MEMBERS
Planning for Retirement
Start your journey
It’s time to start planning for your future! Get started by finding the answers to your retirement questions and more. Make sure to review your Annual Pension Statement to find what you can expect to receive when you retire. You can find your latest statement by logging into your Online Services account.
Ready, set, retire!
When can you retire and how much can you expect to receive?
You can retire as early as age 55 or as late as age 71. The normal retirement age under the Plan is 65, but with enough pension service, you may be eligible for an unreduced pension that starts earlier.
Learn more about your pensionLog into your Online Services account to find out when you qualify and estimate your future pension.
Can you retire before age 65? What’s a bridge benefit?
If you retire before age 65, you’ll receive a temporary payment called a bridge benefit that helps supplement your pension income until you turn 65 and can apply for CPP benefits.
Will you have post-retirement insured benefits?
Find out if you qualify for the post-retirement insured benefits offered by the Government of Ontario. Learn more
You’re ready! How do you apply to retire?
Your new chapter starts soon with a pension you can count on – for life! Our Member Experience and Pension Operations team is ready to help you every step of the way if you’ve decided to retire or are thinking seriously about it.
Consider choosing the last day of the month, as your pension is effective the first of the following month. Pension payments are made on the 26th of each month.
Check with your employer to find out when your health benefits coverage will end.
Consider choosing the last day of the month, as your pension is effective the first of the following month. Pension payments are made on the 26th of each month.
Check with your employer to find out when your health benefits coverage will end.
Your employer will notify us of your retirement date.
Your employer will notify us of your retirement date.
Review your information and make updates if needed (email, phone number, beneficiaries, etc.) through your Online Services account.
Review your information and make updates if needed (email, phone number, beneficiaries, etc.) through your Online Services account.
Proof of age for your spouse
Proof for your eligible children if any
Proof of age for your spouse
Proof for your eligible children if any
This happens after your employer informs OPTrust of your termination.
This happens after your employer informs OPTrust of your termination.
Retirement Checklist
Some retirement experts say you should plan on generating 55% - 75% of your annual pre-retirement income for each year of retirement. The pension you receive from OPTrust will help you maintain your current lifestyle in retirement, but there is a lot to think about and plan for!
"OPTrust has been fantastic in providing guidance and reassurance throughout my journey towards retirement. Taking the leap into retirement is a big deal, and I'm grateful that everything was taken care of and for the support."
Jerry Arnold
OPTrust Retiree
Post-retirement insured benefits
You've worked hard to save for your pension and now it's time to enjoy it. But first a few things to get you retirement ready.
Common-law relationships and your pension
Did you know you don’t have to be married for your partner to receive survivor benefits? This video covers common law relationships and survivor benefits for your pension.
Check out our pension information sessions and videos
Our pension information sessions are a great way to learn more about your pension.
Online pension estimator
Log in to your Online Services account and use the estimator to find out the impact of starting your pension at different ages.