Employer Manual Table of Contents
Introduction
About this Manual
Overview
Content and Organization
Using the Manual
Updates & Revisions
About OPTrust
Mission
Board of Trustees
How to Reach Us
About the OPSEU Pension Plan
Overview
Summary of Plan Benefits
Plan Provisions and Grievances
Privacy
Services for Employers
Employer Roles and Responsibilities
Information for Employers
Member Services Department
Services for Members and Retirees
Overview
Information for Members and Retirees
Reporting Pension Data
Background Information
Overview
Data Requirements
Pensionable Salary
Contribution Formula
Missed Mandatory Contributions
Buyback Deductions
File Transmittal
Procedures
Missed Mandatory Contributions
Buyback Deductions
File Transmittal
Forms & Tools
Downloadable Forms
Enrolling a Member
Background Information
Overview
Membership in the OPSEU Pension Plan
Employment and Membership Dates
Buybacks at Enrolment
Transfers from the Public Sector Pension Plan/Ontario Pension Board
Transfers from Other Pension Plans
Re- Employment
OPTrust’s Welcome Package
Procedures
Procedures
Forms & Tools
Downloadable Forms
Retirement
Background Information
Overview
OPTrust’s Pension Formula
Retirement at Age 65
Early Unreduced Pension
Early Reduced Pension
Other Retirement Options
Working Past Age 65
When & How Pensions are Paid
CPP Integration at Age 65
Working After Retirement
Insured Benefits
Post 2012 Employers - Insured Benefits
Procedures
Retirement
Re-employment Earnings
Forms & Tools
Downloadable Forms
Tax Reporting and Pension Adjustments
Background Information
Overview
Tax Deduction and Receipting
Federal Regulations
Pension Adjustments
Procedures
Procedures - Tax Reporting and Pension Adjustments
Forms & Tools
Downloadable Forms
Secure Employer Site
Background Information
Overview
Secure Messages
OPTrust Secure Portal
File Upload
Account Management
Procedures
Procedures - Secure Employer Site
Forms & Tools
Downloadable Forms
Leaves of Absence, Temporary Part-time Work Arrangements & LTIP
Background Information
Overview
LOAs and Pension Credit
Option to Contribute During an LOA
Leaves for Illness or WSIB
Pregnancy, Parental and Adoption Leaves
Special or Educational Leaves
Long Term Income Protection (LTIP)
Temporary Part-time Work Arrangements
Procedures
Procedures - Leaves of Absence & LTIP
Temporary Part-time Work Arrangements
Forms & Tools
Downloadable Forms
Buybacks
Background Information
Overview
Types of Service
Application and Eligibility
Buyback Costs
Payment Options
Payment Time Limits
Pension Adjustments
Past Service Pension Adjustments
T4 Tax Reporting
Procedures
Procedures - Buybacks
Forms & Tools
Downloadable Forms
Termination
Background Information
Overview
Pension Options at Termination
Deferred Pension
Grow-in Rights
Commuted Value Transfers
Transfers to the PSPP
Transfers to Other Pension Plans
Excess Contributions
Procedures
Procedures - Termination
Forms & Tools
Downloadable Forms
Divestments
Background Information
Overview
PBA Divestment Provisions
"Special Deferred" Pensions
If Divestment Provisions Do Not Apply
Terminating from Successor Employer
Procedures
Procedures - Divestments
Forms & Tools
Downloadable Forms
Death
Background Information
Overview
Pre-retirement Death
Survivor Qualification
Spousal Waiver on Pre-retirement Death
Post-retirement Death
Procedures
Procedures
Forms & Tools
Downloadable Forms
Disability
Background Information
Overview
Disability Benefits
Shortened Life Expectancy
Procedures
Procedures
Forms & Tools
Downloadable Forms