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Your termination options if
the divestment provisions don't apply

TABLE OF CONTENTS
YOUR TERMINATION OPTIONS IF THE DIVESTMENT PROVISIONS DON'T APPLY
VESTING
ADDITIONAL OPTIONS IF YOU ARE LAID OFF
RECIPROCAL TRANSFER AGREEMENTS
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Additional options if you are laid off

If you do not start to work for the new employer in conjunction with the divestment and you receive a surplus notice from your OPTrust employer, you may be eligible to receive a pension under additional provisions of the OPSEU Pension Plan. These include:

Bridging – you may also be able to “bridge” to an unreduced pension. Bridging requires special provisions in your collective agreement allowing the use of leaves of absence, your surplus notice period and the period represented by severance payments to reach the date on which you become eligible for one of the Plan’s unreduced early retirement options.

 

 

 

 

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