Retirement and Pension
Click on these questions to find answers and to see tools or resources to plan for retirement.
The process of retiring is actually not that complicated but there are a few important steps.
There are template retirement letters available to be used for any retiring teacher.
Regardless of how long a teacher has been teaching it is important to know when retirement can happen and to plan for that day.
Learn more about the people who invest and manage the NB Teachers pension.
Try this pension calculator. You will need your Employee Statement of Pension Benefits.
When supply teachers meet certain conditions, they are eligible to pay into the pension plan. When does that happen and how does it work? Learn more here.
Another source of pension income for teachers is CPP. Drawing of CPP actually has no impact on a teachers pension.
Other than a teacher’s pension, all teachers receive a lump sum payment when they retire. Learn more about what this is.
Sometimes teachers need time off when it is not a holiday or summer. Learn how to do that in a variety of ways:
Watch this video on forms of pension.
There is a spousal benefit payable to a surviving spouse. Watch this video to learn more.
Unfortunately, life happens and sometimes it is best to move out of a relationship. Oftentimes, this involves the division of pension assets. Learn more about this here.