Posted on June 27th, 2007 No comments
There has been a small number of teachers who have had pension service reported incorrectly by their board to the Teachers’ Pension Plan (TPP), for periods when they worked less-than-half-time prior to 1993. As well, members may have other periods of service reported incorrectly.
All members are advised by both the BCTF and the TPP that they should check the accuracy of the service recorded and reported to them annually on their Member’s Benefit Statements. Neither the local, nor the BCTF, have personal pension information for members, and while members receive this advice, they do not always act on it.
As service is usually not adjusted after retirement, the most important time for members to ensure the accuracy of their service is when they retire. If a member believes that their service is inaccurate, they should check what was reported by the employer.
It would be helpful if you could pass this message on to any teachers who are retiring this year.
Any teachers with questions regarding this message can contact me at the numbers below.
Director, Income Security Division
British Columbia Teachers’ Federation