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Post-Retirement Insured Benefits

What you need to know

We are providing you with this information as part of certain services OPTrust provides to the Government of Ontario in connection with its PRB program. While we make every effort to ensure that the information we provide you is correct and complete, it is subject to any information provided to you directly by the Government of Ontario and to the documents which the Government used to establish the PRB program.

The following chart summarizes the eligibility criteria for participation in a PRB plan, applicable PRB plan options and payment terms for premiums for all members who retire on or after January 1, 2017.

Eligibility Criteria
PRB Plan and Premiums

Hired before             
January 1, 2017

Minimum 10 years of pension service* before January 1, 2017


RETIREE-FOCUSED PLAN
100% Government paid
(Default option)

OR

LEGACY PLAN
50% Government paid
50% Retiree paid   


Hired before         
January 1, 2017         

with less than 10 years of pension service before January 1, 2017


Minimum 20 years of pension service**

AND

Retire from active service to an immediate unreduced pension

Hired before
January 1, 2017               

with less than 10 years of pension service before January 1, 2017


Minimum 10 years of pension service*

AND

Retire from active service to an immediate unreduced pension

RETIREE-FOCUSED PLAN ONLY
(No access to Legacy Plan)

100% Retiree paid


Enrolment is optional  

Hired on or after
January 1, 2017

Minimum 20 years of pension service**

AND

Retire from active service to an immediate unreduced pension

* or 10 years continuous employment with some pension service in each of the 10 years
** or 20 years continuous employment with some pension service in each of the 20 years

Eligible retirees who have an option of both PRB plans at retirement may switch from the PRB plan they elect at retirement to the other PRB plan in December of any year for coverage starting the following January.  However, once they cease coverage in the Legacy Plan, they cannot re-enrol in that plan.

Eligible retirees  who only have the option of participating in the Retiree-Focused Plan at retirement on condition of paying 100% of the premiums may elect to cease coverage in that plan at any time, but if they do, they cannot re-enrol in that plan.

For more information, click on the documents below:

Optional Upgrade Packages

The Government of Ontario has announced that Optional Upgrade Packages will be available effective May 1, 2017 to all pensioners who are eligible for Post Retirement Benefits (PRBs), including eligible retirees who started their pension before January 1, 2017.   The applicable premiums will be paid 100 per cent by eligible retirees who elect to enrol in either of these plans.

Optional Upgrade Package for retirees enrolled in the Legacy Plan includes the following bundled features:

  • Emergency out-of-country coverage
  • Global Medical Assistance Plan
  • Catastrophic Drug Coverage  

Optional Upgrade Package for retirees enrolled in the Retiree-Focused Plan includes the following bundled features:

  • Emergency out-of-country coverage
  • Global Medical Assistance Plan

Note: The Retiree Focused PRB Plan already includes Catastrophic Drug Coverage.

For more information, click on the documents below:

 

What you need to do
  • designate a beneficiary for the $2,000 life insurance benefit payable from Great-West Life
  • consider signing up for Great-West Life online to submit claims or direct deposit
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, new spouse, death of a spouse

Background material for more information
Government sites with pension benefit information