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Plan Provisions

Eligibility for P​ension

You are eligible for a pension when you are 55 years of age or older and have:
  • five years of pensionable service after August 31, 1992, or
  • five years of pensionable service that includes a period of pensionable service in each of the 1991-92 and 1992-93 school years, or
  • ten years of pensionable service.

Start of P​ension

Pensions are payable from the later of the first of the month following:
  • your 55th birthday, or
  • the termination of your last teaching contract, or
  • the last accrual of pensionable service with ATRF, or
  • the last substitute service purchased.

Unreduced P​​​ension

If you have sufficient pensionable service to be eligible for a pension, you can receive an unreduced pension, provided that;
  • the sum of your age and pensionable service is at least 85 (often referred to as the age-plus-service index of 85), or
  • you are age 65 (normal retirement).

Reduced​​ Pension

If you have sufficient pensionable service to be eligible for a pension, and you retire before you are eligible for an unreduced pension (as outlined above), your pension will be reduced the lesser of the following two calculations:

  • 2% for each year or portion of a year that your age-plus-service index is less than 85, or
  • 2% for each year or portion of a year that your age is less than age 65.

The maximum reduction is 20%.​​

Examples of Reduced Pen​sions

  • A plan member who is age 55 with 5 years of pensionable service would have an index of 60. There would be a 20% reduction in pension (25 years short of index, and only 10 years short of age 65; therefore, 10 years multiplied by 2% = 20% reduction).
  • A plan member who is age 60 with 22.5 years of pensionable service would have an index of 82.5. There would be a 5% reduction in pension (2.5 years short of index, and 5 years short of age 65; therefore, 2.5 years multiplied 2% = 5% reduction).
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