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While you were an OPTrust member, you also paid contributions to the Canada Pension Plan (CPP). Under CPP you are eligible to receive an unreduced pension starting at age 65.
Your OPTrust pension is "integrated" with CPP. CPP integration means that your contributions to the OPSEU Pension Plan were reduced for the part of your earnings that were also covered by CPP. CPP integration also affects the way your OPTrust pension is paid now that you are retired.
In essence, your OPTrust pension consists of two parts. The first part is a "base pension" that started on your retirement date and is paid for your lifetime. The second part is an additional "bridge benefit" that is payable from your retirement date until you reach age 65. The end of the bridge benefit at age 65 reflects both:
| i) | the reduction of your OPTrust contributions for CPP integration, and |
| ii) | the fact that age 65 is when Canadians become eligible for an unreduced pension from CPP. |
Note: The amount of your OPTrust bridge benefit and the date it expires are not directly linked to the amount you receive from CPP, or when you choose to start your CPP benefits. Your OPTrust bridge benefit expires at age 65, whether you decided to take CPP early or plan to start CPP at age 65 or older.
For more information about the CPP integration and your OPTrust pension, please see the enclosed booklet Your Pension and the Canada Pension Plan.
Your CPP integration amount is also listed on your Pensioner Information Change Statement which you can view online if you are registered for Online Services.
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