Will you receive insured benefits?

The Government of Ontario provides post-retirement health and dental benefits to eligible OPTrust pensioners. You, your spouse and your eligible dependent children may be entitled to insured benefits, if you meet one of the following criteria:

i) you are receiving a pension based on at least 10 years of credit in the OPSEU Pension Plan or its predecessor, the Public Service Pension Plan (PSPP),

OR

ii) you are receiving a pension based on at least 10 years of continuous employment and have some credit in the OPSEU Pension Plan for at least some part of each of those ten years.

Insured benefits for eligible pensioners include coverage for dental, supplementary health and hospital, and basic life insurance. The Government of Ontario pays the premiums for these benefits. For pensioners who require vision care and hearing aid plan coverage, there is a small premium, which is deducted from the monthly pension payment. At the date of publication of this booklet, the pensioner pays about 22% of that premium and the Government of Ontario pays the balance.

The premiums for basic life insurance are paid by your former employer and are a taxable benefit. For details on insured benefits, please refer to the Management Board Secretariat publication: A Guide to your Benefits – After Retirement. This booklet is available from OPTrust.

If you qualify based on your credit or service at the time you are divested, you will be eligible for coverage when you start to collect your pension from OPTrust. If you do not have enough credit or service in the Plan on the date when you are divested, then you will not be eligible for these benefits.