Options for your future pension
	TABLE OF CONTENTS OPTIONS FOR YOUR FUTURE PENSION DEFERRED PENSION COMMUTED VALUE TRANSFER TRANSFER TO ANOTHER PENSION PLAN REFUND OF PRE-1987 CONTRIBUTIONS (UNDER AGE 45) REFUND OF EXCESS CONTRIBUTIONS SPOUSAL SURVIVOR PENSION OPTIONS DIVESTMENTS		<< PREVIOUS PAGE   |   NEXT PAGE >>     If you are vested, you have earned the right to receive a pension from the OPSEU Pension Plan when you reach age 65, even if you are not yet eligible for an immediate unreduced pension when you leave your job. Depending on your circumstances, you may have a number of different options regarding your future OPTrust pension. These may include: leaving your “deferred pension” with OPTrust transferring the “commuted value” of your deferred pension to a locked-in retirement account (LIRA) or similar retirement savings arrangement transferring your pension to another registered pension plan receiving a refund of your contributions, plus interest, for any pre-1987 credit, if you are under age 45. IMPORTANT: If you choose a deferred pension and have at least 10 years of credit in the Plan, or 10 years of continuous employment with credit for some part of each of those years, you may be eligible for insured benefits coverage when your pension starts. This coverage is provided separately by the Government of Ontario and includes supplementary health, dental and life insurance.     << PREVIOUS PAGE   |   NEXT PAGE >>
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