News

MSS Portal for Pensioners
May 26, 2022

We are always looking for ways to improve service to our members. We are pleased to announce the release of our secure Member Self Service (MSS) Portal for Pensioners on our website. The MSS Portal provides you with your pension pay cheque stub on each pay date, showing current and year to date gross pay, deductions and net pay. Among other features, it will also provide you with the access to update your address or banking information, or to request additional income tax deductions.

  • If you have previously used MSS, login using your Email Address/User ID and password
  • The MSS Portal ‘Login’ page also contains a link to Register for first time users
  • You will need the last 5 digits of your SIN, your date of birth and either your Pension ID or Employee ID to register (click on the “Where can I find this?” link for help if you need it)

Once you are in the MSS Portal, under General Documents and Links you will find FAQ and answers on the use of the portal as well as an easy to use MSS User Manual for Pensioners.

As always, for further information or assistance, you can contact us by phone at 709-793-8772, toll free at 1-833-345-8772, or by email at memberservices@tppcnl.ca.

We are proud to offer this MSS Portal for Pensioners and all the features that go with it. The introduction of this portal does not impact pension payments in any way.


Teachers' Pension Plan Corporation Annual Report 2021
April 11, 2022

This report contains detailed financial statements, information on the health of the pension plan and investments, and interesting facts about your Teachers’ Pension Plan. For more information, read our latest Annual Report on our website here or it can also be found under the “About Us” section. You can view the interesting and pertinent 2021 Highlights provided in the Annual Report here.


Changes to your Johnson Group Insurance Rates
April 12, 2022

The NLTA has advised of the annual rate change in your group insurance monthly premiums. The semi-monthly deductions for health and dental insurance have increased, while life insurance premiums have either decreased or remained the same. Following is a brief recap:

     •  Single Coverage Health from $62.16 to $67.57 (an increase of $5.41)
     •  Family Coverage Health from $95.85 to $104.82 (an increase of $8.97)
     •  Single Coverage Dental from $19.73 to $20.82 (an increase of $1.09)
     •  Family Coverage Dental from $39.64 to $41.83 (an increase of $2.19)
     •  Post 65 Life Insurance remains unchanged at $9.79
     •  Basic Life and Dependent Life coverage has decreased slightly.

More information regarding these changes in your group insurance premium deductions can be found on the NLTA website.


Planning to Retire in June?
March 04, 2022

If you plan to retire in June 2022, your pension application must be submitted to the Teachers’ Pension Plan Corporation by March 31, 2022. It is important to get the below tasks completed, to ensure there are no delays with your pension payments.


How to Apply

• First, you must officially provide notice of your retirement to your employer (NLESD, CSFP, or NL Hydro) by March 31, 2022

• Complete two forms located on our website at www.tppcnl.ca. These can be found under Members > Forms & Resources:
     •  i. Apply for Your Pension
     •  ii. Direct Deposit Authorization

• Provide copies of the following:
     •  i. Birth Certificate or Passport
     •  ii. A Void Cheque

• Return the above documents to our office through your MSS Portal on our website. If you prefer, you can send it via email, fax or mail, but the most secure and quickest method is to upload it to your documents through your MSS Portal. If you require any guidance or assistance in using the Portal, we are happy to help.


Retirement is just around the corner!


For more information, please visit the Members section of our website at ‘Members’ . To discuss your pension & application process, contact us by phone at 709-793-8772 or by email at memberservices@tppcnl.ca.

Call or email us today!


Return to Office at 130 Kelsey Drive
March 03, 2022

As we continue to follow our provincial Public Health guidance, our management and staff have returned to our business office at 130 Kelsey Drive.

TPPC is making the safety of all who enter our office a priority and continues to encourage those requiring in-person service to make an appointment in advance and maintain physical distancing. The wearing of non-medical masks is required and if you are unwell, please do not enter the office. Virtual and telephone meetings remain available for individuals who prefer that option.

If you require additional information, please contact us by telephone at 709-793-8772, or toll free at 1-833-345-8772; or via e-mail to memberservices@tppcnl.ca .


CANADIAN DEFINED BENEFIT (DB) PENSION PLANS COLLABORATE ON RETIREMENT SECURITY VIDEO TO MARK FINANCIAL LITERACY MONTH
November 16, 2021


Paula McDonald, TPPC’s Chief Executive Officer, noted the following:

We were pleased to collaborate with our colleagues in developing this video to enhance member education and awareness on retirement security.

The video underscores the importance of getting all the facts when making decisions that can impact your financial future in retirement – before those decisions are made. Your defined benefit plan provides you with predictable and secure income in retirement, and that is important. I encourage plan members to take a few minutes to watch the short informative video which can be
viewed here.



JOINT STATEMENT

Defined benefit (DB) pension plans from across Canada today released an informational video entitled What’s Important produced in collaboration to mark Financial Literacy Month and raise awareness about the value of retirement income security.

The plans include BC’s College, Municipal, Public Service and WorkSafeBC, College of Applied Arts and Technology (CAAT), OMERS, Ontario Pension Board, OPTrust, and Teachers’ Pension Plan Corporation Newfoundland & Labrador. The video was developed in support of member education and awareness.

While each of the plans represent a different membership, they are united in their commitment to providing their members with key pension facts so that they can make informed decisions about their financial security in retirement.

“OMERS is focused on making a positive impact in the lives of our members by providing them with a sustainable, affordable and meaningful pension in retirement. We are proud advocates of the defined benefit model and pleased to partner with our peers in promoting its value together,” said Celine Chiovitti, Executive Vice President & Head of Pensions, OMERS.

“This video collaboration serves to highlight the strength of Canadian pension plans, and the importance of the defined-benefit model we all continue to advocate for, and its importance in protecting the pension promise to all of our respective members,” added Peter Shena, Executive Vice President & Chief Pension Officer, Ontario Pension Board (OPB).

Audrey Forbes, Senior Vice President, Member Experience, OPTrust, noted “Together we believe in the value defined benefit pensions offer to Canadians and the economy. The collaboration between all pension plans started a year ago during National Financial Literacy Month to raise awareness about the value of retirement security.”

The video underscores the importance of getting all the facts when making decisions that can impact an individual’s financial future in retirement – before those decisions are made. What’s Important can be viewed here.


ABOUT BC’S COLLEGE, MUNICIPAL, PUBLIC SERVICE AND WORKSAFE PENSION PLANS

For information on BC’s College, Municipal, Public Service and WorkSafeBC pension plans, please visit pensionsbc.ca


ABOUT CAAT PENSION PLAN

Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two designs of a defined benefit pension. CAAT's award-winning DBplus plan is leading an extraordinary pace of growth for the Plan. Originally created to support the Ontario college system, the CAAT Plan now proudly serves more than 200 participating employers from various sectors including the for-profit, nonprofit, and broader public sectors. Currently, it has over 74,000 active and retired members. The CAAT Plan is respected for its pension and investment management expertise and focus on stability and benefit security. At January 1, 2021, the Plan was 119% funded on a going-concern basis. Learn more at: www.caatpension.ca.


ABOUT OMERS

Founded in 1962, OMERS is a jointly sponsored, defined benefit pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate. OMERS had net assets of $114 billion as at June 30, 2021.


ABOUT OPB
Ontario Pension Board (OPB) administers Ontario’s Public Service Pension Plan (PSPP), a defined benefit pension plan serving approximately 91, 000 active, former and retired members. With $31 billion in net assets, the PSPP is one of Canada’s largest pension plans. It’s also one of Canada’s oldest pension plans, and celebrated 100 years of successfully delivering the pension promise in 2020. To learn more about OPB, visit www.opb.ca.


ABOUT OPTRUST

With net assets of over $23 billion, OPTrust invests and manages one of Canada’s largest pension funds and administers the OPSEU Pension plan (including OPTrust Select), a defined benefit plan with over 98,000 members. OPTRUST was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.


ABOUT TEACHERS’ PENSION PLAN CORPORATION (TPPC)

As the second largest public sector pension plan in the province of Newfoundland and Labrador, the Teachers’ Pension Plan Corporation (TPPC) serves more than 18,000 active, retired, and inactive plan members. Since August 2016, the Teachers’ Pension Plan (TPP) is jointly sponsored by the Government of Newfoundland and the Newfoundland and Labrador Teachers’ Association. The TPPC administers the TPP and the investment of its assets. The TPP is fully funded, on a going concern basis, with a funded ratio of 114.9% at December 31, 2020. To learn more about the TPPC, visit their website at www.tppcnl.ca.


MEDIA CONTACTS

Vicki Lam
Senior Communications Advisory
CAAT Pension Plan
vlam@caatpension.ca

Neil Hrab
Manager, Media Relations
OMERS
+1 416 369 2418
nhrab@omers.com

Ileana Brito
Director, Stakeholder Relations, OPB
416-601-4082
ileana.brito@opb.ca

Claire Prashaw
Director, Public Affairs
OPTrust
1-416-681-3617
cprashaw@optrust.com

Brenda Hansford
Director, Finance and Pension Administration
Teachers’ Pension Plan Corporation (TPPC)
brenda.hansford@tppcnl.ca


Changes to Plan Text
August 11, 2021

There have been some recent changes to TPP Plan Text. For all information regarding these changes, please click here.

If you require further information, please contact us at memberservices@tppcnl.ca.