• Updated Plan Booklet
• New Booklet on Divestments
• Booklet Series
• Ordering Booklets and Forms

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Updated Plan Booklet

OPTrust recently updated its comprehensive plan booklet It’s Your Pension to reflect new changes to the OPSEU Pension Plan.

The revised plan booklet covers the temporary and permanent benefit improvements and the extended contribution reductions implemented as a result of funding gains in the Plan. Temporary plan benefits are highlighted in a separate insert at the front of the booklet.

The booklet also covers a description of the permanent features of the Plan from the time a member joins through retirement and survivor benefits. Other key sections include:

• Pension plan basics
• Member contribution rates
• Transfers to and from the OPSEU Pension Plan
• Accruing credit in the Plan

• Retirement options

• Inflation protection

Another key feature is the addition of a pocket on the back inside cover. This allows for important forms or other time sensitive material to be inserted when necessary.

OPTrust will not be doing a mass mailing of the updated plan booklet to members’ homes. Members, however, will be informed in the next issue of OPTions that they can order a printed copy by contacting OPTrust or visit our Web site to access the online version.
 

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New Booklet on Divestments

In response to member requests, OPTrust has developed a new booklet Your Pension and Divestments, specifically designed for divested members or those involved in a divestment situation. The booklet provides detailed information on members’ rights and options in a divestment situation and answers many important questions, including:

• What happens to a pension after the divestment?
• What happens to an active buyback?
• What retirement options are available for divested members?
• How a pension is calculated when a member is divested
• Do divested members receive insured benefits?
• What information is provided about benefits after a divestment

The booklet also includes a number of illustrated examples, answers to frequently asked questions and a glossary of common pension terms.

A copy of Your Pension and Divestments will be mailed to the homes of all divested members mid-August. An online version of the booklet will be available on the OPTrust Web site early September. OPTrust will also feature a brief article in the next issue of OPTions highlighting the booklet’s release.

In the future, when a member is divested from the Plan, OPTrust will automatically mail a copy of the new booklet to their home. Since divested members retain important rights in the Plan also provides them with regular issues of our quarterly newsletter OPTions, a personalized Annual Pension Statement and other important information.
 

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Booklet Series

Along with It’s Your Pension and Your Pension and Divestments, OPTrust offers additional publications as part of our series of easy-to-read booklets about the Plan. The booklets

are important resource tools for members, pensioners and employers because they each address a specific topic in greater detail than the plan booklet. The series covers a variety of topics from naming beneficiaries to purchasing credit and planning for retirement and more. The additional booklets include:

• Your Pension and Your Beneficiaries
• Your Pension and Buying Back Credit
• Your Pension and the Canada Pension Plan*
• Your Pension and Leaving Your Employment*
• Your Pension and Your Retirement*

Each booklet also provides valuable information pertaining to members and pensioners’ different life stages.

* These booklets are currently being updated to reflect the changes made to the OPSEU Pension Plan in late 2002 and will be available for distribution this fall.
 

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Ordering Booklets and Forms

Human resources and benefits representatives can order multiple copies of OPTrust’s booklets and forms online through the Employers section of the OPTrust Web site, under “order paper forms and publications.” Simply select the publication or form you need, fill in the quantity you require, enter your contact information, and submit your order online.

If you order a booklet that is being updated for release in the fall, your order will be filled at that time. We do not want to circulate outdated booklets.

Important: Employers should destroy all outdated booklets and forms.

For more information on ordering publications and forms, contact Fiona Bradford, OPTrust’s Administrative Services Coordinator, at fbradford@optrust.com, (416) 681-3003 or 1-800-906-7738, ext. 3003.
 

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