & eligibility service on a proportionate basis of days taught to the number of days in the school year.
Notes (Substitute Teachers)
|
Superannuation not permitted for substitutes.
Notes (Substitute Teachers)
|
| Average Age of Those Retiring in Previous Calendar Year |
60.2 as of August 31, 2017 (for those retiring from "active" status)
Average Age of Those Retiring in Previous Calendar Year
|
61
Average Age of Those Retiring in Previous Calendar Year
|
60
Average Age of Those Retiring in Previous Calendar Year
|
Average Age of Those Retiring in Previous Calendar Year
|
Average Age of Those Retiring in Previous Calendar Year
|
56.13
Average Age of Those Retiring in Previous Calendar Year
|
Average Age of Those Retiring in Previous Calendar Year
|
59.9
Average Age of Those Retiring in Previous Calendar Year
|
Average Age of Those Retiring in Previous Calendar Year
|
Age 59 (retirements in 2017/18 school year)
Average Age of Those Retiring in Previous Calendar Year
|
58.92
Average Age of Those Retiring in Previous Calendar Year
|
60.7 for retirees under 65
Average Age of Those Retiring in Previous Calendar Year
|
64.84
Average Age of Those Retiring in Previous Calendar Year
|
58.15
Average Age of Those Retiring in Previous Calendar Year
|
~60
Average Age of Those Retiring in Previous Calendar Year
|
| # of Retirees as of June the Previous December 31 |
27,625 as of August 31, 2017
# of Retirees as of June the Previous December 31
|
40073
# of Retirees as of June the Previous December 31
|
15,310
# of Retirees as of June the Previous December 31
|
9,052 retirees & survivors
# of Retirees as of June the Previous December 31
|
# of Retirees as of June the Previous December 31
|
11
# of Retirees as of June the Previous December 31
|
# of Retirees as of June the Previous December 31
|
13,500
# of Retirees as of June the Previous December 31
|
# of Retirees as of June the Previous December 31
|
142,000 (at Dec. 31, 2018)
# of Retirees as of June the Previous December 31
|
1672
# of Retirees as of June the Previous December 31
|
2018:12 000 including health et public service. Education sector represents 40%, including non-teachers
# of Retirees as of June the Previous December 31
|
As at June 30, 2019
62
# of Retirees as of June the Previous December 31
|
As at June 30, 2019
3,247
# of Retirees as of June the Previous December 31
|
~25
# of Retirees as of June the Previous December 31
|
| # of Retirees in the Previous Calendar Year |
1,171 in the 2016/17 school year
# of Retirees in the Previous Calendar Year
|
1335
# of Retirees in the Previous Calendar Year
|
584
# of Retirees in the Previous Calendar Year
|
approx. 200
# of Retirees in the Previous Calendar Year
|
# of Retirees in the Previous Calendar Year
|
155
# of Retirees in the Previous Calendar Year
|
# of Retirees in the Previous Calendar Year
|
373
# of Retirees in the Previous Calendar Year
|
# of Retirees in the Previous Calendar Year
|
4,769 retirements in 2017/18 school year
# of Retirees in the Previous Calendar Year
|
62
# of Retirees in the Previous Calendar Year
|
2017:11 000, including health et public service. Education sector represents 40% ncluding non-teachers
# of Retirees in the Previous Calendar Year
|
42
# of Retirees in the Previous Calendar Year
|
As at June 30, 2018
2,859
# of Retirees in the Previous Calendar Year
|
~25
# of Retirees in the Previous Calendar Year
|
| Alberta (Provincial) | British Columbia (Provincial) | Manitoba (Provincial) | New Brunswick (Provincial) | Newfoundland and Labrador (Substitute Teachers) | Newfoundland and Labrador (Teachers) | Northwest Territories (Public Service) | Nova Scotia (Provincial) | Nunavut (Public Service) | Ontario (Provincial) | Prince Edward Island (Provincial) | Quebec (RREGOP) | Saskatchewan (old) | Saskatchewan (provincial) | Yukon Territories (Public Service) | |
| # of Actives in the Previous Calendar Year |
40,716 as of August 31, 2017
# of Actives in the Previous Calendar Year
|
50,031 Actives Ratio of active to retired was 1.24:1 in 2021
# of Actives in the Previous Calendar Year
|
16,330
# of Actives in the Previous Calendar Year
|
8,121
# of Actives in the Previous Calendar Year
|
# of Actives in the Previous Calendar Year
|
5846
# of Actives in the Previous Calendar Year
|
# of Actives in the Previous Calendar Year
|
12,882
# of Actives in the Previous Calendar Year
|
# of Actives in the Previous Calendar Year
|
185,000 (at Dec. 31, 2018)
# of Actives in the Previous Calendar Year
|
1681
# of Actives in the Previous Calendar Year
|
Almost 80,000 teachers, including regular, part-time and substitute teachers
# of Actives in the Previous Calendar Year
|
As at June 30, 2019:
108
# of Actives in the Previous Calendar Year
|
As at June 30, 2019
15,532
# of Actives in the Previous Calendar Year
|
~800
# of Actives in the Previous Calendar Year
|
| Ratio of Female to Male Active Plan Members in the Previous Calendar Year |
30,107F/10,609M = 26.06% male as of August 31, 2017
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
74% female 26% male <1% X
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Approximately 70% female and 30% male
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
70:30:00
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
2.71 female to 1 male
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
n/a
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
71.8% female 28.2% male
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
F: 99 M 9 Ratio: 91.7%
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
Female 75%
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
25/75
Ratio of Female to Male Active Plan Members in the Previous Calendar Year
|
| # of Inactives (vested and unvested) in the Previous Calendar Year |
11,997 as of August 31, 2017
# of Inactives (vested and unvested) in the Previous Calendar Year
|
12714
# of Inactives (vested and unvested) in the Previous Calendar Year
|
7,017
# of Inactives (vested and unvested) in the Previous Calendar Year
|
1,563
# of Inactives (vested and unvested) in the Previous Calendar Year
|
# of Inactives (vested and unvested) in the Previous Calendar Year
|
# of Inactives (vested and unvested) in the Previous Calendar Year
|
# of Inactives (vested and unvested) in the Previous Calendar Year
|
5,961
# of Inactives (vested and unvested) in the Previous Calendar Year
|
# of Inactives (vested and unvested) in the Previous Calendar Year
|
65,000 (at Dec. 2018)
# of Inactives (vested and unvested) in the Previous Calendar Year
|
558
# of Inactives (vested and unvested) in the Previous Calendar Year
|
521 000, including health et public service. Education sector represents 40% including non-teachers
# of Inactives (vested and unvested) in the Previous Calendar Year
|
As at June 30, 2019:
4,811
# of Inactives (vested and unvested) in the Previous Calendar Year
|
As at June 30, 2019:
8,831
# of Inactives (vested and unvested) in the Previous Calendar Year
|
# of Inactives (vested and unvested) in the Previous Calendar Year
|
| # of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year |
655(51 of which were more than 0.6FTE) in the 2016/17 school year. Retired teachers worked a total of 252.1 FTE years at an average of 0.38 FTE each.
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
1335 TPP members
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
n/a
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
approx. 200
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
8045 (includes survivor recipients)
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
n/a
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
282 000. Distribution between teachers and other categories of employees is unavailable. Education sector represents 40% including non-teachers
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
Irrelevant & unknown; there are no restrictions on teaching
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year
|
| Average Salary of Those Retiring in the Previous Calendar Year |
As of August 31, 2017
4 max - 94,255, 5 max - 97,677, 6 max - 101,442.
Average admin allowances 100 students - 17,905,
300 students - 22,724, 500 students - 26,645,
1000 students - 36,538.
Average Salary of Those Retiring in the Previous Calendar Year
|
89000
Average Salary of Those Retiring in the Previous Calendar Year
|
Approx $88,500
Average Salary of Those Retiring in the Previous Calendar Year
|
Average Salary of Those Retiring in the Previous Calendar Year
|
Average Salary of Those Retiring in the Previous Calendar Year
|
69,940
Average Salary of Those Retiring in the Previous Calendar Year
|
Average Salary of Those Retiring in the Previous Calendar Year
|
Average Salary of Those Retiring in the Previous Calendar Year
|
Average Salary of Those Retiring in the Previous Calendar Year
|
$95,900 (average best 5 salary for those retiring in 2017/18 school year)
Average Salary of Those Retiring in the Previous Calendar Year
|
80612
Average Salary of Those Retiring in the Previous Calendar Year
|
Approximately 80 000$
Average Salary of Those Retiring in the Previous Calendar Year
|
For the period July 1, 2018 to June 30, 2019
$84,491.16
Average Salary of Those Retiring in the Previous Calendar Year
|
For the period July 1, 2018 to June 30, 2019
$93,843
Average Salary of Those Retiring in the Previous Calendar Year
|
~$60,000
Average Salary of Those Retiring in the Previous Calendar Year
|
| Average Present Value of Pensions of Those Retiring in the Previous Calendar Year |
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
$30,600 average lifetime annual pension
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
n/a
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
48,960
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
n/a
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
$19,710. Distribution between teachers and other categories of employees is unavailable.
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
n/a
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
For the period July 1, 2018 to June 30, 2019
$883,227
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
Average Present Value of Pensions of Those Retiring in the Previous Calendar Year
|
| Notes (General Information) |
updated March 2, 2020
Notes (General Information)
|
Updated January 11, 2023
Notes (General Information)
|
As of Dec. 31, 2010. Number of retirees includes deferred members.
Updated March 2, 2020
Notes (General Information)
|
Notes (General Information)
|
Updated March 4, 2020.
Notes (General Information)
|
Notes (General Information)
|
Updated March 4, 2020
Notes (General Information)
|
Joint sponsorship agreement required a review of the plan funding targets in 2020. Due to the funded level of the plan, this review was moved up to 2019 and is presently ongoing.
Updated March 4, 2020
Notes (General Information)
|
Notes (General Information)
|
Updated March 4, 2020
Notes (General Information)
|
17-Jan-2018
updated March 2, 2020
Notes (General Information)
|
Updated on March 3, 2020.
Notes (General Information)
|
Average present values at June 30, 2019, n/a = not available
Updated March 4, 2020
Notes (General Information)
|
Updated March 4, 2020
Notes (General Information)
|
Notes (General Information)
|