OPTrust, HOOPP, OMERS and OPB sign divestment transfer agreement

OPTrust has signed the Pension Divestment Transfer Agreement that provides eligible members the option to transfer their OPTrust pension benefits to their current pension plan.

OPTrust, HOOPP, OMERS and OPB have signed the transfer agreement that gives eligible divested members a one-time opportunity to transfer the value of their pension benefits from their former plan to their current pension plan. If you were part of a divestment transaction, have pension service in OPTrust and are currently a member of one of the other participating plans, this may affect you.

• The transfer agreement

• Sample pension transfer options letter

• OPSEU Pension Plan key plan features comparison

• Mid-June: advance notices are mailed to eligible members – a personalized letter that tells you if you may be eligible to transfer your pension benefit from OPTrust to your new plan.

• August - October: personalized detailed information packages are mailed.

• Ongoing: Frequently asked questions on public website, updated as new questions arise.