What
are the benefits?
Insured benefits for eligible pensioners include coverage for:
dental,
supplementary health and hospital and basic life insurance. The
premiums for these benefits are paid by the Ontario Government.
For members who want vision care and hearing aid plan
coverage, there is
a small premium that is deducted from the monthly pension payment. Employer-paid premiums for basic life insurance are considered
a
taxable benefit.
For more details on insured benefits, please refer
to the Management Board Secretariat booklet: A
Guide to your Benefits – After
Retirement.
This booklet is available from OPTrust. The Pension Connection, a quarterly
OPTrust newsletter for pensioners, regularly provides questions and answers related to insured benefits.
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