Deferred pension
If you leave your money with OPTrust and choose a deferred pension entitlement, you receive a deferred pension letter as proof of your deferred status. The letter indicates that you are entitled to a pension from the OPSEU Pension Trust normally payable at age 65. You also have the option of a reduced pension payable as early as age 55.
Inflation protection for your deferred pension
A cost-of-living increase for a deferred pension is applied annually each January after your termination date. It is calculated annually to provide protection from inflation while you wait for your deferred pension to start. OPTrust sends a letter to deferred pensioners every year to inform them of the cost-of-living adjustment. Deferred pensions accumulate the cost-of-living adjustments starting the month after termination of employment. This helps prevent your pension from declining in purchasing power while you wait to reach retirement. Inflation increases are based on increases in the Consumer Price Index in the previous year.
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