Your Pension
A Guide to the OPSEU Pension Plan
Table of Contents
IT'S YOUR PENSION - TAKE TIME TO READ ABOUT IT
What's in this booklet?
About the OPSEU Pension Trust
PENSION PLAN BASICS
What is the OPSEU Pension Plan
What is your pension benefit?
Who pays for what?
JOINING THE OPSEU PENSION PLAN
Who are the members of the OPSEU Pension Plan
How do you get credit in the OPSEU Pension Plan?
Transfers to and from the OPSEU Pension Plan
How could pension credit change while you are a member?
What could happen to your pension benefit if your spousal relationship ends?
What happens if you work past retirement age?
LEAVING THE OPSEU PENSION PLAN BEFORE YOUR PENSION BEGINS
What are your options when you terminate employment before retirement?
What if you have a deferred pension?
RETIRING WITH A PENSION FROM THE OPSEU PENSION PLAN
When can you retire?
What happens to your pension when you reach age 65?
How is your pension protected when you retire?
What happens if you work after your pension starts?
What could happen to your pension benefit if your spousal relationship ends?
What about health, dental and life insurance benefits after retirement?
WHEN A MEMBER OR PENSIONER DIES
What benefits are available if you die before retirement?
How can you plan for benefits for your survivor?
What happens when you die after retirement?
COMMONLY USED PENSION TERMS