At OPTrust, pensions are paid on a monthly basis, usually on the 26th except for December when the pension is paid on the 20th. However, if the 26th falls on a Saturday or Sunday the pension is paid the previous Friday. For your convenience, we offer direct deposit to the financial institution of your choice.
New retirees receive their first pension payment in the month following their retirement. So, if you retired on October 31st, you can expect your first payment as an OPTrust pensioner on November 26th.
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Cut-off date
for changes |
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2010 pay dates |
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Tuesday, January 19 |
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Tuesday, January 26 |
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Wed., February 24** |
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Wed., February 24 |
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Friday, March 19 |
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Friday, March 26 |
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Monday, April 19 |
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Monday, April 26 |
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Wed., May 19 |
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Wed., May 26 |
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Friday, June 18 |
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Friday, June 25 |
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Monday, July 19 |
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Monday, July 26 |
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Thurs., August 19 |
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Thurs., August 26 |
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Friday, September 17 |
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Friday, September 24 |
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Tuesday, October 19 |
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Tuesday, October 26 |
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Friday, November 19 |
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Friday, November 26 |
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Friday, December 10 |
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Friday, December 17 |
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* The cut-off date is the last day on which you can make a change to your personal information (i.e. banking, address or insured benefit beneficiary) and have it go into effect within the month that your pension is paid. Any changes made after the cut-off date go into effect the following month.
** Since February is a short month, your pension will be paid earlier.
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