|
|
 |
Under the terms of the OPSEU Pension Plan, employees who do not meet the
criteria for mandatory membership may have the option
of joining the Plan voluntarily at any time starting from the employee’s first
day of employment.1 Elective membership is an option for individuals who are
represented by OPSEU and are employed on a non-permanent basis:
- by the Crown under the Public Service Act (i.e. unclassified employees in
the Ontario Public Service)
- by an agency, board, commission, foundation or organization that was a
participating employer in the Public Service Pension Plan before December 31,
1994
- by an agency that was a participating employer in the OPSEU Pension Plan
after December 31, 1994
|
|
|
|
|
|
|
|
|
|
 Important! Employees who elect to join the plan voluntarily cannot cancel
their membership at a later date unless they terminate their employment and
membership or retire.
Once OPTrust receives the signed Membership Enrolment form (OPTrust 1005) the
member is assumed to be enrolled in the pension plan and cannot end his or her
membership without also terminating employment. The plan membership date (PMD) will be the date pension contributions start and deductions are remitted to OPTrust.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Important! Employers are required to inform eligible employees of their option
to join the Plan. Employers should provide these employees with a copy of the
booklet It’s Your Pension and refer them to the OPTrust website (www.optrust.com)
or our Member and Pensioner Services staff (416-681-6100 or 1-800-637-0024) for
additional information about the Plan.
Additional information for employees who have the option of enrolling
voluntarily includes the brochure Consider Making an OPTrust Pension Part of
Your Financial Future.
|
|
|
|
|
|
|
|
|
|
|
1
OPSEU Pension
Plan Text, Article 3.1.
Revised September 10, 2007
|
|
|
