THE TEACHERS’ SUPERANNUATION ACT PASSED IN ONTARIO

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Teachers’ Superannuation Act

The Ontario legislature passes the Teachers’ Superannuation Act to provide teachers with pensions.

There are 14,000 members in the plan, who need 40 years of service to get an unreduced pension based on their best 15 years’ earnings.

The maximum pension is $1,000 per year, but the average is closer to $250.-