ONTARIO SECONDARY SCHOOL TEACHERS FEDERATION DISTRICT 11 THAMES VALLEY

Transcription

1 ONTARIO SECONDARY SCHOOL TEACHERS FEDERATION DISTRICT 11 THAMES VALLEY 680 Industrial Road London, Ontario N5V 1V1 Phone: (519) Fax: (519) Web: RETIREE S CHECKLIST 1. Contact the appropriate Pension plan and request a Pension Application Form or complete form online. Ontario Teachers Pension Plan (OTPP) , Fax: Have your SIN number ready when you call. The Pension Application Kit may be downloaded from Ont. Municipal s Retirement System (OMERS) , Fax: (416) OTPP members can apply to retire online, provided that they are registered for iaccess Web, the secure OTPP website section. To complete the registration form for this personalized pension service, go to or call OTPP. 2. Notify the TVDSB (Fax HR: ) with a letter to the Executive Superintendent of Human Resources stating your intent to retire to Pension with effective date; copy letter to OSSTF District 11 President (Fax: ) Include your home address and home . Sample letter attached. Human Resources will acknowledge your letter and send information about Board Retiree Benefit plans, and gratuities. If you wish to be considered for the TVDSB Occasional Teachers list, request in your retirement letter an application from the HR Department. 3. LEAVES to retirement can be accessed by requesting a leave from the beginning of a semester until the actual retirement date. This leave request should be used by members retiring at a date other than dates accepted by the Board in Article 7 of the Collective Agreement. The member will need to arrange with OTPP to purchase credit for the time on leave and arrange with the Board to pay the full cost of Benefits. 4. Long Term Disability premiums DO NOT have to be paid for the last 60 working days before retirement date OR if you have achieved a 64% unreduced service pension (32 years of credit). You are responsible for sending (FAX it) a copy of retirement letter and an application form (attached) to discontinue LTD coverage ASAP to: OTIP, 125 Northfield Drive West, Waterloo, On N2J 3Z9 Phone: Fax: When you are eligible for a Canada Pension Plan pension (age 60 or greater), you may take early CPP. Taking your CPP early will not affect your Teachers pension. Your teachers pension will be reduced the month after your 65 th birthday to reflect its integration with CPP. For information on CPP or Old Age Security call for an application

2 6. If you do not plan to do Occasional teaching, or renew your Ontario College of Teachers fees, download a Notice of Retirement form from Complete the form to change your status on the public registry to retired rather than suspended for non-payment of fees. 7. FYI: If you plan to retire effective June30th, you will receive the balance of your salary (July & August) usually on your last June pay cheque. Pension payments from OTPP will then begin on the last day of July. For Jan.31st retirement dates, the TVDSB Payroll department will provide a pay adjustment usually on your last January pay cheque. 8. FYI: Last day of TVDSB Board Benefit coverage is the last day of employment (eg. June 30 th ) 9. Retirement Benefit Plans: A) TVDSB offers a Retirees Standard Health and Dental Benefit Plan. Board sends information to retirees. B) OSSTF Active Retired Members (ARM) organization offers benefit plans through OTIP. OTIP: ARM Active Retired Members offers several different plans. Edvantage membership continues for members who carry benefits with ARM (OTIP). RTIP (Retired Teachers Insurance Plan) offers several different plans for retired teachers and educational workers through OTIP (Ontario Teachers Insurance Plan). ARM and RTIP Deluxe Travel Insurance is also available. Check OTIP website for comparison chart and further plan information and rates.

3 Notice of Retirement Sample Letter #1 Sample Letter #1 is for all members anticipating retiring at the end of a semester or term. "Cut and paste" this letter into a word processing document. Insert names and dates as they pertain to you. Details about retirement/resignation dates can be found in Article 7 of the Collective Agreement Retirees should send a copy of their letter to the District Office so that the office is aware of their retirement. It is a good idea to include your home address. The Office also maintains an list of retirees and this address should also be given to the District Office. DATE Mr. Michael Sereda, Executive Superintendent Human Resource Services 1250 Dundas Street London, Ontario N5W 5P2 Dear Mr. Sereda: Please accept this as notification of my retirement to Teachers Pension Plan effective (date). This is in accordance with Article 7 of the District 11 Teachers Bargaining Unit Collective Agreement. Please forward to me all the necessary documentation and information pertinent to the retirement process, application for the retirement gratuity (if you are eligible) and information on the TVDSB s benefit plan for retirees. Please indicate your receipt of this letter at your earliest convenience. Thank you for your cooperation. Sincerely, cc Principal of your school Colleen Canon, District President, OSSTF District 11

4 Notice of Retirement Sample Letter #2 Sample Letter #2 is for those members who wish to retire during a semester. They will have to apply for a leave of absence commencing at the beginning of the semester or term in which they will be retiring. "Cut and paste" this letter into a word processing document. Insert names and dates as they pertain to you. Details about retirement/resignation dates can be found in Article 7 of the Collective Agreement. Retirees should send a copy of their letter to the District Office so that the office is aware of their retirement. It is a good idea to include your home address. The Office also maintains an list of retirees and this address should also be given to the District Office. DATE Mr. Michael Sereda, Executive Superintendent Human Resource Services 1250 Dundas Street London, Ontario N5W 5P2 Dear Mr. Sereda: It is my intention to retire during the period from (date) to (date). Therefore please accept this letter as my application for a leave of absence to begin (date) until (date) and as my notice of retirement effective (date) to the Teachers Pension Plan. This is in accordance with Article 7 of the District 11 Teachers Bargaining Unit Collective Agreement. Please forward to me all the necessary documentation and information pertinent to the retirement process, application for the retirement gratuity (if you are eligible) and information on the TVDSB s benefit plan for retirees. Please indicate your receipt of this letter at your earliest convenience. Thank you for your cooperation. Sincerely, cc Principal of your school Colleen Canon, District President, OSSTF District 11

5 ONTARIO SECONDARY SCHOOL TEACHERS FEDERATION DISTRICT 11 THAMES VALLEY 680 Industrial Road London, Ontario N5V 1V1 Telephone: (519) Fax: (519) Website: MEMO TO: From: Branch Presidents and Experienced Teaching Staff Lisa MacMaster, Federation Services Officer Date: September 2010 Re: LTD Premium Termination (New changes effective 08-09) 1. Teachers who are in their final year of teaching may opt out of the mandatory LTD plan for their last 60 teaching days and stop the LTD premium deduction from their pay cheque. Complete the Termination of Coverage Application form. Attach a copy of your retirement letter. OTIP notifies the Board to cease payroll deductions 2. Any teacher who is 65 years of age should not be paying LTD premiums, regardless of when they plan to retire. Complete the Termination of Coverage Application form. Attach a photocopy of proof of age. OTIP notifies the Board to cease payroll deductions 3. Teachers who have 32 years of accredited years of teaching service should not be paying LTD premiums, regardless of when they plan to retire. Complete the Termination of Coverage Application form. Attach a copy of your Service Record (available from OTPP online using iaccess ) OTIP notifies the Board to cease payroll deductions. 4. The Termination of Coverage Application form is available on the District 11 website under forms. Policy number is L Fax Termination of Coverage Application to OTIP to the attention of Eric Wilson at or Requests must be received by OTIP by March 15 th to cease pay cheque deductions for April and by October 15 th to cease pay cheque deductions for November. Even if you miss a deadline, submit your form requesting a retroactive refund.

6 Basic Life Insurance Life Benefit Formula Maximum Benefit Standard Retiree Plan - Division 97 Effective 01 January 2011 the amount in affect prior to retirement not to exceed the amount Health Plan Dental Plan Overall Plan Maximum Unlimited Recall Exam Frequency 9 months Overall Plan Deductible Nil Fee Schedule Current Overall Plan Coinsurance 80% Plan Deductible Nil Drug Preventative Definition Legally requires Rx Maximum Maximum Unlimited Coinsurance Payment Method Reimbursement Minor Restorative Dispensing Fee Cap $6.47 Maximum Coinsurance 80% Coinsurance $1,000/year combined Hospital Endodontics at 80% Coverage Semi-private Maximum Maximum Unlimited Coinsurance Coinsurance 80% Periodontics Visioncare 2 calendar years Maximum Maximum $150 Coinsurance Coinsurance 80% Major Restorative* Ophthalmologist/Optometrist $20/visit Maximum $1,000/yr Paramedicals Coinsurance 50% Chiropractor Orthodontics* Massage Therapist Maximum $2,000 lifetime Naturopath Coinsurance 50% Osteopath Physiotherapist Podiatrist $500/year combined at 80% Psychologist Survivor Benefits Speech Therapist Health and dental plans remain in force for Nursing* RN/RNA one year without payment of premiums. Maximum $20,000/3 yrs Coinsurance 80% Orthotics* Reasonable & customary Overage Dependent Coverage Maximum One pair/yr to $500 Dependents 21 years of age and over may be covered for health Coinsurance 80% and dental plans if they are currently enrolled as full time Orthopaedic Shoes* charge reduced by cost students. Proof of enrollment is required every September. ordinary shoe Hearing Aids* Maximum $1,000/ear/5 yrs Termination of Benefits Coinsurance 80% Benefits terminate at the end of the month in which Out of Province (OOP) you turn 65. You have 90 days to submit claims. Type Emergency & referral Duration 180 Days Maximum $1 million lifetime *Sending a predetermination to Manulife is recommended when Coinsurance 100% considering any of these purchases/services. Questions regarding health and dental coverage call Manulife at

7 Basic Life Insurance Total Board / $1000 of benefit $ % 100% $0.861 Standard Retiree Plan - Division 97 Effective 01 January 2011 Premium Rates Health Plan Dental Plan Total Board Total Board Single Coverage $ % 100% $ Single Coverage $ % 100% $46.94 Couple Coverage $ % 100% $ Couple Coverage $ % 100% $ Family Coverage $ % 100% $ Family Coverage $ % 100% $ Please refer to your collective agreement to verify employer/employee paid benefit premiums. Questions regarding health and dental coverage call Manulife at