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Retirees

Cost of Living Adjustment for Your Pension

Starting January 2020, your pension will increase by 2%. The annual cost of living adjustment (COLA) is applied to all pensioners, survivor pensions and to the deferred pensions of former and divested members.

Every January, pensions are adjusted for the increase in the cost of living, as measured by the Consumer Price Index (CPI), reported by Statistics Canada. This helps to protect your pension against the impact of inflation and to ensure it does not lose value over time. Read more

Post-Retirement Benefits Premium Rate and OUP Premium Rate Changes for OPTrust Retirees
Changes to current premium rates for the Legacy and Retiree-Focused PRB plans, and for the Optional Upgrade Package (OUP) will be effective June 1, 2019. More information available in these fact sheets:
Retired on or after January 1, 2017 - Fact Sheet
Retired before January 1, 2017 - Fact Sheet

Ending your Coverage under the Optional Upgrade Package
A decision to terminate your coverage for benefits under the Optional Upgrade Package (OUP) is final and irrevocable. Once you opt out, you cannot re-enrol.
To terminate your coverage, please send us a written notification that includes your name, your OPTrust ID #, your address, your signature and the date. Your notice will apply only to your coverage under the OUP and not to the post-retirement insured benefits plan in which you are participating. Your OUP premiums and coverage will continue only until the end of the month in which OPTrust receives your written notification and will cease beginning the 1st of the following month.