OTPP Will Provide Access to an Additional Benefit for Members Working Part-Time Due to Disability or Childcare Responsibilities
The Ontario Teachers’ Federation (OTF) and the Government of Ontario, as co-sponsors of the Ontario Teachers’ Pension Plan (OTPP), have agreed to amend the terms of the OTPP to provide members working part-time due to disability or childcare responsibilities with access to an additional benefit. This additional benefit, subject to the Canadian Income Tax Act (ITA), will allow members to purchase credited pension service for periods of reduced work due to disability or childcare responsibilities. The amendment provides that member contributions for purchases of these periods of reduced work will be matched by employers.
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