THINKING OF RETIRING?
If you have made the decision to retire in June 2009, it would be greatly appreciated that you provide the Board with your retirement letter as soon as possible. This will help facilitate the staffing process, and is of particular assistance to new teachers who are at the bottom of the seniority list and who are at risk of being declared surplus in a time of declining enrolment. If you need advice on how to word your letter, please give us a call at the District 21 Office.
ATTENTION TEACHERS WHO ARE CURRENTLY COLLECTING A PENSION
The Ontario Teachers’ Federation (OTF) and the Ontario government changed the OTPP’s re-employment provisions on Jan. 1, 2009. The re-employment limits have been extended to pensioners of all ages. Before the change, the limits did not apply to members aged 71 or older.
You can work in education without affecting your pension for up to 95 days in each of the first three school years in which you return to work (these don’t need to be consecutive years) and 20 days each school year after that.
If you have made the decision to retire in June 2009, it would be greatly appreciated that you provide the Board with your retirement letter as soon as possible. This will help facilitate the staffing process, and is of particular assistance to new teachers who are at the bottom of the seniority list and who are at risk of being declared surplus in a time of declining enrolment. If you need advice on how to word your letter, please give us a call at the District 21 Office.
ATTENTION TEACHERS WHO ARE CURRENTLY COLLECTING A PENSION
The Ontario Teachers’ Federation (OTF) and the Ontario government changed the OTPP’s re-employment provisions on Jan. 1, 2009. The re-employment limits have been extended to pensioners of all ages. Before the change, the limits did not apply to members aged 71 or older.
You can work in education without affecting your pension for up to 95 days in each of the first three school years in which you return to work (these don’t need to be consecutive years) and 20 days each school year after that.
When determining the first three school years, the following rules apply:
Any school years you worked as a pensioner before Sept. 1, 2001, are included.
Any school years you worked as a pensioner during a five-year window that allowed for extended work in education – from Sept. 1, 2001, to Aug. 31, 2006 – are excluded.
Any school years you worked after Aug. 31, 2006, are included.
For a full explanation of the rules and for advice on your personal situation, please contact the Ontario Teachers’ Pension Plan at 1-800-668-0105 or at http://www.otpp.com/wps/wcm/connect/otpp_en/home
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