The Ontario Teachers’ Federation (OTF) and the Ontario government are using the $5.1 billion funding surplus announced in April to partially restore inflation protection for teachers who retired after 2009.
Here’s how the decision affects you:
- If you retired before 2010, you are unaffected by the surplus decision because you receive full inflation protection.
- If you retired after 2009, some of your inflation protection will be restored, beginning in 2015.
- If you are working, you are unaffected by the surplus decision because inflation increases are determined after retirement.