Retirees

Changes to the Post Retirement Benefits Legacy Plan for the OPSEU Pension Trust Retirees

Updates to the OPS Post Retirement Benefits (PRB) Legacy plan (Policy No.157838 & Policy No.169494) include increased coverage for services of a psychologist and other paramedical practitioners effective January 1, 2022. Read more

2022-23 Post-Retirement Benefits Premium Renewal

For the period April 1, 2022 through March 31, 2023, the current premium rates for all group insurance plans will remain unchanged including the Life Insurance and Optional Upgrade Plan.

Temporary Premium Holiday - Optional Upgrade Plan (OUP)

In response to the continued impact of the ongoing pandemic on utilization, a 3-month temporary premium holiday will be implemented for the retiree-paid Emergency Out-of-Country plan (i.e. OUP) between August 1, 2022 and October 31, 2022. This means that retirees enrolled in the Emergency Out-of-Country plan will not pay premiums during this 3-month period but will continue to have access to this coverage.

 

2021 T4A slips are now ready and available on your Online Service accounts – log in today!

Paper versions will be mailed to home addresses the week of February 7th. We take pride in our role in delivering predictable retirement income and reliable service to you, and we look forward to doing so for many more years.

Previous updates

More updates

As a member of the OPSEU Pension Plan, there are a number of life events that will affect your pension.

Starting Your Pension

couple retirement

Your pension is usually paid on the 26th of the month, is payable for your lifetime and provides survivor benefits for your eligible spouse.
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Pension changes at 65

senior woman

At age 65 the additional pension benefit from OPTrust ends and your pension is integrated with the Canada Pension Plan (CPP).
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Insured Benefits

senior couple

Insured benefits for eligible retirees include coverage for: dental, supplementary health and hospital and basic life insurance.
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Marital Status changes

couple

Marital status affects survivor benefits. If your marital status changes, notify OPTrust to ensure your information is up to date.
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Planning for your Survivors

senior using computer

Your OPTrust pension provides benefits for your survivors, so it's important that you identify who you want to receive those benefits.
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