April 14, 2021

The NLTA is pleased to report that the Teachers’ Pension Plan (TPP) had another very positive year, achieving an end of year value of $5.98 billion.

In 2015, the funding ratio of the TPP was 62.7% and the plan was projected to be exhausted within 30 years, placing retirement income for all teachers at risk. As a result of the 2016 Joint Sponsorship Agreement negotiated by the NLTA, and the Strategic Investment Plan that has been implemented by the Teachers’ Pension Plan Corporation, the value of the pension fund has grown and now has an estimated funding ratio of 114.9%, as of December 2020.

Members of the TPP should understand that funding valuations represent a “snapshot” of the health of the fund at one point in time. The five year trend for the fund shows that the health of the plan is progressively positive and ahead of the projections made in 2016, when the Joint Sponsorship Agreement was reached. 

The NLTA is dedicated to building a secure retirement future for its members and promoting a pension management style and strategy that will provide the greatest reward with the least amount of risk.

Further information can be found through the following link.