Understanding your pension options

Leaving your job can mean big changes – and important decisions – about your career and your financial future. For members of the OPSEU Pension Plan, one major decision you may have to make is what to do with your OPSEU Pension Trust (OPTrust) pension.

When you stop working for an employer that participates in the OPSEU Pension Plan, your plan membership ends. Depending on your circumstances, you may have different options for the pension entitlement you have earned. This booklet describes what happens during the “termination” process and outlines the pension options that are available.

At the time your membership ends, we will provide you with detailed information about your personal pension entitlement and the options that are open to you. If there are several choices available, you may want to get independent financial advice to determine which is best for you. Among the factors you should consider are: your life and career goals, your family situation, your financial plan for your retirement and your interest in managing your own investments.

More information about the OPSEU Pension Plan – and the rules and options that may apply in specific situations – is available in the following OPTrust publications:

These and other OPTrust publications are available on the OPTrust Web site or by contacting OPTrust or your human resources representative.

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