ATRF INFORMATION FOR NEW TEACHERS

Transcription

1 ATRF WELCOME TO ATRF WHO MANAGES THE PLAN CONTRBUTONS WHAT ATRF NEEDS NFORMATON FOR NEW TEACHERS The (ATRF) is pleased to introduce you to the Teachers' Pension Plan (the Plan), and the benefits it will provide to you. ATRF is an independent corporation established under the Teachers' Pensions Plan Act, and from its office in Edmonton administers the Plan for all Alberta teachers employed by school jurisdictions and charter schools. The plan is a defined benefit pension plan partially indexed to inflation. You will contribute 10.74% of your annualized salary up to $55,300 and 15.34% on annualized salary above $55,300. The Alberta Government contributes 11.95% of your salary. f you have not already done so, please complete the following two forms (which can be downloaded from our website): nformation Update Designating a Beneficiary n the future, when your address, name or spouse/pension partner changes, it is important that you let us know. WHAT ATRF PROVDES Once your employer reports your monthly service to ATRF, we will provide you with your ATRF D Number. You will use this number to identify yourself to ATRF and to register for MyPension. ATRF provides an Annual Plan Member Statement at the end of every school year after employers have completed reporting for that year. These statements show the service that you earned, contributions that were deducted, interest that was paid on the contributions, and the benefits earned. ATRF also provides a Pension Points newsletter twice a year. t informs you of changes to the Plan and contains timely articles and detailed explanations of the benefits available to members. The Plan Member Guide provides detailed information about every aspect of the Plan how it works, and the benefits paid to members. An electronic copy of the Plan Member Guide is available on our website. You may choose to receive both your Plan Member Statement and newsletters in electronic format. See the MyPension section / Barnett House, Street NW, Edmonton AB T5N 2R1 Tel Fax Toll Free Page 1 of 2

2 NFORMATON FOR NEW TEACHERS WEBSTE MyPension ATRF's website is a comprehensive and essential tool for learning about the Plan. Everything you need to know about your pension plan is in the TEACHER section of the website. Life Events About Your Plan ncreasing Your Pension Meet With Us Register for a personal interview MyPension the members only secure site Teachers' Lounge educational tools Join Our List Ask a Question Publications and Forms After your employer reports your monthly service to ATRF for the first time, you will be able to register for MyPension which will enable you to access and update your own information online. Once you have registered for MyPension, then you can also Join Our List to elect to receive certain publications and documents in electronic format instead of paper. CONTACTNG US You can contact ATRF by: Mail: 600 Barnett House Street NW Edmonton, AB T5N 2R1 Phone: Fax: Website: member atrf.com /11 Working in partnership to secure your pension income Page 2 of 2

3 1 ( NFORMATON UPDATE ATRF 1:1 am registering for the first time C am changing my personal data This form is available on our website You may mail or fax your completed form to ATRF. Please read the information on the back of this form before you complete it. Personal nformation (please print) Complete this section for a change of address. Social nsurance Number Ms 0 Miss 0 Mrs. U Mr. U Dr. Gender 0 Female 0 Male Name Last First nitial 1 Date of birth 1 1 f you have not done so Previous Last Name (if applicable) recently, please also complete the Designating a Beneficiary Form'. 1 ( ) 1 1 Spouse/Pension Partner nformation Complete this section to add or delete a spouse/pension partner Province Postal Code Personal Address A. do not currently have a spouse/pension partner C B. Add Spouse/Pension Partner nformation: Gender U Female U Male Name Last First nitial C Address same as above. Date of birth (f address is different, fill in the information below.) Province 111_11111 Postal Code C. Delete Spouse/Pension Partner nformation: no longer have a spouse/pension partner due to: C Death 0 Divorce 0 Living separate and apart Name Common-law relationship dissolved Effective date of change D. s your spouse/pension partner a member of the Alberta Teachers' Retirement Fund? DYes ONo f YES, provide your spouse/pension partner's SN Your spouse/pension partner must sign below to authorize a change to their address information and provide their SN. Signature f you and your spouse/pension partner are both members of the plan, we require both signatures to authorize a change of address for both members. Signature Spouse/pension partner's signature 2015/ Barnett House, Street NW, Edmonton AB T5N 2R1 Tel Fax Toll Free Date Date WW MM DD page 1 of 2

4 NFORMATON UPDATE MPORTANCE OF REGSTERNG AS A NEW MEMBER The Alberta Teachers Retirement Fund (ATRF) maintains information about your ATRF contributions, your pensionable salary and years of service. This information will be used to calculate a benefit for you. n order to provide an annual plan member statement, newsletters and other updates, ATRF needs your current address and personal information. WHY DOES ATRF REQURE CERTAN SPECFC NFORMATON? The information is used to prepare your individualized Plan Member Statement, which contains your most current benefit entitlements, and benefits that would be paid on your death. t is sent to you annually, after your employer has finished reporting to ATRF for each school year. You can obtain a statement anytime by accessing your personal data online through MyPension or by contacting ATRF. We encourage members to update their personal details online. However, you can also use this form to report an address change. Please ensure you notify your employer of any changes because your employer reports your address to ATRF with each monthly payroll submission. f your employer still has your previous address, that information will override any change made by ATRF or by you online. Name changes cannot be reported online. You must complete this form and submit it to ATRF. f your name has changed as a result of marriage, please send ATRF your original Marriage Certificate or a certified copy. f you have changed your name for reasons other than marriage, we will require an original or certified copy of your legal change of name document. See below for further information. f you wish to change your beneficiary, you must complete an ATRF Designating a Beneficiary form. REQURED DOCUMENTS When ATRF pays you a benefit, we require certain documents to verify your eligibility. To eliminate the need to provide them later, we encourage you to send ATRF certified copies of your birth certificate or valid Canadian passport, your marriage certificate or other change of name document, and your spouse/pension partner's birth certificate or valid Canadian passport. Following is a list of the people authorized to certify photocopies: ATRF Employees Your ATRF Employer Human Resources or Payroll Personnel Bank Managers Notaries Lawyers Police Officers Doctors Members of Parliament Members of the Legislative Assembly Justices of the Peace Judges, or Officers of the Canadian Embassy Note that a Commissioner for Oaths may not certify documents. The person making the certified copy should specify that it is a certified copy of the original and sign and date the copy. SPOUSE/PENSON PARTNER NFORMATON Your Plan Member Statement contains valuable information about the benefits available to you at termination and retirement. t also includes information about Death Benefits payable to your spouse/pension partner. To calculate all of your benefit entitlements, ATRF needs to know if you have a spouse/pension partner and if so, his/her date of birth. Definition of Pension Partner (Schedule 1,s.1(1)(hh.1) of the Plan Rules) (i) (ii) a person who, at the relevant time, was married to that member and had not been living separate and apart from that member for 3 or more consecutive years, or if there is no person to whom subclause (i) applies, a person who, as at and up to the relevant time, had lived with that member in a conjugal relationship for a continuous period of at least 3 years and was, during that period, held out by that member in the community in which they lived as being in that conjugal relationship. Definition of Living Separate and Apart (Schedule 1,s.1(3) of the Plan Rules) Persons are living separate and apart (a) (b) if they are living separate and apart and either of them has the intention to live separate and apart from the other, or f, () they had been living separate and apart, (ii) the separation was interrupted or ended by reason only that either of them became incapable of continuing to live separate and apart or of forming or having the intention to continue to live apart of that person's own volition, and (iii) the separation would probably have continued if that person had not become so incapable. 2015/01 Working in partnership to secure your pension income page 2 of 2

5 1 ATRF Member nformation (please use ink and print) Beneficiary Designation Do not name your spouse/pension partner f you do not have a surviving spouse/pension partner at the time of your death, but you have dependent minor children, all benefits will be payable to them even if you have other children listed who are not minors. However, you should still designate your dependent minor children as beneficiaries on this form if you want them to be your beneficiary after they reach 18. You may name specific individuals, a charity or organization, or your estate. f you are designating a charity or organization, only the name and address are required. Member Signature This form is a legal document. ATRF requires the original, not a facsimile or photocopy. DESGNATNG A BENEFCARY nstead of completing this form, you can submit this information online through MyPension at Please read the back of this page before completing the form. Social nsurance Number 0 Ms. U Miss 0 Mrs. 0 Mr. 0 Dr. 1 1 i Date of birth Signature of Witness (not a beneficiary) Date YYYY 1 MM DO Name Last First nitial ( ) ( ) NOTE: f necessary, list additional beneficiaries on a separate piece of paper and include all information requested below. This additional list must be signed, witnessed and dated (with same date as written on this form). 0 designate the following individual(s) or organization(s): Name Last Date of birth Province Postal Code First 0 Ms. 0 Miss 1:1 Mrs. U Mr. Relationship to you Name Last First nitial Date of birth 0 Ms. C Miss 0 Mrs. 0 Mr. Province Postal Code Relationship to you 0 prefer to name my estate Note: f you name your estate, your debts must be paid first before any funds can be dispersed to your beneficiaries, and fees may be involved. When a beneficiary is named, rather than the estate, benefits are paid immediately without any fees. ncome tax must be withheld whether the benefit is paid to an estate or beneficiary. You may wish to seek further advice from a financial/estate planner. understand the above designation will cancel and replace any previous beneficiary designation may have filed with the Alberta Teachers Retirement Fund Board. Signature (must be signed in the presence of your witness) nitial 2016/ Barnett House, Street NW, Edmonton AB T5N 2R1 Tel Fax Toll Free Pule 1 of 2

6 DESGNATNG A BENEFCARY DEATH BENEFT PRORTY Plan Legislation requires that, if you die before your pension begins, benefits must be paid in the following priority: 1. Spouse/pension partner 2. Dependent minor children, if you have no spouse/pension partner 3. Named beneficiary, if you have no spouse/pension partner or dependent minor children 4. Estate WHAT BENEFTS ARE PAYABLE? Death Before Entitled to a Pension Do not name your spouse/pension partner on this form. f you die before you have enough pensionable service (generally five years) to be eligible for a pension, your beneficiary (as determined by the priority list above) will receive your contributions with interest, plus the value of any actuarial purchase of service. Death After Entitled to a Pension f you die after you have enough pensionable service to be eligible for a pension, your surviving spouse/pension partner will receive a pension equal to the amount he or she would have received if you had elected a Joint Equal Pension Option with 100% continuing to your spouse/pension partner for life (reduced if necessary to comply with tax rule maximums). f you have no spouse/pension partner but you have dependent minor children, your dependent minor children will receive double your contributions with interest plus the value of any actuarial purchase of service. f you have no spouse/pension partner or dependent minor children, your designated beneficiary or estate will receive your contributions with interest plus the value of any actuarial purchases of pensionable service. Death After Pension Begins f you die after your pension begins, the benefit will be determined by the pension option you elected at retirement. CAN CHANGE MY BENEFCARY F AM SEPARATED? f you have not been "living separate and apart" for at least three years, you are still considered to have a spouse/pension partner. This means that if your death occurs within that three-year period or before your divorce is final, whichever comes first, ATRF must pay your spouse/pension partner the death benefit. DEFNTONS Definition of Pension Partner (Schedule 1,s.1(1)(hh.1) of the Plan Rules) (i) (ii) a person who, at the relevant time, was married to that member and had not been living separate and apart from that member for 3 or more consecutive years, or if there is no person to whom subclause (i) applies, a person who, as at and up to the relevant time, had lived with that member in a conjugal relationship for a continuous period of at least 3 years and was, during that period, held out by that member in the community in which they lived as being in that conjugal relationship. Dependent Minor Children (Schedule 1,s.32(2)(a) of the Plan Rules) Definition of Living Separate and Apart (Schedule 1,s.1(3) of the Plan Rules) Persons are living separate and apart (a) (b) if they are living separate and apart and either of them has the intention to live separate and apart from the other, or if, (i) they had been living separate and apart, (ii) the separation was interrupted or ended by reason only that either of them became incapable of continuing to live separate and apart or of forming or having the intention to continue to live apart of that person's own volition, and (Hi) the separation would probably have continued if that person had not become so incapable. - a child of the deceased who, immediately before the deceased's death, was a minor, who was dependent on the deceased for support. 2016/01 Working in partnership to secure your pension income page 2 of 2