The ATA offers information on your pension plan as well as a number of workshops for those considering retirement. Click HERE to access their site.
The provincial ATA hosts Pre-Retirement Seminars each year for members considering retirement. The date for member of the Edmonton Public Teachers Local is Saturday, October 30, 2021. Register through Eventbrite HERE. Information will be provided as it becomes available.
If you are unable to make the October 30th date, an alternate date has been set for March 5, 2022 for all Alberta teachers. Watch the website for more information.
Alberta Teachers' Retirement Fund (ATRF)
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.
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