Procedures– Re-Employment Earnings
Employers that contribute to the OPSEU Pension Plan must complete the following procedures when a retiree who is in receipt of a pension from OPTrust is re-employed or engaged without re-joining the Plan.
1. Re-employed pensioner notifies employer that he or she is in receipt of a pension from OPTrust.
It is the re-employed pensioner’s responsibility to inform the new employer that he or she is currently in receipt of a pension from OPTrust.
2. Employer submits Quarterly Re-employment Earnings Report.
The Employer must report the earnings paid to the re-employed pensioner in each calendar quarter. The earnings reported should include all payments identified in the Plan’s definition of pensionable salary.