Reciprocal Transfer Agreements
If you leave the OPSEU Pension Plan and start to work with an
employer who participates in another pension plan, you may be eligible
to transfer your OPTrust pension directly to your new pension plan,
provided you are not covered by the divestment provisions under
the PBA.
The OPSEU Pension Plan has reciprocal transfer agreements with
19 Canadian public and broader public sector pension plans. Even
if OPTrust does not have a transfer agreement with your new plan,
you may still be able to transfer your pension. There are important
deadlines under these arrangements. For more information on transferring
your pension and an up-to-date list of plans that have transfer
agreements with OPTrust, please see OPTrust’s Fact Sheet Transferring
Pension Credit Out of the OPSEU Pension Plan or contact our
Member and Pensioner Services staff.
Important: If
you are moving to a new employer in a divestment situation, you
cannot transfer your “special deferred pension” from
OPTrust to your new plan.
|
