ERIC Number: ED266547
Record Type: Non-Journal
Publication Date: 1984-Oct
Pages: 70
Abstractor: N/A
ISBN: N/A
ISSN: N/A
EISSN: N/A
Teachers' Pensions: A Model Retirement Plan for the Future. Report of the Minister's Informal Task Force on Teachers' Pensions.
Alberta Dept. of Education, Edmonton.
The Minister of Education of Alberta, Canada established a task force in 1983 to analyze the characteristics of teachers' pension plans and to develop a model retirement plan for teachers in Alberta. The task force reviewed the legislative, structural, administrative, and financial characteristics of Alberta's existing Teachers' Retirement Fund as well as pension plans for teachers in other provinces and for other public employees in Alberta. The task force also considered concerns expressed by the Alberta Teachers' Association and by the Teachers' Retirement Fund board. This report describes the task force's membership and responsibilities, discusses its findings concerning pension fund reform, and presents its proposed model plan. Changes recommended by the task force include enacting new legislation, adjusting the level of teacher contributions, changing retirement options, adopting a new pension formula, and establishing cost of living indexing. Other considerations addressed are termination benefits, deferred pensions, and death and disability benefits. Costs and funding methods for the plan are discussed. Supplementary materials include tables comparing the legislative and administrative characteristics of the provinces' plans, the funding methods used, and the benefits provided. Appendixes present actuarial assumptions, plan variations considered and rejected, and a comparison of the model plan to preexisting recommendations. (PGD)
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Alberta Dept. of Education, Edmonton.
Identifiers - Location: Canada
Grant or Contract Numbers: N/A