At or following termination, members may have the option of transferring the
“commuted value” of their deferred pension entitlement from OPTrust to a
locked-in retirement savings arrangement.
The commuted value of the member’s OPTrust pension is defined as the amount of
an immediate lump-sum payment in today’s dollars that is estimated to be equal
in value to the member’s future lifetime pension payable from the Plan.
To be eligible for a commuted value transfer, the member must
be under age 55, and
not be entitled to an early unreduced pension from OPTrust (i.e. Factor 90 or
Important! Insured Benefits Coverage
Members who choose a commuted value transfer are not eligible for
post-retirement insured benefits coverage provided separately by the Government
of Ontario. The cost of these benefits is not included in the commuted value