Divestments

Ontario’s Pension Benefits Act sets out special rules to protect your pension if your branch or unit is divested to a new employer or privatized. The effect of the divestment on your pension depends on whether your new employer participates in another registered pension plan.

If you will be covered by a pension plan with your new employer, the Pension Benefits Act imposes special obligations on both the OPSEU Pension Plan and your new plan. As a result, you may have special entitlements – including the right to become eligible for a pension from both plans in the future.

If your new employer does not provide a registered pension plan, you will be eligible for OPTrust’s normal termination options described in this booklet.

In some divestment situations, your membership in the OPSEU Pension Plan may be “grandfathered,” allowing you to continue contributing to the Plan as long as you remain with your new employer.

For more information, please refer to the OPTrust booklet Your Pension and Divestments. If you are involved in a divestment situation and have specific questions about your pension options, please contact us.

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