New Brunswick Teachers’ Pension Plan
10 YEARS OF THE NBTPP: The Board of Trustees held an Annual Information Meeting on October 9, 2024, where they spoke to the history of the Plan, where it is today, and the outlook for the future. View a recording of the meeting here.
They also announced the indexing adjustment benefit, or cost of living adjustment, for all Plan members effective of January 1, 2025. See the Indexing Adjustment Benefit section below for more information.
NBTPP EMPLOYEE STATEMENTS OF PENSION BENEFITS
If you were an active member of the NBTPP during the 2023-2024 school year, your Employee Statement of Pension Benefits should arrive by mail this month. Your Employee Statement of Pension Benefits provides you with personalized estimated pension amounts as of August 31 of a given year. Use your statement with Vestcor’s Online Pension Estimate Calculator to obtain an estimate of your future monthly pension.
FALL NEWSLETTERS NOW AVAILABLE.
View the interactive version of your Fall 2024 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
If you are unable to view the newsletter above, access the Active PDF version here and the Retiree PDF version here.
Applying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement ChecklistPension Estimate FormStatutory Declaration with Proof of Marriage (Form SD1)Statutory Declaration of Common Law Partner (Form SD2)Termination | Retirement FormHow your Indexing Adjustment Benefit is calculated by your Plan’s actuary is explained in these resources.
Explaining the Cost of Living/IAB Increase – January 1, 2025 (NBTPP)Explaining the Cost of Living/IAB Increase – January 1, 2024 (NBTPP)Explaining the Cost of Living/IAB Increase – January 1, 2023 (NBTPP)Explaining the Cost of Living/IAB Increase - January 1, 2022 (NBTPP)Explaining the Cost of Living/IAB Increase - January 1, 2021 (NBTPP)Explaining the Cost of Living/IAB Increase - January 1, 2020 (NBTPP)Explaining the Cost of Living Increase - January 1, 2019 (NBTPP)Wonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your PensionThe Board of Trustees is pleased to share the Plan’s first Responsible Investment Report. This report accounts for how environmental, social, and governance (ESG) related issues are considered when making investment decisions for the Plan.
NBTPP Responsible Investment Report 2024Above you will find a video version of the Employee Presentation which is usually carried out in person by Vestcor’s Member Services Team. It is separated into the following topics:
- Governance of the NBTPP
- NBTPP Pension Contributions
- Vesting Under the NBTPP
- Benefits Accumulated Under the NBTPP
- CPP Integration and Your NBTPP Pension
- What Can Impact Your NBTPP Pension Amount?
- Keeping Track of Your NBTPP Pension Benefit
- Forms of Pension Under the NBTPP
- Schedule of NBTPP Pension Payments
- NBTPP Benefits Payable Upon Termination or Death
- Other Provisions That May Impact Your NBTPP Pension
- Thinking About Retiring as an NBTPP Member
If there is a specific topic that you are interested in, hit play on the video above, then skip ahead using the controls that appear in the bottom left corner. You can also click on any of the topics listed.