Retirement at Age 65

Revised: August 2009 Print this page Email the link

The normal retirement age under the OPSEU Pension Plan is 65. A vested member is entitled to receive an unreduced pension at age 65 based on his or her credit and best 60 consecutive months average annual salary rate at termination. 

When a member retires at age 65, his or her pension is immediately integrated with CPP. During membership in the OPSEU Pension Plan, member’s and employer’s contributions to the Plan are reduced to offset their contributions to CPP on the portion of salary under the YMPE. When a member turns 65 they may be eligible to collect a pension from CPP. So, the pension they receive from the OPSEU Pension Plan is reduced at age 65 to reflect the lower contributions made to the OPSEU Pension Plan.