Wednesday, March 31, 2010

Funding Your Pension - A Guide to Your Ontario Teachers' Pension Plan

Although for some of us, a pension income may seem like a long way off (and VERY far off for others!), we should all be well informed about our pension plan and how it works. After all, we each contribute approximately 11% of our annual salary to our own pensions. ETFO's website has a Pension Information section, which contains links to a number of pension resources - here's the link: http://www.etfo.ca/Links/Pages/PensionInformation.aspx

One of the newest resources to be added to ETFO's Pension Information section is a link to the website "Funding Your Pension", which hosts web presentations designed to help you understand key funding challenges that face the Ontario Teachers' Pension Plan. Here's the direct links to "Funding Your Pension":



Finally, I would encourage everyone to sign up on the Ontario Teachers' Pension Plan website for the i-Access Web option (www.otpp.com). This interactive web tool allows you to create retirement scenarios based on different retirement dates, view your pension credit, update your personal information, and so much more.

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