Plan changes to accommodate temporary part-time work arrangementsPosted: February 2, 2022
Effective February 1, 2022, changes were made to the OPSEU Pension Plan so members earn full pension service if they temporarily reduce their working hours.
These changes were made to support members who participate in flexible working arrangements so they can maximize their pension.
Members who enter into a ‘temporary part-time work arrangement’ on or after February 1, 2022 will continue making pension contributions based on their regular work hours so they earn full pension service, and employers will match their contributions.
Members can also choose to make pension contributions for only the reduced hours they work and apply to buy back the pension service for the hours they did not work after the arrangement ends.
24-month buyback window for temporary part-time work arrangements prior to February 1, 2022
A special 24-month buyback window is available for members who were on a temporary part-time work arrangement that occurred before February 1, 2022. If members apply to buy back pension service for a past arrangement before the 24-month buyback window closes on January 31, 2024, their employer will match their contributions.