Changes to your pension at 65

What you need to know

  • when you retire before age 65, OPTrust pays you a bridge benefit until your 65th birthday
  • at age 65 the bridge benefit ends
  • Your Retirement Confirmation letter states your age 65 pension amount
  • you can apply to collect CPP at age 60
  • you may be in a higher tax bracket when you start receiving CPP


How to apply for CPP and OAS

  • decide when to collect CPP, you can start as early as age 60
    • you must apply with Service Canada to collect CPP
  • apply with Service Canada for Old Age Security (OAS), six months before your 65th birthday
  • update your TD1 if your tax bracket changes
  • register for OPTrust’s Online Services – to see your month PICS statement and to update your pension file

When to contact us

  • when any life changes occur – marriage, separation, divorce, death, new beneficiaries
  • changes to contact information – address, phone number, e-mail address

Forms you need to complete

  • Contact Service Canada to apply for CPP and OAS

Additional forms to complete, if applicable

Background material for more information

Government sites with pension benefit information