OTPP Info

June 13, 2011 - The partners of the Ontario Teachers' Pension Plan (OTPP) – consisting of the Ontario Teachers' Federation and the Ontario Government – must periodically address any surpluses and deficits within the plan. Currently the partners are contemplating addressing a shortfall within the plan.

In order to keep our members aware of this situation, we will be posting important information and updates on this webpage.

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.

Related Attachments

		OTPP vote results OTPP-vote-results.pdf The attached document summarizes the results of the most recent OTPP valuation negotiations and the decision of the OTF Governors to ratify the proposal to file a valuation this year.

		Ballot for OTPP valuation remedy vote 2011-ballot.pdf This PDF contains ballots to be used at branches and worksites when conducting the vote on the OTPP valuation remedy.

		Information regarding the 2011 OTPP valuation osstf-feeso-info-2011-otpp-valuation.pdf 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.pdf 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.pdf 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.pdf This document contains the historical OTPP contribution rate history from 1992 – 2009 as well as the proposed increases for 2012 – 2014.

		Guidelines for conducting the OTPP vote guidelines-for-conducting-vote.pdf These are guidelines on conducting local voting on the proposed method to address the OTPP deficit, with District results to be reported to the Provincial Office by 12:00 noon, Friday June 10, 2011.

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

		Communiqué Pension Update, May 19, 2011 communique-May-19-2011.pdf This Update discusses the plan’s current shortfall, the role of the Sustainability Work Group and how the shortfall may be addressed.

		Special Issue Update, May 2011 special-issue-update-May-2011.pdf A special issue of Update addressing the current funding shortfall of the OTPP.