Table of Contents
OPSEU Pension Plan - temporary provisions
Introduction
About the OPSEU Pension Trust
How you and your family can use this booklet
Planning for your retirement
Retirement income needs
Other sources of retirement income
Handling life changes
How much pension will you get from OPTrust?
Getting a pension estimate
Working past age 65 or 69
Considering the pension needs of your spouse
If your spousal relationship ends before retirement
What retirement options are available?
Normal retirement age - 65
Early unreduced retirement
Early reduced
retirement - age 55+
Deferred pension
If you are considering a disability pension
If you have a limited life expectancy
Why your pension contributions or benefits cannot be transferred at age 55 and beyond
How to retire from the OPSEU Pension Plan
Changing the decision to retire
Retroactive salary changes affecting your pension
What happens to your pension after you retire?
How and when your pension is paid
Inflation protection - annual increase
Changes to pension at age 65
Working after your pension begins
If a pensioner lacks the capacity to deal with his or her financial affairs
What deductions are taken from your pension?
Taxes
Insured benefit premiums
Spousal or child support payments
Additional Canada Revenue Agency deductions
No other deductions permitted
What death benefits are available for your survivors after retirement?
Who gets a survivor benefit?
Planning your survivor's pension
What about health, dental and life insurance benefits?
Who gets the benefits?
What are the benefits?
What should be done when a pensioner dies?
Contacting OPTrust
The necessary forms
Documents needed
How to plan ahead to avoid delay and reduce costs
Defined terms
Commonly asked questions
How we stay in touch with pensioners - our publications
Important facts
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