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Plans - Teachers' Pension Plan - TPP

The Teachers Pension Plan (TPP) was established on May 31, 1991, with an effective date retroactive to January 1, 1991, by the Teachers (Pensions) Act. The preceding Act was established by the Education (Teachers). Pensions Act. The TPP is one of five Defined Benefit Pension Plans administered by Government. Under Defined Benefit Plans, pensions are calculated based on a percentage of members years of pensionable service and pensionable earnings.

Overall administration of the TPP is the responsibility of the Pensions Administration Division, Department of Finance, in cooperation with the Department of Education, the School Boards, and the Newfoundland and Labrador Teachers Association (NLTA). Currently there are 6,200 plan members in the TPP. There are approximately 6,300 pensioners. The primary objective of the TPP is to help plan members prepare for a comfortable retirement.

More information can be obtained by accessing the following links:

• Plan Provisions
• Teachers' Pensions Act
• Newfoundland & Labrador Teachers' Association (NLTA) Website
• Teachers' Pension Plan Information (201 KB)

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