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If you’re a full-time employee of the Toronto Transit Commission (TTC), the Amalgamated Transit Union (ATU) Local 113, or TTCPP and have completed six months of continuous service, you automatically become a member of TTCPP and will start making pension contributions. Your credited service starts accruing as soon as your employer deducts pension contributions from your pay. Once you become an active member, you’ll receive a welcome package from us with everything you need to start building your secure financial retirement.
If you’re a part-time or temporary employee, membership in TTCPP is optional. You can choose to join after you’ve completed six months of continuous service. Give yourself the peace of mind of knowing that, when you retire, you will receive a secure pension for life.
TTCPP offers exceptional features and benefits, including:
To enrol, complete the Plan Enrolment for a Part-time or Temporary Employee form and send it to firstname.lastname@example.org. Your enrolment in the Plan will be for the pay period ending in which your application is received. You cannot backdate your application and your membership cannot be cancelled.
Can I transfer my service from another employer to TTCPP?
Our Bylaws don’t allow for transfers from another employer to TTCPP.
As a Plan member, you contribute a percentage of your earnings each pay period to the Plan, and these contributions are matched by your employer. The amount you contribute is based on a percentage of your earnings and are tax deductible. You pay no income tax on the matching portion that your employer contributes.
When you become a member of TTCPP, as soon as you start contributing to the Plan, your entitlements are vested and you have earned a right to receive a pension benefit.
What does it cost?
Your contribution is based on the year’s maximum pensionable earnings (YMPE) formula:
of your earnings up to
of your earnings above
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