Employers must complete the following procedures when an OPTrust member terminates employment and retires with an immediate pension from the OPSEU Pension Plan.
Important! Employers should forward all necessary documentation to OPTrust three months before the member’s planned retirement date.
1. Complete the Termination of Membership –Application For Entitlement (OPTrust1012)
This form does not require the member’s signature but does require an authorized employer’s signature.
Note: if the member is a divested member retiring from the successor employer, the successor employer only needs to send OPTrust a letter confirming the date of termination.
Important! Termination while on LTIP: When a member is terminating his or her plan membership while on LTIP, the employer should state “Member on LTIP” in the final salary section of OPTrust's Termination of Membership (OPTrust 1012) form, rather than entering a salary amount. The collective agreement salary for the position may be different from the final salary on LTIP.
2. Complete additional forms and provide required documentation
OPTrust also requires the following forms and documents for retiring members. This information may be submitted to OPTrust at the same time as the Termination of Membership form or at a later date.
Employers should request that members provide this information to OPTrust. If the member does not submit the required forms and documents, a delay in processing the member’s pension may occur as OPTrust will be required to follow-up with the member.
The required documents, where applicable include:
A birth certificate or other proof of birth – if not already on file
The spouse’s birth certificate or other proof of birth – if not already on file
Proof of birth for all eligible children – if not already on file
Note! Approved proof of birth include:
Canadian Registration of birth
Indian status card
Canadian Citizenship papers
Canadian Permanent Resident Card
A completed Statement of Marital Relationship (OPTrust 3007) form – This form must be completed at termination/retirement, even if a previous copy is already on file with OPTrust.
A marriage certificate – if not already on file
Three documents showing that the member has a common-law spouse with whom he or she has been living for a minimum of three years – if not already on file. See OPTrust’s Spousal Relationship Information Sheet for details.
Void cheque for direct deposit of pension payments
Group Insurance Application or Change Form
3. Complete Employer Checklist for Retirements (OPTrust 1072)
Employers are encouraged to complete the Employer Checklist for Retirements (OPTrust 1072) form and submit it to OPTrust with the required forms and documents, to ensure that all necessary information has been provided to OPTrust.
Important! Retirements under Surplus Factor 80: When a member has received a notice of layoff and is eligible to retire under Surplus Factor 80, the employer must submit a signed copy of the Employer Checklist for Retirements indicating that the member has been laid off pursuant to the job security provisions of their collective agreement or provide a separate signed statement to that effect