Plan update: sick leave beyond 10 days
January 28, 2013
Under the Putting Students First Act, teachers are eligible to receive 66.7% or 90% of salary through a short-term sick leave arrangement.
In the Fall 2012 issue of Pensionwise, we reported that you will receive full service credit, regardless of the rate, but that your pensionable salary and actual contributions paid will be reduced.
A recent Teachers' plan amendment, retroactive to Sept. 1, 2012, now requires that your full pensionable salary be reported. This will require additional contributions to support the increase in pensionable salary. Your employer will deduct the additional contributions from your salary.