Starting an immediate pension| TABLE OF CONTENTS |
| STARTING AN IMMEDIATE PENSION |
| UNREDUCED PENSION |
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PENSION AT AGE 65 FACTOR 90 60/20 |
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| BRIDGING TO AN UNREDUCED PENSION |
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| REDUCED PENSION |
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| CALCULATING YOUR OPTRUST PENSION |
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If you are vested when your employment ends, you may be eligible to
receive an immediate pension from OPTrust, depending on your age and
your credit in the Plan.
Unreduced pensionUnder the OPSEU Pension Plan, you are eligible to retire with an immediate unreduced pension if you qualify for one of the following options.Pension at age 65 The normal retirement age under the OPSEU Pension Plan is 65. If you are vested and are age 65 or older, you are entitled to an unreduced pension based on your credit. Factor 90 Under the Factor 90 provision, you can retire with an unreduced pension if your age plus your credit total 90 years or more. 60/20 If you are at least 60 years old and have 20 or more years of credit, you are eligible for an unreduced pension under the Plan’s 60/20 option.
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