Members whose pension is vested at termination but who are not eligible for an
immediate unreduced pension have the option of taking a deferred pension,
payable in the future.
A deferred pension involves leaving the pension entitlement with the OPSEU
Pension Plan and receiving an unreduced OPTrust pension, starting at the Planís
normal retirement age of 65. The deferred pension amount is calculated as of the
memberís date of termination, based on the memberís best 60 consecutive months
average annual salary rate and credit and the OPTrust
pension formula in effect at the time.
Members who take a deferred pension at termination may later choose one of the
receiving an unreduced pension from OPTrust at age 65
receiving an early reduced pension from OPTrust, payable as early as age 55
During the deferred period, this pension amount is adjusted annually under the
Planís inflation protection provision.
Important! Insured Benefits Coverage
Members who choose a deferred pension and have at least 10 years of credit or 10
years of continuous employment with some credit in each of those years may be
eligible for insured benefits coverage when their pension starts. This insured
benefits coverage Ė which includes supplementary health, dental and life
insurance Ė is provided separately by the Government of Ontario. Members who
transfer their pension out of the Plan are not eligible for this coverage.