Executive Council
Finance
April 9, 2015
Public Sector Employees Benefit from Successful Negotiations
Government Reaches Agreement in Principle with Teachers' Association to Secure Pension Plan
The Provincial Government and the Newfoundland and Labrador Teachers’ Association (NLTA) have reached an agreement in principle that sustains the Teachers’ Pension Plan. The Honourable Paul Davis, Premier of Newfoundland and Labrador, announced the conclusion of an agreement today at the NLTA's Biennial Meeting in St. John’s.
“Teachers in our province dedicate themselves to educating and nurturing our children and their enthusiasm and professionalism should be commended. Through this agreement, we are helping to ensure that once our teachers retire they have access to a sustainable pension fund. This government has worked hard to secure our pension plans so that all public service employees, including teachers, can feel confident in their future. I want to thank NLTA President Jim Dinn and the NLTA negotiating team for their dedication throughout the negotiating process.”
- The Honourable Paul Davis, Premier of Newfoundland and Labrador
The agreement in principle ensures the sustainability of the Teachers' Pension Plan and provides for a joint trusteeship for the future.
“This is a historic agreement that provides stability to sustain the teachers’ pension plan. The Premier and Minister of Finance were instrumental in achieving the agreement.”
- James Dinn, President of the Newfoundland and Labrador Teachers’ Association
Teachers throughout the province will be provided with details of the agreement in principle in the coming weeks.
“I am pleased with the work that has gone into reaching this agreement in principle. Our government, together with the NLTA, has secured the teachers’ pension plan for future years. This is another example of this government's commitment to the public service.”
- The Honourable Ross Wiseman, Minister of Finance and President of Treasury Board and Minister Responsible for the Human Resource Secretariat
Founded in 1890, the Newfoundland and Labrador Teachers' Association is a professional organization representing approximately 6,000 teachers in Newfoundland and Labrador.
QUICK FACTS
- The Provincial Government and the Newfoundland and Labrador Teachers' Association (NLTA) have reached an agreement in principle that sustains the Teachers' Pension Plan.
- The agreement in principle ensures the sustainability of the Teachers' Pension Plan and provides for a joint trusteeship for the future.
- Teachers throughout the province will be provided with details of the agreement in principle in the coming weeks.
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Media contacts:
| Heather Maclean Director of Communications Office of the Premier 709-729-3581 heathermaclean@gov.nl.ca | Donna Ivey Special Assistant, Communications Office of the Premier 709-729-3551, 699-2402 donnaivey@gov.nl.ca |
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Jennifer Tulk Director of Communications Department of Finance 709-729-6830, 728-4104 jennifertulk@gov.nl.ca |
Lesley-Ann Browne NLTA Communications 709-682-3751 labrowne@nlta.nl.ca |
2015 04 09 2:55 p.m.