Understanding the legislation
The OPSEU Pension Plan is subject to Ontario’s Pension Benefits
Act (PBA). The PBA contains important provisions concerning divestments.
These provisions protect the pension benefits you have accrued with the
OPSEU Pension Plan, when your branch or unit is divested. When a divestment
occurs, the PBA may impose special obligations on both the OPSEU Pension
Plan and the new employer’s pension plan, if the new employer has
a registered pension plan for you. These obligations may provide individuals
who are affected by a divestment with special rights and entitlements.
The divestment provisions may also place restrictions on the termination
options available to you in a divestment situation.
Each divestment case has to be examined individually to determine if
the divestment provisions apply. If you are uncertain, please contact
OPTrust. Decisions about whether there is or is not a divestment for
pension purposes are made by OPTrust, not by employers or members.