Commuted Value Transfers

At or following termination, members may have the option of transferring the “commuted value” of their deferred pension entitlement from OPTrust to a locked-in retirement savings arrangement. 

The commuted value of the member’s OPTrust pension is defined as the amount of an immediate lump-sum payment in today’s dollars that is estimated to be equal in value to the member’s future lifetime pension payable from the Plan.

To be eligible for a commuted value transfer, the member must

  • be under age 55, and
  • not be entitled to an early unreduced pension from OPTrust (i.e. Factor 90 or 60/20).

icon Important! Insured Benefits Coverage
Members who choose a commuted value transfer are not eligible for post-retirement insured benefits coverage provided separately by the Government of Ontario. The cost of these benefits is not included in the commuted value amount.