This section provides background information on the special pension provisions that apply when a member’s employment change results in a change from an existing OPSEU Pension Plan participating employer to a new employer’s pension plan as a result of a divestment.
It also describes both the procedures and forms that OPTrust employers must use at the time of a divestment, and the procedures and forms that successor employers must use when the divested member terminates employment following the divestment.
Important! The employer should contact OPTrust immediately when considering the sale of its operations or the outsourcing of any of its business. Ontario’s Pension Benefits Act sets out complex rules that apply to a member’s pension entitlement in a divestment situation.