When employees terminate membership in the OPSEU Pension Plan, they may be
eligible to transfer credit to a pension plan provided by their new employer.
OPTrust has reciprocal transfer agreements with many other public sector pension
plans in Canada. Under these agreements, terminated members of the OPSEU Pension
Plan have the option of applying to transfer their credit from OPTrust to their
new pension plan.
To arrange to transfer credit to one of these plans, the member must submit his
or her application to the new plan. At termination the member may also contact
OPTrust to determine whether a transfer option is available.
Employers should remind members that there are
strict time limits for applying to transfer credit from the OPSEU Pension Plan
under these transfer agreements. These time limits may vary depending on the
terms of the individual transfer agreement.