We are holding our annual pension session on Thursday, November 26th at the local office, from 4:00 to 6:00 p.m. There are still some spaces left if you wish to register.At this session, you'll learn the facts about your pension plan, including: years of service, the formula to calculate the amount of pension you'll receive, recent plan changes, etc. Plus, you can have your questions answered by a knowledgeable pension specialist from ETFO.
To link to the Ontario Teachers' Pension Plan website, click on the title of today's post. If you haven't already signed up for the iAccess web feature, you can do so there. This feature allows you to review your pension statement online, create different retirement scenarios (e.g., retire a year early or retire past your 85 factor), and change your address and beneficiary, etc.
For your information, in 2009 you will contribute:
10.4% of your annual salary up to the Canada Pension Plan (CPP) contributions and benefits limit, plus
12.0% of any salary above the CPP limit.
The CPP limit, which changes annually, is $46,300 in 2009.
Contributions are matched by the Ontario government and participating private employers (not school boards) on behalf of all members.
For your information, in 2009 you will contribute:
10.4% of your annual salary up to the Canada Pension Plan (CPP) contributions and benefits limit, plus
12.0% of any salary above the CPP limit.
The CPP limit, which changes annually, is $46,300 in 2009.
Contributions are matched by the Ontario government and participating private employers (not school boards) on behalf of all members.
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