The TPP is a registered defined benefit pension plan that offers its members a lifetime pension benefit when they retire.
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The primary goal of the Teachers’ Pension Fund is to invest Plan assets in a manner that maximizes investment returns, within an acceptable level of risk, to enable the Plan to meet its long term funding requirements.
My Retirement Plan (MRP) is a secure website designed for active Plan members. It provides personalized pension information and a variety of retirement planning resources. Once you retire, you will no longer have access to the MRP website.
Your membership begins when you start making contributions to the TPP. Membership is required as a condition of employment, but there are some exceptions.
Your TPP contributions are deducted from your pay each payday by your employer. Your employer also pays an amount equal to your contributions to the Plan.
Your pension benefit calculation is a pre-determined formula that is based on your pensionable service, your 5-year highest average salary, and the average Year’s Maximum Pensionable Earnings.
When you retire, your pension benefit is calculated using a pre-determined formula that considers your highest average salary (HAS) and years of pensionable service.
Pensionable service refers to the time that you have made contributions to the TPP.
