Happy World Teachers’ Day 2024 to the educators who shape the future! We are proud to serve the teachers of Newfoundland and Labrador.

Teachers are guiding lights in students’ journeys, shaping their understanding of the world and unveiling the opportunities it holds. The TPPC promises to be the guiding light for our members, providing pension expertise and support whether you are just starting, mid-career, nearing retirement, or already enjoying it.

Along with your teacher colleagues around the world, we wish you a very Happy World Teachers’ Day. This year’s international theme is Valuing Teacher Voices, and we want you to know that we value yours. If you have questions about your pension or journey to retirement, we are here to help! We want to provide you with the peace of mind about your pension by delivering a predictable, lifetime retirement income.

   •  Email: memberservices@tppcnl.ca
   •  Phone: Local: 709-793-8772 Toll Free: 1-833-345-8772

TPPC is pleased to announce the release of the 2024 Annual Benefit Statements to your myPENSION portal for active TPP members. Accessing your benefit statement online makes it easier to review your pension details at your own convenience. Your TPP pension will likely be a major financial part of your retirement, so it's important to know where you are with your goals and plans for the future.

Your Annual Benefit Statement is a valuable document, as it provides you with detailed information about your Defined Benefit Pension. It is a snapshot of your personal information at August 31, 2024. Your retirement date and pension amount are based on the personal information we have on file for you, including your salary and service information, so we want to make sure those details are correct. Please review your Annual Benefit Statement ensuring your information is accurate.

To access your Annual Benefit Statement, you must be registered for myPENSION access. Just click the green myPENSION button on this website and follow the on-screen instructions (if you haven’t already).

If you have any questions on your statement, or if you run into any issues when trying to register or sign in to myPENSION, we’re here to help.

   •  Email: memberservices@tppcnl.ca
   •  Phone: Local: 709-793-8772 Toll Free: 1-833-345-8772

Substitute teachers can transfer their contributions with the Government Money Purchase Plan (GMPP) to the Teachers’ Pension Plan (TPP) only when in a replacement or full-time position.

Important to Note

• Your GMPP funds are currently held with Canada Life (formerly Great West Life) and not with the Teachers’ Pension Plan.
• GMPP funds and pensionable service can only be transferred to the TPP while in a replacement or full-time position.
• The best time to transfer and/or purchase your substitute time is early in your career when you have less pensionable service in the TPP.
• Your pension is based on years of service and salary, so transferring your substitute time could help you reach your retirement goals sooner.
• If additional substitute time is available to transfer and you do not have enough GMPP funds, you will be given the option to purchase the time with your personal funds, RRSP funds or through payroll deductions.
• You can transfer different blocks of substitute time to the TPP many times throughout your career, if applicable.

Transferring your substitute service would increase your pensionable service with the TPP, thereby increasing the amount of your annual pension, and in some cases, help you retire earlier.
Transfer your substitute time today & reach retirement sooner!

We can tell you the pensionable service you will receive in transferring your funds and the cost to buy any further service available to you. To find out more about transferring substitute time, contact us at 709-793-8772 or email memberservices@tppcnl.ca .

Call or email us today!

Despite ongoing uncertainty in 2023, the Plan’s investment results rebounded significantly with returns contributing positively to the Plan’s long term sustainability. Some of the highlights noted in the Annual Report include:

 •   A net investment return in 2023 of 8.8% that exceeded the Plan’s 6.0% discount rate

 •  4-year and 10-year net annualized returns of 7.2% and 7.9%, respectively

 •  The Plan’s healthy funded ratio at 118.1% (as at December 31, 2023), and

 •   Fully funded for the 7th year in a row

With unwavering vision, we are your Teachers’ Pension Plan Corporation of Newfoundland and Labrador.

If you have any questions about the 2023 Annual Report or the Plan, we’re here to support! Please contact us toll free at 1-833-345-8772, or email memberservices@tppcnl.ca.

Call or email us today!

You will see increases in the deductions for your Health and Dental Insurances as well as a very small increase in your Basic Life Insurance premiums, depending on your coverage. If you have Retiree Post-65 Life Insurance, you will note an increase of $0.66 per pay period in that cost.

These changes in premiums will be reflected on your semi-monthly pension payments beginning April 15th, 2024.

Please see below for the rate changes on health and dental premiums.

     •  Single Coverage Health from $74.00 to $85.67 (an increase of $11.67)
     •  Family Coverage Health from $117.06 to $137.12 (an increase of $20.06)
     •  Single Coverage Dental from $23.01 to $25.89 (an increase of $2.88)
     •  Family Coverage Dental from $46.23 to $52.03 (an increase of $5.80)

For further information related to the rate changes on your group insurance, visit the NLTA website.

If you have any questions for our team at the Teachers’ Pension Plan Corporation, please contact us toll free 1-833-345-8772, or email memberservices@tppcnl.ca.

Why is being a member of the Teachers’ Pension Plan of Newfoundland and Labrador a big deal? Because when you retire, you’ll receive a secure, predictable monthly pension– paid to you for life!

Embrace the new school year with confidence by learning how to make the most of being a pension plan member – our latest video spells it all out in just a couple minutes!

And, that two-minute investment could earn you the knowledge needed to ensure you aren’t missing any opportunities to:

 •  Make your pension at retirement a little higher than it might otherwise be;

 •  Retire earlier than you thought you could;

 •  Plan for retirement according to your personal financial retirement goals (hint: our myPENSION portal can help!)

With those kinds of returns on your two-minute investment, why wouldn’t you take the time to watch now ?

In our communications to our members, we highlight the key features of myPENSION and encourage you to register for access to this secure member portal.

We explain that myPENSION is like a window to your financial future, and that the available information, tools and resources will enable you to see the role your Teachers’ Pension Plan pension will play in your financial retirement future.

But, we know not everyone likes pension details as much as we do, and that sometimes a visual story is much more convincing than a list of words on a page. So, we created a short video to introduce you to some key myPENSION features, making it easier for you to see what’s behind the secure login screen.

Curious to learn more? We’re excited to show you!

Visit www.tppcnl.ca/InformationalVideos today, then register for access.

Registering for myPENSION access couldn’t be easier!

To access myPENSION and experience its features in real-time, click the green myPENSION button above on our website and follow the on-screen instructions (if you haven’t already).

If you run into any issues when trying to register or sign in to myPENSION, we’re here to help.

   •  Email: memberservices@tppcnl.ca
   •  Phone: Local: 709-793-8772 Toll Free: 1-833-345-8772