Your Pension during Retirement
What you need to know after your pension starts

 

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Table of Contents

Introduction

About the OPSEU Pension Trust

What is the OPSEU Pension Plan?

What happens to your pension after you retire?

How and when your pension is paid

Inflation protection – annual increase

Changes to your pension at age 65

Working after your pension begins

If a pensioner lacks the capacity to deal with his or her finanical affairs

What deductions are taken from your pension?

Taxes

Insured benefit premiums

Spousal or child support payments

Additional Canada Revenue Agency deductions

No other deductions permitted

What death benefits are available for your survivors after retirement?

Who gets a survivor benefit?

Changes in your spousal relationship

What about health, dental and life insurance benefits?

What are the benefits?

Who gets the benefits?

What should be done when a pensioner dies?

Contacting OPTrust

The necessary forms

Documents needed

How to plan ahead to avoid delay and reduce costs

Defined terms

Commonly asked questions

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