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Introduction

Starting to think about your retirement? Do you know what your future pension will be? What about your personal savings or other sources of retirement income?

Your OPTrust pension will likely be a major component of your financial future, so it’s important to know what you can expect to receive at retirement to help you prepare in advance. Whether you’re nearing retirement, are in mid-career or are just starting out, it’s never too early to set your financial goals and plan for the future.

Your 2009 Annual Pension Statement and OPTrust’s online calculators – pension estimator and retirement income calculator – are important tools that will help give you a clear picture of your future retirement income and options.

Your Retirement Income

If you are like most OPTrust members, your retirement income will consist of three pillars:

• Your OPTrust pension
• Government benefits (Canada Pension Plan and Old Age Security)
• RRSPs, investments or other savings.

Remember it is a good idea to consult a financial advisor to help plan for your financial future.