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Old 01-12-2024, 12:50 PM   #17224
opendoor
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Join Date: Apr 2007
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Quote:
Originally Posted by Locke View Post
No one cares how old they are, its about 'length of service.'
No, you need to be 55 or older to collect:

Quote:
You are eligible for a pension when you are 55 years of age or older and have:
  • Five years of pensionable service after August 31, 1992, or
  • Five years of pensionable service that includes a period of pensionable service in each of the 1991-92 and 1992-93 school years, or
  • Ten years of pensionable service.
https://www.atrf.com/planning-your-r...d-eligibility/

Beyond the 5/10 year requirements above, length of service has no impact on eligibility. Service length is used (combined with age) to determine whether your pension will be reduced or not.


And as Eric Vail mentioned above, anyone collecting the pension can only work up to a 0.6 FTE with an ATRF employer before they begin to lose their pension payments dollar for dollar:


Quote:
If you return to teaching on a contract with an ATRF employer after you retire, you need to know there is a limit to the amount of service you can in the school year before your pension is impacted. That limit, as outlined in the Teachers’ Pension Plan and the Private School Teachers Pension Plan (the plan rules), is 0.6 years of service. This is also known as the “0.6 rule”.


When this limit is reached, your monthly pension payment will be reduced dollar-for-dollar by the amount of monthly you earn, without creating any negative balance on your pension. Once you have reached 0.6 years of service, you will receive a letter from us advising you of the adjustment to your pension.
https://www.atrf.com/returning-to-teaching/
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