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The Ontario Teachers’ Federation and the Ontario government
have changed the plan’s re-employment provisions.
Effective Jan. 1, 2009: The re-employment limits have
been extended to pensioners of all ages. Before the change, the
limits did not apply to members aged 71 years or older. You no longer
contribute to the pension plan if you exceed the re-employment limit,
with one exception noted below. Contact your employer if contributions
are inadvertently deducted from your pay after Dec. 31, 2008. (Your
pension will still be suspended if you work after the month in which
you exceed the limit.) You can choose to have your pension recalculated
to include the additional credit you accumulated while re-employed
if you:
- return to work in education for the first time after Dec. 31,
2008;
- notify us of your intention before you return to work;
- will work for the equivalent of a year or more;
- have your pension suspended as soon as you become re-employed;
and
- contribute to the plan during your re-employment.
For more information on re-employment rules, check out the OTPP
website.
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