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The OPSEU Pension Plan sets out strict time limits for submitting a buyback
application. To be eligible to make a purchase, the member must submit an
Application for Past Service Credit (OPTrust 1036) to OPTrust within 24 months
of the latter of:
- the date the member became and continuously remained a member of the OPSEU
Pension Plan or the PSPP, or
- the last day of the leave of absence the member is applying to buy back.
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 Important!
If OPTrust does not receive the buyback
application within the 24-month time limit, the member will not be able to make
his or her purchase. Buyback applications must be received prior to member’s
termination or retirement.
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The Application for Past Service Credit is the only document that must be
received within the 24-month deadline. However, additional documents may be
required to complete the member’s application. Since OPTrust calculates the cost
of the buyback as of the date the complete application is received, it is in the
member’s interest to submit all required documents as quickly as possible.
The documents required to complete the application depend on the type of service
the member is buying back.
Service with the OPSEU Pension Plan, the PSPP or Its Predecessor
For most members who work in the OPS and are paid through CORPAY, the
Application for Past Service Credit is all that is required to complete a
buyback application for this type of service. OPTrust will confirm the current
salary rate, and eligible service directly with the employer.
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Note! Automatic quotes for prior non-contributory service at enrolment:
In cases where the member has a period of prior non-contributory government
service – as a contract, unclassified or seasonal employee, for example –
immediately prior to the individual’s enrolment in the Plan, OPTrust will
automatically generate a buyback cost quote and mail the member an Agreement to
Purchase Credit (OPTrust 1017). Please refer to the section on
Enrolling a
Member for more information.
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For members paid through CORPAY with historical service from more than 10 years
previous to the current year, we also require an Employment Information (OPTrust
1035) form, to be completed by the employer.
For non-CORPAY members (i.e. employees of agencies, boards and commissions), the
employer must provide OPTrust with the Employment Information (OPTrust 1035)
form. This form is required if the buyback is for a period of non-contributory
service, including contract or unclassified employment.
If the employer is unable to provide the necessary information the member may
still be eligible to apply for a buy back, if he or she is able to provide other
supporting documentation, such as: pay stubs, T4s, employment contracts, or
letters from the employer. The submitted documents are subject to approval by
OPTrust.
Unpaid Leaves of Absence
Before an employee commences any LOA, the employer must complete an Option to
Make Pension Contributions (OPTrust 1025) form with the member, and ensure a
copy is sent to OPTrust. If the member chooses not to contribute during the
leave, and applies for a buyback after the leave, the Application for Past
Service Credit is the only form required.
Service with Another Pension Plan
Members who apply to purchase service with another Canadian registered pension
plan, will be required to provide additional documentation from the previous
employer and/or previous pension plan.
Revised September 3, 2004
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