Retirement: Early Reduced Pension

Important! Temporary “Points Off” Provision: Members who commence an early reduced pension on or before December 31, 2005 are eligible for OPTrust’s temporary “points off” provision.

Under points off, the 5% per year reduction is calculated based on the number of years to the member’s earliest eligibility date under any of the Plan’s permanent unreduced retirement options (i.e. Factor 90, 60/20, or age 65), rather than the number of years to age 65. In projecting this date, we use:

the member’s age when the pension commences
the member’s credit when Plan membership ended

To be eligible for Points Off the member must:

be at least 55 at termination of employment
commence a pension prior to December 31, 2005 – therefore must terminate employment on or before November 30, 2005.


			Important! Members who are receiving LTIP benefits and are considering taking an early retirement option should be advised to contact OPTrust directly to ensure that they are informed of all available options and the potential consequences associated with each alternative.