News

Have you had a Leave Without Pay?
February 25, 2021

Did you know – during your career, if you take a leave of absence, it creates a gap in your pensionable service years? It is because during these times, you are not contributing to your Teachers’ Pension Plan. However, many types of leave may be eligible to be bought back anytime during your teaching career.
This purchase of service would give you more pensionable service, a higher pension and in some circumstances, help you reach retirement eligibility sooner. Taking this step could not only get you closer to retirement, but also to having a higher pension when you do retire.

Types of Leave That May be Eligible
• Maternity Leave
• Parental/Adoption Leave
• Authorized Leave without Pay
• Unpaid Education Leave
• Unpaid Sick Leave

Payment Methods Available
• Single payment by personal cheque or transfer from your RRSP
• Payroll deductions, if applicable, over a time frame equal to the length of the service purchased

Important Points to Note
• The best time to buy back service is within 180 days of your return to work from that leave.
• Your employer will match contributions if the purchase contract is signed within 180 days.
• After 180 days, you will pay the full actuarial amount.
• There may be income tax implications. Check with the CRA for more details regarding this.

Reaching retirement could be sooner than you think!

To discuss your options about purchasing unpaid leave, contact us at 709-793-8772 or email us at memberservices@tppcnl.ca .

Call or email us today!


Working from Home
February 25, 2021

Following the public health measures of the current Alert Level 5 from our Chief Medical Officer that came into effect on Friday, February 12, the physical office of the TPPC will be closed. “Working from home, where possible” is one of the measures advised in the Public Health Guidance and as we are equally effective and efficient working remotely, we will follow this guidance. While our physical office will be closed, we will continue to provide the same excellent and timely service that you, our members, have come to expect from the TPPC.

For active members we will continue to send your documents and correspondence through your secure online account in your Member Self Service Portal on the TPPC website. We are utilizing this technology and tools, always governed by privacy and security protocols. Use of this portal allows for more secure document sharing with faster response times to your inquiries and requests. If you have not yet registered for this portal, we encourage you to visit the Members’ page on the Teachers’ Pension Plan Corporation website at www.tppcnl.ca and set up your secure account. If you require any assistance you may contact us as noted below.

Retired members will continue to receive pension payments and we encourage all members to use e-mail service as a first point of contact. Apart from face to face meetings, our team members are available to you as always as we continue our normal business activities, Monday to Friday, 8:30 a.m. to 5:00 p.m. Our phone lines are open, we are constantly monitoring our incoming emails and we continue to be available for virtual meetings if requested.

We remain focused on our members and values. We will keep our lines of communication open and will follow the Public Health Guidance for All Alert Levels as it is re-evaluated. We encourage you to follow the guidance issued by the Federal and Provincial Medical Offices and to stay safe.

Contact us: Phone: 1-833-345-8772(toll free) or 709-793-8772 Email: memberservices@tppcnl.ca