Your Pension and Leaving Your Employment



	Table of Contents TEMPORARY PROVISIONS WHAT HAPPENS TO YOUR PENSION WHEN YOU LEAVE YOUR JOB? Understanding your pension options The process - from termination to the calculation of your entitlement The necessary paperwork POSSIBLE PENSION OPTIONS WHEN YOU TERMINATE Vesting: Your right to a pension NOT VESTED? CONTRIBUTION REFUND AT TERMINATION STARTING AN IMMEDIATE PENSION Unreduced pension Pension at Age 65 Factor 90 60/20 Bridging to an unreduced pension Reduced pension Calculating your OPTrust pension OPTIONS FOR YOUR FUTURE PENSION Deferred pension Security Inflation protection Insured benefits once you retire Commuted value transfer Determining the commuted value Commuted value transfer options Transfer to another pension plan If there is a transfer agreement Transfers to the Public Service Pension Plan Plans with no transfer agreement Refund of pre-1987 contributions (under age 45) Refund of excess contributions Spousal survivor pension options Divestments DECIDING WHICH OPTION IS BEST FOR YOU If you don't indicate your choice Considering the alternatives FREQUENTLY ASKED QUESTIONS COMMON PENSION TERMS EMPLOYERS THAT PARTICIPATE IN THE OPSEU PENSION PLAN

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