நோவா ஸ்கோடியா சமூக கல்லூரி தொழிற்சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from நோவா ஸ்கோடியா சமூக கல்லூரி தொழிற்சங்கம். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In நோவா ஸ்கோடியா சமூக கல்லூரி தொழிற்சங்கம் Today - Breaking & Trending Today

Expert Panel to Make Recommendations on Teachers' Pension Plan - Government of Nova Scotia, Canada


Expert Panel to Make Recommendations on Teachers’ Pension Plan
January 13, 2021 - 10:15 AM
The province and Nova Scotia Teachers Union (NSTU) have appointed an independent three-person expert panel to recommend ways to protect and strengthen the Teachers’ Pension Plan.
The plan has an unfunded liability of $1.5 billion and a funded ratio of 78.2 per cent as of Dec. 31, 2019. While there is no immediate risk the plan will be unable to meet its ongoing pension obligations, NSTU and the province, as joint parties of the plan, have a shared obligation to address the plan’s liability so teachers, like other public sector employees, have pension benefits that will provide financial stability during retirement. ....

Mark Furey , Morneau Shepell , Elizabeth Brown , Conrad Ferguson , Brown Mills Klinck Prezioso , Nova Scotia Teachers Union , Nova Scotia Community College Academic Union , Public School Administrators Association Of Nova Scotia , Ontario University Pension Plan , Teacher Pension , Ontario University , Pension Plan , New Brunswick , Nova Scotia Teacher Pension Plan , Teacher Pension Plan , Public School Administrators Association , Nova Scotia , Nova Scotia Community College Academic , குறி பூரேய் , மொர்னேஔ ஷெப்பல் , எலிசபெத் பழுப்பு , கான்ராட் ஃபெர்குசன் , நோவா ஸ்கோடியா ஆசிரியர்கள் தொழிற்சங்கம் , நோவா ஸ்கோடியா சமூக கல்லூரி தொழிற்சங்கம் , ஆஂடேரியொ பல்கலைக்கழகம் ஓய்வூதியம் திட்டம் , ஆசிரியர் ஓய்வூதியம் ,

Independent panel to examine pension plan for Nova Scotia teachers


 
HALIFAX
An independent three-person panel has been appointed to examine ways of strengthening the pension plan for Nova Scotia s teachers, which had a massive unfunded liability of $1.5 billion as of 2019.
The province says while there is no immediate risk the plan will be unable to meet its pension obligations, it has a shared obligation with the Nova Scotia Teachers Union to address the liability issue.
The teachers pension plan is one of the largest public sector plans in the province, with 32,647 members, including 13,705 retirees and survivors, 12,979 active members and 5,963 inactive members as of 2019.
Agreed to in October, the panel is to consult with teachers and other plan members before submitting recommendations to make the plan fully funded by Dec. 31. ....

Mark Furey , Paul Wozney , Elizabeth Brown , Conrad Ferguson , Nova Scotia Teachers Union , Brown Mills Klinck Prezioso , Nova Scotia Community College Academic Union , Public School Administrators Association Of Nova Scotia , Nova Scotia , Gale Rubenstein , Labour Relations Minister Mark Furey , Public School Administrators Association , Nova Scotia Community College Academic , Halifax News , Maritime News , Prince Edward Island , New Brunswick , Halifax Regional Municipality , Cape Breton , Saint John , Covid 19 Canada , Covid 19 , Coronavirus Canada , Covid 19 Nova Scotia , Nova Scotia Covid 19 , Covid Nova Scotia ,