Pension Consultations
Pension Consultation Report
Following four months of local meetings and analysing the survey responses of over 8,000 pension plan members, the Pension Consultation Report to the 2010 Annual General Meeting is now online. Follow the link to see what members had to say about their pension and cost of living indexing into the future.
Pension consultations: The process
The BCTF pension consultation team concluded its visits to locals on December 1. A total of 78 sessions were held with every local for all members of the Teachers’ Pension Plan. Approximately 5,000 pension plan members attended. The Retired Teachers’ Association offered concurrent presentations at selected chapter meetings.
The online survey was closed on Friday, December 4, 2009. There were over 8,200 online responses to the survey and an additional 160 paper surveys were mailed in to the BCTF office.
After the Research Department completed its analysis, a draft report was prepared by staff and presented to members of the BCTF Pensions Committee on January 11, 2010. This subcommittee drafted preliminary recommendations, which were reviewed by the BCTF Executive Committee and passed on to the full Pensions Committee and Teachers’ Pension Plan Advisory Committee to finalize wording.
The report, with draft recommendations, went to the BCTF Executive Committee for consideration and debate at their meeting in early February. The BCTF Executive Committee presented their recommendations to the Annual General Meeting in March.
The Annual General Meeting heard a report from the Pensions Committee and then debated and voted on the recommendations and local resolutions that stemmed from the report. The Annual General Meeting decisions were forwarded to the Teachers’ Pension Board of Trustees.
The trustees met in March to consider the input from members and the plan partner and make decisions regarding the future of subsidies to the Extended Health Benefit and indexing. The Board of Trustees must act independently in the best financial interest of the plan.
The Teachers’ Pension Board of Trustees announced their decisions in April 2010.
If you have any comments or questions regarding the Pension Consultation, please contact:
Arnie Lambert, alambert@bctf.ca, or Rob Taylor, rtaylor@bctf.ca.
Pension consultation presentation and supporting documents
The following documents are in PDF format.