Retirement Planning
What does your retirement plan look like?
The important decisions that will determine your retirement lifestyle should not be made at the last minute as you fill out forms.
BCTF Advice about your Pension
Allen Lee — Assistant Director, Income Security Division
Work: 604-871-1949
Teachers’ Pension Plan (TPP)—tpp.pensionsbc.ca
My Account, Message Centre, forms, online courses and webinars.
BCTF pension resources—bctf.ca/topics/services-information/pensions-and-retirement
YouTube webinars and FAQ’s.
Government of Canada—canada.ca/en/services/retirement.html
Retirement hub page and information on CPP and OAS.
My Service Canada Account—canada.ca/en/employment-social-development/services/my-account.html
CPP estimator and calculator.
BC Retired Teachers Association (BCRTA)
All teachers age 50+ should plan to attend one of the BCRTA’s Pre-Retirement online workshops. The workshops are free and give great planning materials along with answers to questions you may have about your retirement. The BCRTA’s agenda includes Teachers’ Pension Plan (TTP), Canada Pension Plan (CCP), Old Age Security (OAS) and voluntary group benefits (dental, extended health and travel). They can show some of the differences between the plans and help equip you to select the plan that best suits your needs.
Teachers’ Pension Plan (TTP)
Find answers to your pension questions by taking an online course or participating in an instructor-led webinar.
Pension and Retirement Advice from the Teachers’ Pension Plan
Getting to know your pension
Are you new to the plan or thinking of joining? Here’s an introduction to the value and benefits or plan membership.
Pension and Retirement Glossary from the Teachers’ Pension Plan
Webinar: Introduction: Getting to Know your Pension
Making the most of your pension
Are you established in your career or several years away from retirement? Learn how the decisions you make throughout your career and affect your pension when you retire.
Webinar: Making the Most of Your Pension
Approaching retirement
Are you planning for or within five years of retirement? Understand the important decisions you need to make about your pension.
Withdrawal from Long Term Disability (LTD)
A member who has attained age 64 or has reached the later of Factor ‘88’ (age plus contributory service), or is in receipt of a retirement pension under a registered pension plan, may voluntarily withdraw from the long-term portion of the Salary Indemnity Plan. Withdrawal may be made during any school year in which one of the above conditions has been met and upon the completion of the appropriate withdrawal form. Withdrawal will be effective, upon approval, in September for applications received in that month. Applications submitted later will be effective the month following approval of the application.
When applying for withdrawal, you should ensure that you have sufficient accumulated sick leave which, when combined with the 120 days of benefits from the Salary Indemnity Plan (SIP) will protect your salary to the end of the month in which you reach Factor ‘90’ or the end of the month you attain age 65, whichever comes first. Download the Long-Term Withdrawal Form and email it to benefits@bctf.ca.
Organization & Phone Numbers
| BCTF | 1-800-663-9163 Local 1921 | www.bctf.ca |
|---|---|---|
| Teachers’ Pension Plan | 1-800-665-6770 | www.pensionsbc.ca |
| BC Retired Teachers’ Association | 1-877-683-2243 | www.bcrta.ca |
| OAP & CPP | 1-800-277-9914 | www.servicecanada.gc.ca |
| Pacific Blue Cross | 1-877-722-2583 | www.pac.bluecross.ca |
Get Involved With Our Union of Professionals
Get Involved With Our Union of Professionals
Local #37 of the
British Columbia
Teachers’ Federation
CONTACT US
#110 – 4977 Trenant Street
Delta, BC V4K 2K5
Click here for Google Map
Phone 604-946-0391
Fax 604-946-1629
HOURS
8:30am – 4:00pm
Monday to Friday
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