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THE HERALD Saturday February Page Teachers pensions will have protection against inflations In December of the Ontario Government passed Bill related to the Ontario Teachers Superan nuation Plan There has been a great deal of comment about these changes and some of that comment indicates there is confusion about what the government has done in recent legislation The job teachers do is vitally im portant and stressful and their con tribution ensures the high quality of education in Ontario Teachers have negotiated one of the best pension plans in the world It is ful ly indexed to the cost of inflation and a teacher In todays system does not need to fear financial in security updn retirement If a pension plan is to guarantee full Inflation protection when a per son retires it is absolutely im perative that each contributor pays Into the fund money enough to generate an income equal to the pay out in the future Unfortunate ly when full inflation protection was added to the plan in the mid 70s the contribution rate was set too low by the government of the day This led to what was before the passage of Bill 66 a billion actuarial deficit With the passage of the bill teachers will be paying per cent of their wages into the plan and the Government of Ontario will con tribute an equal amount for their employers This is sufficient to provide a fully indexed pension for retiring teachers The present ac tuarial deficit of billion will be covered by the government over the next several years The Superannuation Commis sion which runs the fund will be replaced by a board During the long negotiations concerning the make up and powers of this board the government suggested three possible alternatives to the teachers negotiators The first was a totally government controll ed plan which was quickly rejected by everyone The second was a totally teachercontrolled plan in which teachers representatives would have total control of the fund Teachers Federation representatives indicated that while this might be the ultimate goal they felt it was premature at this time This left the idea of an St Johns UCW installs its officers for 1990 By DOREEN DENSMORE Herald Special The Annual Meeting of St Johns United Church Women on Jan was held at the church and com menced with a delicious supper Prior to the meal Rev Nancy Knox asked the blessing Our guests were four husbands who had kindly consented to come and clear up after the meal thus enabling us to continue uninter rupted with our annual meeting They were Bob Collett Richard Hogan Trevor Williams and Manley Densmore Acting presi dent Ruth Kelly thanked them for their help The following announcements were noted to be held at Erin United Church on Wednesday Jan Annual Meeting at Shelburne on March The four voting delegates to this meeting will be Kathryn Latimer Ruth Kelly nice Nichols and Densmore A request has been received from Amnesty Interna tional to send greeting cards to four people that are imprisoned The business was dealt with and foodstuff A BULK FOOD STORE SO MUCH MORE LUNG ASSOCIATION or Me Did TEAS COFFEES SPECIAL THIS WEEK CELESTIAL SEASONINGS TEAS Reg 295 Good service good coverage good price- Thats State Farm insurance 1 Guelph SI Georgetown 8731833 Like a good neighbor State Farm is there FARM INSURANCE equal partnership between the government and the teachers federation as the most viable alter native The government wished to honor its commitment to cover the pre sent billion deficit It also wish ed to have the new legislation in place quickly to prevent the bill to the taxpayers from getting any larger When negotiations for an equal partnership could not be completed quickly the government structured the legislation to tem porarily weight the board in the favor of government represen tatives The bill was also struc tured so that no new legislation would be necessary to change to an equal partnership when the last issues were resolved There is really only one major issue left to resolve The teachers negotiators want disputes to be set tled by compulsory binding ar bitration The government not wish to allow a single individual to determine the fate of the several billion dollars contributed by the Ontario taxpayer When that is set tled Bill allows for an easy tran sition to an equal partnership in the running of the superannuation fund We have come a long way from the former paternalistic ap proach When the last issues are resolved we will have developed a system where all parties are pro tected and all parties have equal input into decisions Guest speaker Anyone interested in the law and how it applies to young of fenders can join the Georgetown University Womens Club for a guest speaker Feb Wright who has worked with the Ontario Ministry of Cor rections for years will be speaking at Centennial Public School at830pm Her presentation will focus on the Young Offenders Act a law passed in Canada in Ms Wright will discuss the acts im plications on todays youth the community and the nation Bus crashed A school bus that crashed on Tenth Line near Sideroad 22 Jan 17 at 830 am was not being used for school purposes police say The driver of the Interna tional was attempting to drive northbound on Tenth Line when the bus went out of control on a patch of ice The bus hit two trees and spun around to come to rest on a snowbank on the west side of the road reported police The bus had no passengers and the driver was not injured police say However a tree was broken and the bus sustained moderate DON LTD ANNOUNCEMENT Don Robertson Chrysler Is proud to announce the addition of ANDREW DILLON to his sales staff Andrew brings his many years of experience to us and we encourage you to contact him for professional service 324 QUEEN STREET EAST BRAMPTON ANDREW DILLON Toll Free Pager 14165597850 Serving the Georgetown Area annual reports were presented and approved Outreach chairperson Norma Nokes will send sympathy cards to Myra and Charlotte Ironside The members of Unit A presented a very meaningful wor ship service with Hilda Darcie giv ing a slide presentation which was interspersed with appropriate readings by Bette and Kay McCumber The unit sang All Things Bright and Beautiful which certainly ap plied to the breathtaking beauty on Hildas slides Marilyn Mitton ac companied on the piano Rev Nancy Knox conducted the installation of the officers and then spoke on Change and Our Feelings Relating to Change The meeting closed with prayer Main Stmt South Downlown Georgetown 8731470 For All Your Fine China Silver Crystal Glftware MAIN ST MILTON 8780050 ELLS DRIVING SCHOOL Approved by the Ontario Safety League NEW COURSE Feb 5th Feb 28th 630930 pm For Information About Courses or Private Lessons phone 8772671 But Before Heading South Be TANNED TONED And Feel TERRIFIC TANNING SESSIONS Provide A Base Tan