The filed record
TTC Pension Plan Bylaw Amendments
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The decision
2025-06-23 · Toronto Transit Commission Board · adopted
As filed
The TTC Board 1. Approved the recommended changes to the TTC Pension Plan Bylaw, by: a. Updating the base year period used to calculate retiring TTC employees' pension to include 2024 and to provide a 2.69% increase to former members currently in receipt of a pension; and b. Adopting housekeeping amendments to the Bylaws as set out in Attachment 1.
On the agenda
As the city filed it
The TTC Pension Fund Society (TTC Pension Plan/TTCPP) Board of Directors approved changes to the TTCPP Bylaws as follows: To update the base year period used to calculate retiring TTC employees' pension to include 2024 and to provide a 2.69% increase to former members currently in receipt of a pension. Based on TTCPP's strong financial position, both base year updates and pensioner cost of living increases have been provided annually since 2011.
Show the rest of As the city filed it, 532 more characters as filed
TTCPP Board of Directors have approved several housekeeping updates to correct cross-references within the Bylaws. These revisions are clerical in nature and do not alter the meaning, intent or application of the Bylaws. Pursuant to TTCPP Bylaw 3.09, TTC Board sanction is required for the Bylaw Amendments to be effective. The amendments will be before the TTC Board for consideration on June 23, 2025 and membership approval of these amendments will be requested at the next Annual General Meeting (AGM) of TTCPP on June 28, 2025.
Staff recommended
It is recommended that the TTC Board: 1. Approve the recommended changes to the TTC Pension Plan Bylaw, by: a. Updating the base year period used to calculate retiring TTC employees' pension to include 2024 and to provide a 2.69% increase to former members currently in receipt of a pension; and b. Adopting housekeeping amendments to the Bylaws as set out in Attachment 1.
On the record
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