Members - Planning for Retirement

choose a retirement date close to the end of the month – pensions are effective the first of the month, and paid on the 26th
when retiring with an early retirement option, your pension is “topped up” until you reach age 65
learn about what Government Insured Benefit Plans are available to eligible OPTrust Pensioners
your pension is increased for inflation every January
your spouse at retirement qualifies as your “eligible spouse” for survivor benefits
qualifying for Government of Ontario insured benefits
your Online Services account is disabled from the time we receive your termination form until you start receiving a pension
we work to handle your service request in a timely manner

you can collect CPP at age 60 but there is a reduction for anyone under 65
- apply directly with CPP six months before you wish to start receiving CPP
Old Age Security (OAS) payments do not start until 65
- apply with Service Canada six months before you wish to start receiving OAS
OPTrust will send you a retirement package, after we receive your termination form

inform your employer and OPTrust of your retirement date
attend a pension information session
complete your employer’s forms & OPTrust’s forms
check that OPTrust has all the necessary documents from you to process your pension:
- Statement of Marital Status form
- proof of birth for your spouse, if applicable
- proof of marriage or common-law, if applicable
use the pension estimator in your Online Services account to determine your pension entitlement at various ages or request a pension estimate
- continue with the retirement income calculator to estimate net income

any life changes – marriage, separation, divorce, death, new beneficiaries
changes to contact information – address, phone number, email address, financial institution