Retirement Transition Offerings
A quick reminder that if you’re planning on offering employees a retirement transition program, it’s important that you and your teachers follow the necessary steps to ensure that they qualify and apply for their pension.
It is important for the teacher to follow the steps below in the correct order:
- The teacher confirms their acceptance of the retirement transition program offer directly to you.
- The member applies directly to ATRF for their pension before their new teaching contract begins. Any teacher that does not apply for their pension before their new contract begins will be required to contribute to ATRF under their new contract and will not be eligible to commence their pension. Before reporting the member service record as ‘pensioner’, contact ATRF to verify that they have applied for their pension.
On a similar note, if you are offering a new teaching contract to a teacher that might already be eligible for a pension, it’s always beneficial to remind these employees to contact ATRF before they accept the new teaching contract to understand the impact on their pension entitlements.
Please give us a call or email us at email@example.com if you have any questions about this process.