01/06/07                                  

CRTA Pension Policies

The CRTA advocates the following regarding the Alberta Teachers' Pension Plan

PP1.   That following resolution of the unfunded liability, the Teachers' Pension Plan be removed from control by government.

PP2.   That retired teachers and practicing teachers be equal stakeholders of the plan with equal  representation on the Board which governs and administers the plan.

PP3.   That the plan be governed and administered by a Board that represents and is accountable to plan contributors, teachers in receipt of pensions and, where applicable, to surviving spouses and teachers who have contributed but are inactive.

PP4.    That there be defined for the plan, an ongoing process for assessing and forecasting the needs of retirees, for determining the degree to which the plan is meeting the needs of retirees and a process for change and improvements in the plan.

PP5.    That the plan be disassociated from the Canada Pension Plan.

PP6.    That a bridge benefit be provided until disassociation can be effected.

PP7.    That a plan be developed for addressing the shortfall that retired teachers have suffered  since it became possible for teachers with full index to retire at age 55.

PP8.    That the Advance - Reduction provision be eliminated when disassociation is achieved.

PP9.    That Cost of Living provisions be 100% of inflation.

PP10.  That analysis be done to determine whether the Alberta Consumer Price Index or an  alternative more accurately reflects the cost of living in Alberta and that Cola be 100% of the more accurate index.

PP11.  That the salary rollbacks of 1994/95 be investigated to determine the extent to which  teacher pensions were affected and that action be taken to address teacher losses. 

PP12.  That the Premier be requested to honor his promise to fix salaries after the debt was paid.

PP13.  That a joint-unreduced spousal benefit be the norm for the Teachers’ Pension Plan instead of a reduced benefit.