Teachers pension plan in limbo as union seeks to reduce cost

  • August 7, 2021

A new proposal from the Ontario Teachers Pension Plan has been put on hold after a federal judge ruled it could lead to a massive cut to pensions for some teachers.

The Teachers Union said in a news release on Wednesday that it will seek a delay of the union’s planned pension plan for teachers from June 30 to August 4.

It said the union would be able to fund the plan through its annual general fund budget, which it said is about $1.5 billion.

But Ontario Superior Court Justice Mark Brossard ruled that would not be enough, and that the union needs to consider “other alternatives” to ensure the plan is sustainable.

Brossard said the plan, which the union called the “fidelity” plan, was not financially sound.

The judge also said that the teachers pension plan had to be considered in the context of Ontario’s “continuing fiscal crisis.”

“The current plan has the potential to be substantially reduced if it is not properly planned and implemented,” he wrote.

The judge’s ruling comes a day after the government introduced a new provincial pension plan, dubbed the “Fidelity” Plan.

That plan is aimed at making teachers’ pensions more affordable and is currently funded by about $2.6 billion from the provincial and federal governments.

Ontario’s chief financial officer said the new pension plan was “more cost effective” than the previous plan, the “simplification” plan.

The government’s plan is expected to save $1 billion annually by 2020, according to the province.

What you need to know about the Oklahoma firefighters who died in the Oklahoma City Bombing

  • July 9, 2021

AUGUSTA, Okla.

(AP) More than 30 people were killed and more than 600 injured when a homemade bomb detonated in a classroom in the school building in the heart of Oklahoma City on Wednesday, officials said.

Officials said a man opened fire with a shotgun on about 6:30 a.m.

(8:30 p.m.) in the classroom at the Dorcas Elementary School in the northeast Oklahoma City neighborhood of Dorcas.

The blast sent a fireball into the classroom, destroying the classroom and the nearby building.

Authorities said one person was in critical condition after surgery, while two others suffered non-life threatening injuries.

It was not clear if the two men were related.

Authorities evacuated the building and the surrounding area.

The school is part of a private elementary school, which has about 2,300 students.

There are more than 4,000 children enrolled in the nearby Oklahoma State Fairgrounds.

The building was constructed in 1965 and has a roof-to-ceiling window on each side of the school, said Kevin Smith, the superintendent of Doras Elementary School.

He said authorities were trying to determine the motive for the attack, but did not have enough information to say whether the bomber had been known to the school.

The building has a history of problems, he said.

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