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Buyback contributions made through regular biweekly payroll deductions are
tracked and reported using one of two methods.
For employers that are part of the Ontario Public Service WIN system, buyback
deduction files are processed as follows:
- OPTrust supplies a biweekly transaction report for inclusion in pay run.
- Pay run: Buyback amounts are deducted from the employees’ biweekly pay.
- Following pay run : The employer submits the payroll data, together with a
report of any problems, to OPTrust.
All other employers that are not part of the CORPAY
system must set up buyback deductions for their employees based on documents
provided by OPTrust.
- OPTrust sends the employer a copy of the OPTrust 1016 form, or Secure Site Message, advising
the employer to set up a schedule of deductions for the employee. This form/message will
specify the start date, end date, employee deduction amount, employer deduction
amount and number of payments.
- The employer sets up the payroll deductions and remits the buyback
contributions and related data to OPTrust as part of the regular biweekly data
file.
- The funds for both employee and employer must be remitted at the requested amount.
- The employer must use the appropriate buyback deduction code. For a
list of the approved codes, please see Employee Deduction Codes.
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Note! The employer and employee buyback deduction amounts may differ, depending on the
employer and member contribution rates in effect for the period of
service purchased.
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 Important! The buyback deduction method used is not at the discretion of individual Pay and
Benefits Representatives. Due to efficiency requirements, the
OPTrust-Administered option may not be available to all employers. For more
information, please see the related information in the Background Information
section or contact OPTrust’s Data Management Group.
Revised December 2009
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