Getting
a pension estimate
A pension estimate will give you a general idea of your retirement
income. It is based on a snapshot of your current records. Many
members want this general information before making a decision
whether to
take early retirement or as a tool for planning retirement needs.
Usually the same information about your earned pension and pension
at retirement appears in your Annual Pension Statement. You can
also use OPTrust's
pension estimator
on the website to get an up-to-date
estimate.
OPTrust can also provide you with an estimate of your early retirement
dates based on existing records. However, if you are firm in your
decision to retire, we advise you to confirm your credit in the
plan and ask for a written confirmation of your pension eligibility
date. This allows a thorough review of your file prior to confirmation.
WHEN TO CONFIRM CREDIT IN THE PLAN
It's advisable to ask OPTrust to confirm your credit in the Plan
at least six months before your termination date. This provides
enough time to check your file and make sure that we have all
the necessary information to process your pension.
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