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The popular pension estimator has been expanded to give you a better pension planning tool. Start with the pension estimator, fill in your information and choose a retirement date. The pension estimator will produce a table that lists all your possible retirement ages and OPTrust pension payable starting with your selected retirement age up to age 65.
From the list, choose your preferred retirement age and click on "yes" in the column beside "add other income." Now you can use the retirement
income calculator to add income from other sources such as RRSPs, CPP, OAS, employment income during retirement, etc.
When you are ready to have it "calculate" you will see a results screen that shows a detailed comparison of your:
- current estimated employment income after deductions for pension, income tax and any RRSP contributions
- projected retirement income with general deductions before age 65
- projected retirement income with general deductions and CPP integration from age 65 onwards
Together, the pension estimator and the retirement income calculator can help you project your future retirement income under a range of possible scenarios - from increasing your RRSP contributions to taking CPP early.
Buyback Calculator for Non-OPS Service - new members can use this calculator to estimate the cost of buying back service from a non-OPS employer. You have 24 months from the date you started your job to apply to buy back this service.
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The retirement income calculator – a handy tool to estimate your potential retirement income from all sources.
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