This guide is an overview of the Teachersí Pension Plan,organized by four career phases—new member, mid-career, near retirement and retired member.
You can focus on the information that is relevant to your place on the career timeline, or browse through the entire guide to get a good understanding of how your plan works. No matter how you use this guide, keep two things in mind:
Your teachersí pension is a very valuable asset.
There are ways you can maximize your pensionís value while you are working, and when you are making decisions about your retirement.
This guide explains how you can get full value from your plan as you progress through your career. It also points to where you can find the more detailed information you need to make informed decisions along the way.
With your job and other demands, it can be difficult to find the time to read through stacks of pension information. We’ve put together some key points about the plan so you can easily find what you need to know. Questions covered in this part of the guide include:
At some time in your career you will begin to think seriously about retirement. This can be a stressful time as you face numerous decisions and tackle what seems like an avalanche of information. We’ve gathered information about the most important pension issues that you will face as you near retirement. In this part of the guide you’ll find answers to these questions: