Retirees

PAPER MAILOUT OF PENSION CONNECTION DELAYED

Owing to supply chain issues in the printing industry, production of our December issue of Pension Connection has been delayed. As soon as it is possible to mail it, we will do so. Please click here to see the online version, with updates on the COLA increase, pension pay dates and more.

TEMPORARY PREMIUM HOLIDAY - OPTIONAL UPGRADE PLAN (OUP) ends Effective December 1, 2021

OUP Premiums will resume and be deducted off monthly pension payments as of December 2021.

 

OPTrust Surpasses 100,000-Member Milestone
Since inception, OPTrust’s membership has increased by more than 40 per cent from just under 70,000 in 1995. Read more

What's Important - Safeguard your retirement: Get the facts before you act
Defined benefit pension plans from across Canada today released an informational video entitled What's Important produced in collaboration to mark Financial Literacy Month and raise awareness about the value of retirement income security. Watch the video.

2022 Cost of living adjustment for your OPTrust pension

Starting January 2022, your pension will increase by 2.4%. The annual cost of living adjustment (COLA) is applied to all pensioners, survivor pensions and to the deferred pensions of former and divested members. For more information on how your increase is calculated, read Good to Know: Cost of Living Adjustment for Your Pension.

View your Retired Member Statement today

Every two years we send you a Retired Member Statement to keep you up to date on important information about your pension. Simply sign onto OPTrust's secure Online Services and view your statement in the "My Statements" section.

2021-22 Post-Retirement Benefits Premium Renewal

For the period April 1, 2021 through March 31, 2022, the current premium rates for all group insurance plans will remain unchanged including the Life Insurance and Optional Upgrade Plan.

Previous updates (view more)

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.
Read more

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).
Read more

 

Insured Benefits

senior couple

Insured benefits for eligible retirees include coverage for: dental, supplementary health and hospital and basic life insurance.
Read more

Marital Status changes

couple

Marital status affects survivor benefits. If your marital status changes, notify OPTrust to ensure your information is up to date.
Read more

 

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.
Read more