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This section provides background information on the special pension provisions
that apply when a member’s employment change results in a change from an
existing OPSEU Pension Plan participating employer to a new employer’s pension
plan as a result of a divestment.
It also describes both the procedures and forms that OPTrust employers must use
at the time of a divestment, and the procedures and forms that successor
employers must use when the divested member terminates employment following the
divestment.
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Important! The employer should contact OPTrust immediately
when considering the sale of its operations or the outsourcing of any of its
business. Ontario’s Pension Benefits Act sets out complex rules that apply to a
member’s pension entitlement in a divestment situation.
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Revised June 24, 2005
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 Information
for members on their pension options and
entitlements if they are affected by a divestment are
available in the OPTrust booklet Your Pension
and Divestments. |
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