Pension

Report to the 2018 AGM 

Respectfully submitted by JoAnne Hoyak, Chair (MacGregor)

Members: Bill Cann (Winnipeg), Julian Hoyak (MacGregor), Alison Logan (Winnipeg), Rudy Peters (Winnipeg), Peggy Prendergast (Winnipeg) 

Six committee meetings were held during the 2017-2018 year.

Major issues on the pension agenda included:

  1. Reaction to the Pension Commission’s recommendations for reforms to The Pension Benefits Act. The Pension and the Political Advocacy committees jointly with MTS submitted a response to the government.
  2. Continued vigilance and opposition to the Federal government’s Bill C-27 which may set precedence and impact existing pensions and the defined benefit security they offer now.
  3. Monitoring the status of the joint agreement with MTS and accepted by the TRAF Board as to the dispersal of the restricted surplus. TRAF has sent it to the government and it is, at present, in the hands of the Treasury Board.
  4. Appointment of an RTAM member to the TRAF Board. The protocol for the selection process has been initiated by the committee.
  5. Continued communication with senior support groups such as the Manitoba Seniors Coalition and the Canadian Coalition for Retirement Security with whom ACER-CART is connected and who submitted a brief to the Manitoba government in opposition to the Pension Commission Reform recommendations.
  6. Concern regarding the status of the COLA going forward now that Bill 45 has ended. Minister Wishart gave his assurance that the situation would simply revert to that of pre-Sale report days. The COLA as of July, 2018 is 1.15%.
  7. Continuation of the tradition of meeting with our provincial representatives to keep our issues current and at the forefront: Education and Training Minister Ian Wishart in February, NDP leader Wab Kinew and Education critic Matt Wiebe in March and also, Liberal leader Dougald Lamont in March.

WHO WE ARE

Retirement is a time of transitions. Throughout your career you belonged to the Manitoba Teachers’ Society (MTS), but upon retirement you are no longer a member. The Retired Teachers’ Association of Manitoba (RTAM) exists to serve retired teachers. We invite you to join the growing number of RTAM members and enjoy the benefits of belonging.

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