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The Teachers’ Pension Plan Act regulation, proclaimed in 1995, contains a provision that dictates how the Income Tax Act (ITA) maximums are to be applied to plan member pension benefits at the time of retirement. The pension benefit paid out under the Teachers’ Pension Plan (the Plan) is governed by a formula that includes a calculation of a benefit that is based on a best five-year average salary multiplied by the plan member's years of pensionable service. The ITA places limits on how much pension can be earned in one calendar year. The cap is going to affect more and more plan members in upcoming years. By 2014, all teachers with more than four years of university education and who are receiving allowance will be affected. To view the ATA FAQ, click here.
The Local provides release time for Friday, September 25, 2015, on a first-come, first-served basis, for 20 new teachers to attend the Beginning Teachers Conference in Edmonton on September 24(eve)-26, 2015. Principals are asked to contact the Local's office with their new teachers as soon as possible (firstname.lastname@example.org; 780-455-2164). More information on the Beginning Teachers' Conference is available on the ATA's website.
The Edmonton Public Teachers Local No. 37 is pleased to award a scholarship in the amount of $1,000 to one student in the final year of a post-secondary program that meets the Alberta Eligibility Criteria for post-secondary programs for student aid and whose parent is a member of Edmonton Public teachers. The deadline for application is September 30, 2015. Click here to access the form.
Call for Volunteers
The Local is all of us, and is successful to the extent that we each contribute our talents. Please consider volunteering to serve on one of our Standing Committees. A number of our committees still have vacancies. If you'd like to serve on a committee, please contact Nels Olsen at the Local's office.
Check out our upcoming workshops & sessions for our members under Services/Workshops!
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Edmonton AB T5N 2R1
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