June 12, 2017 — Inflation protection for pension credit earned after 2009 is increasing to 100% from 90% of the annual increase in the cost of living. In addition, members still working will see their contribution rates decrease by 1.1%*. Both changes are effective January 1, 2018.
The Ontario Teachers' Federation (OTF) and the Ontario government, which jointly sponsor the Ontario Teachers' Pension Plan, are using some of the $11.5 billion funding surplus reported in March to restore inflation increases. Some surplus funds will also be reserved to help facilitate stability in contribution and benefit levels should a future funding valuation show a decline in assets or increase in pension costs.