It's Secure




I’m paying for my pension, and the government contributes to it too. Teachers are living longer, but plan actuaries have been continually adjusting to account for that.

 

  • Pension assets are well-diversified in stocks, bonds, real estate
    and other investment classes.
  • Contribution rates include a cushion so the plan can manage lower
    performance without increasing contributions.
  • Deficiencies in the plan must be eliminated within 15 years. The oldest current deficiency will be paid off in 2017, and then contributions may start to decrease.
  • The Alberta Teachers’ Retirement Fund Board has a dual governance model that is the envy of other public sector plans, including three members of the ATA and three appointees from government.

 
Myth: You’ll be lucky to get the money that you put into your pension back out.

Fact: Third-party valuations are done every three years to ensure that contribution rates and growth expectations are sufficient to pay out any pensions earned.