ARTICLE 27: SUPERANNUATION OF TEACHERS
27.01 The Government and the Newfoundland and Labrador Teachers’ Association hereby acknowledge and agree that the Teachers’ Pension Plan shall be administered by the Teachers’ Pension Plan Corporation in accordance with the Teachers’ Pension Plan Reform Agreement and the Joint Sponsorship Agreement between the parties, dated June 15, 2015 and March 15, 2016 respectively.
27.02 The Government agrees that it will not change any of the provisions of the Pension Plan which will reduce the pension benefits available to teachers without the consent of the Newfoundland and Labrador Teachers’ Association. It is further agreed that any change in the level of contribution to the Teachers’ Pension Plan will be made only after consultation and agreement between the parties.
27.03 Teachers employed as teaching and learning assistants shall have the same rights and benefits as other teachers as members of the Teachers’ Pension Plan.