OPTrust and the OMERS plan have entered into a new transfer agreement that gives eligible retired and inactive members a one-time opportunity to merge their pension benefits in the successor employer’s pension plan. If you were part of a divestment transaction and have a deferred pension or pension in pay with OPTrust and the OMERS plan, this may affect you.
Please note: HOOPP and OPB may enter into the transfer agreement at a later date. If they do, their eligible retired and inactive members will receive similar options as those included in this agreement.
Next steps:
Eligible retired and inactive members who retired or terminated on or after May 18, 2010 will be given the option to merge their pensions.
OMERS and OPTrust will send information, including a transfer-options application form, to their eligible retired or inactive members. Members who request their transfer options will receive additional information and an election form.