OSSTF/FEESO

Ontario Secondary School Teachers' Federation

District 16

York Region

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District 16

YORK REGION

110 Pony Dr., Unit 6
Newmarket, ON L3Y 7B6

Tel 905-836-5954

Tel 416-324-3277

Fax 905-836-6210

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Home / News / Latest News / Our Pension Valuation and Upcoming Vote

Our Pension Valuation and Upcoming Vote

Important pension vote to take place this week at your work location

On Tuesday, June 7, Provincial OSSTF released 6 videos with President Ken Coran explaining the rationale for the valuation and proposed changes to the OTPP.

We encourage you to look at them to better understand this complex issue.

They can be found at http://www.osstf.on.ca/otpp-videos

The videos deal are

On Friday June 3rd, 2011, an all-presidents meeting was held regarding the 2011 OTPP Valuation. At this meeting the proposal to address the projected funding shortfall was revealed. In accordance with our bylaws, OSSTF/FEESO will now conduct a vote asking members to endorse or not endorse the proposal. To help members understand the 2011 OTPP valuation and the proposal, we have posted a series of relevant documents below.

The Vote will take place in school on Thursday, June 9, 2011

For more information and answers to your questions please refer to the links below.

Related Links

Funding Your Pension Website

http://fundingyourpension.com

Insights into funding the Ontario Teachers' Pension Plan
This site has Q&As, resources and presentations to communicate the challenges in funding our pension under the current economic conditions.

Ontario Teachers' Pension Plan Website

http://www.otpp.com

OSSTF Information page on the Ontario Teachers' Pension Plan

http://www.osstf.on.ca/OTPPinfo

Related Attachments

		Information regarding the 2011 OTPP valuation osstf-feeso-info-2011-otpp-valuation[1].pdf \| 40.5 KB This information sheet provides a summary of the 2011 OTPP valuation, the proposed plan to address the deficit, and the need for our members to vote on the proposal.

		OTPP Valuation 2011 slide show from All-Presidents’ Meeting, June 3, 2011 otpp-valuation-2011-slide-show[1].pdf \| 2.5 MB This slide show was presented at the All-Presidents’ Meeting held on June 3, 2011. It contains information on current challenges facing the pension, the proposal for filing and the required vote.

		Special Issue Update, June 2011 special-issue_update-june-2011[1].pdf \| 128.3 KB This special issue of Update explains pension indexation and Conditional Inflation Protection (CIP). Charts are included to help illustrate an example of an invoked CIP.

		OTPP Contribution Rates otpp-contribution-rates[1].pdf \| 52.3 KB This document contains the historical OTPP contribution rate history from 1992 – 2009 as well as the proposed increases for 2012 – 2014.

		Conditional Inflation Protection, June 3, 2011 conditional-inflation-protection-en[1].pdf \| 80.3 KB This PDF from the OSSTF/FEESO Retirement Workshop contains slides pertaining to conditional inflation protection (CIP).



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