© District 3 RTO/ERO           Legal Notice Human Rights Statement 

Pension Plan Information - Bob Cole

New Retirees!  Be part of a Doctoral Study of the lifestyle habits

in newly retired individuals.  The goal is to learn how to best

design and deliver health interventions.  Click for more!

Annual Report LInk

2018 COLA increase = 1.6% The Ontario Teachers' Federation (OTF) and the Ontario government are using the $5.1 billion funding surplus announced in April to partially restore inflation protection for teachers who retired after 2009.  Here's how the decision affects you:   •	If you retired before 2010, you are unaffected by the surplus decision because you receive full inflation protection. •	If you retired after 2009, some of your inflation protection will be restored, beginning in 2015. •	If you are working, you are unaffected by the surplus decision because inflation increases are determined after retirement.

Click on a live link, above, for the latest information!
Inflation protection for pension credit earned after 2009 is increasing to 70% from 60% of the annual increase in the cost of living. The Ontario Teachers´ Federation (OTF) and the Ontario government are using some of the $6.8 billion funding surplus reported in March for inflation increases. Here's how the change affects you: RETIRED BEFORE 2010:  If you retired before 2010, you are unaffected by the change because you receive 100% inflation protection. RETIRED AFTER 2009:  If you retired after 2009, some of your inflation protection will be restored, beginning in 2016. STILL WORKING:  If you are still working, you are not currently affected because inflation increases are determined after you retire. >> OTIPP  DOCUMENTS
OTPP has a preliminary surplus of $6.8 billion which represents 104% funding, based on current benefit/contribution levels Investment rate of return for 2014 was 11.8%: above the benchmark and above the OTPP annualized return of 10.2% since its inception. Funding sources 78% investment income 22% member and  government/employer OTPP members 112 - age of oldest person on pension 135 - number of pensioners 100 years or older approximately 182,000 teachers with an average age of 42 years approximately 129,000 pensioners with an average age of 71 years 31 - average number of years on pension With $154.5 billion in assets as of December 31, 2014,       the Ontario Teachers' Pension Plan is the largest         single-profession pension plan in Canada.
DID YOU KNOW? Ontario Teachers’ Pension Plan is Canada's largest single-profession pension plan with $171.4   billion in net assets (Jan. 2016). They pay pensions and invest plan assets on behalf of 316,000 working and retired teachers. Since being established as an independent organization in 1990, they have built an international reputation for innovation and leadership in investment management and member services. Ontario Teachers‘ administer a defined benefit pension plan. It pays lifetime pensions to eligible members and their survivors. In addition to retirement pensions, Ontario Teachers' provides benefits if members die, become disabled or permanently leave teaching before retirement. OTPP serves 183,000 active elementary and secondary school teachers; 133,000 pensioners; 69,000 inactive members (former teachers who kept their pensions with OTPP). The OTPP investment program has one goal: to earn the best possible returns, at an appropriate level of risk, to pay pensions to members. They employ roughly 1,100 employees at the head office in Toronto and investment offices in London, England and Hong Kong. Roughly 1,400 people work at its real estate subsidiary, Cadillac Fairview. To learn more, go to www.otpp.com/home

Bill C-27 had its first Reading in October.  It introduced the concept of a  

“Targeted Pension Plan VS Defined Benefit Plan” 

SEE NEXT NEWSLETTER FOR MORE!

Pension Committee is preparing a draft re Pension Info and advice for May

Senate approval.

© RTO / ERO District 3 Legal Notice       Human Rights Statement  

New Retirees!  Be part of a Doctoral Study of the lifestyle habits in newly

retired individuals.  The goal is to learn how to best design and deliver

health interventions.  Click for more!

Annual Report LInk

2018 COLA increase = 1.6% The Ontario Teachers' Federation (OTF) and the Ontario government are using the $5.1 billion funding surplus announced in April to partially restore inflation protection for teachers who retired after 2009.  Here's how the decision affects you:   •	If you retired before 2010, you are unaffected by the surplus decision because you receive full inflation protection. •	If you retired after 2009, some of your inflation protection will be restored, beginning in 2015. •	If you are working, you are unaffected by the surplus decision because inflation increases are determined after retirement.

Click on a live link, above, for the latest information!

Pension

Plan Information-Bob Cole

DID YOU KNOW? Ontario Teachers’ Pension Plan is Canada's largest single-profession pension plan with $171.4   billion in net assets (Jan. 2016). They pay pensions and invest plan assets on behalf of 316,000 working and retired teachers. Since being established as an independent organization in 1990, they have built an international reputation for innovation and leadership in investment management and member services. Ontario Teachers‘ administer a defined benefit pension plan. It pays lifetime pensions to eligible members and their survivors. In addition to retirement pensions, Ontario Teachers' provides benefits if members die, become disabled or permanently leave teaching before retirement. OTPP serves 183,000 active elementary and secondary school teachers; 133,000 pensioners; 69,000 inactive members (former teachers who kept their pensions with OTPP). The OTPP investment program has one goal: to earn the best possible returns, at an appropriate level of risk, to pay pensions to members. They employ roughly 1,100 employees at the head office in Toronto and investment offices in London, England and Hong Kong. Roughly 1,400 people work at its real estate subsidiary, Cadillac Fairview. To learn more, go to www.otpp.com/home

Bill C-27 had its first Reading in October.  It introduced the concept of

a   “Targeted Pension Plan VS Defined Benefit Plan” 

SEE NEXT NEWSLETTER FOR MORE!

Pension Committee is preparing a draft re Pension Info and advice

for May Senate approval.

OTPP has a preliminary surplus of $6.8 billion which represents 104% funding, based on current benefit/contribution levels Investment rate of return for 2014 was 11.8%: above the benchmark and above the OTPP annualized return of 10.2% since its inception. Funding sources 78% investment income 22% member and  government/employer OTPP members 112 - age of oldest person on pension 135 - number of pensioners 100 years or older approximately 182,000 teachers with an average age of 42 years approximately 129,000 pensioners with an average age of 71 years 31 - average number of years on pension With $154.5 billion in assets as of December 31, 2014,       the Ontario Teachers' Pension Plan is the largest         single-profession pension plan in Canada.
Inflation protection for pension credit earned after 2009 is increasing to 70% from 60% of the annual increase in the cost of living. The Ontario Teachers´ Federation (OTF) and the Ontario government are using some of the $6.8 billion funding surplus reported in March for inflation increases. Here's how the change affects you: RETIRED BEFORE 2010:  If you retired before 2010, you are unaffected by the change because you receive 100% inflation protection. RETIRED AFTER 2009:  If you retired after 2009, some of your inflation protection will be restored, beginning in 2016. STILL WORKING:  If you are still working, you are not currently affected because inflation increases are determined after you retire. >> OTIPP  DOCUMENTS