Staying connected: Updates that matter most to you
At OPTrust, we’re committed to keeping you informed, supported, and confident in your retirement. In this edition of our retiree newsletter, we’re sharing important updates and helpful reminders to ensure you stay up to date on everything that matters to you.
Here’s what you’ll find inside:
Celebrating 30 years: Three decades of paying pensions today and preserving pensions for tomorrow.
Bill 124 updates: Learn how the repeal is affecting pension recalculations and what it means for your payments.
Protecting your loved ones: A quick check of your beneficiary information can make a lasting difference.
Post-retirement benefits update: Get the latest on premium changes starting June 1, 2025.
Your 2024 pension statement: Now available online for easy access and peace of mind.
Your pension is secure: OPTrust remains fully funded for the 16th year in a row.
Explore our new website: Redesigned with retirees in mind for a smoother experience.
Investing in a sustainable future: See how our climate strategy supports long-term pension security.
We’re here to help you navigate retirement with confidence—every step of the way.
Celebrating 30 years of paying pensions today and preserving pensions for tomorrow
As we celebrate OPTrust's 30th anniversary, we reflect on three decades of service to our members guided by our values, our vision and a clear mission of paying pensions today and preserving pensions for tomorrow.
The OPSEU Pension Plan was established to give Plan members and the Government of Ontario an equal voice in the administration of the OPSEU Pension Plan and the management of the assets through joint trusteeship.
And three decades later we continue to ensure that we deliver peace of mind in retirement for our retired members, invest sustainably for the long-term health of the Plan, and create an inclusive and fulfilling work experience for our people.
Thank you for being a part of our 30 years of success!
Bill 124 updates: Impact on retired members
The repeal of Ontario’s Bill 124 in 2024 has led to retroactive wage increases affecting pension contributions for many retired members.
OPTrust began recalculating pensions in fall 2024. As employers provide updated information, monthly pension amounts and any retroactive lump sum payments will be adjusted accordingly. Due to the high volume of updates, this process will continue through 2025.
OPTrust is committed to keeping retirees informed. Visit the OPTrust website for the latest updates.
Small update, big impact: Protect your loved ones today
When it comes to securing your legacy, a little paperwork can make a world of difference. Your pension is more than just a retirement plan — it’s a promise to protect the people who matter most to you. That’s why it’s so important to keep your beneficiary information up to date.
The Plan provides valuable benefits for your survivors should you die after starting your pension. It is important that you keep your spousal information and beneficiary designations up to date with OPTrust so we can pay any survivor benefits in accordance with your wishes.
Important update: Changes to post-retirement benefits & premiums
Starting June 1, 2025, eligible retirees enrolled in certain group insurance plans will see adjustments to their premiums. Here’s what you need to know:
Premium increases: Monthly payments for the Legacy A2 and Retiree-Focused B2 plans (where members cover 100% of premiums) will rise.
Out-of-Country coverage: If you're on a Legacy A1 or A2 plan, your out-of-country (OUP) premium will also increase. However, Retiree-Focused members' out-of-country premiums will remain the same.
Life insurance: Good news—there are no changes to life insurance benefits or costs for any group plans.
Understanding your coverage is key to planning for a secure and comfortable retirement. Stay informed and review your plan details to ensure you're aware of any adjustments.
For further information, contact Canada Life.
Your pension snapshot is just a click away!
We’re excited to let you know that your 2024 Annual Retired Member Statement is now available through our Online Services portal.
It’s a great way to stay informed about your retirement benefits and ensure everything is accurate and up to date.
Here’s what you’ll find in your statement:
Pension amounts in pay in 2024 and 2025
Cost of living increase
Beneficiary information
Your pension is secure – 16 years and counting
Your pension is secure – 16 years and counting
We’re proud to share that OPTrust is fully funded for the 16th consecutive year, as highlighted in our 2024 Funded Status Report, which means OPTrust for the 16th year in a row is able to ensure a stable and predictable retirement income. Being fully funded ensures we can pay pensions today and preserve pensions for tomorrow.
This means your pension remains secure, stable, and backed by strong investment performance — even in uncertain economic times.
Here’s what retirees should know:
Fully funded for 16 consecutive years
$26.8 billion in net assets
$1.4 billion in pension entitlements were paid in 2024
9.6% one-year net investment return
8.7/10 member satisfaction rating
Nearly 70,000 life events supported in 2024 — because we’re here for you at every stage
Thanks to our long-term investment approach and commitment to responsible investing, we continue to deliver on our mission: paying pensions today, preserving pensions for tomorrow.
Explore the new OPTrust.com – simpler, smarter and designed for You
We’re thrilled to introduce our new and improved OPTrust website, created with your needs in mind. Whether you’re checking your pension details or looking for helpful retirement resources, everything is now easier to find and use.
What’s new for retirees?
A cleaner, more intuitive design
Quick access to pension payment info
A dedicated section for retired members
Take a look around and see what’s new!
We’re committed to making your online experience as smooth and helpful as possible. If you have feedback, we’d love to hear it!
Investing for resilience: OPTrust’s climate strategy in action
Our dedication to managing climate risk is a core piece of our long-standing Responsible Investing program. We endeavour to increasingly embed climate risks, alongside other material ESG factors, into the way we do business across the organization to ensure we rise to the challenge as investment best practices evolve in the decades ahead.
OPTrust is taking meaningful steps to protect the long-term value of your pension by addressing climate-related risks and opportunities. Explore key milestones and ongoing progress in our enhanced climate change strategy.
Key highlights:
Net zero by 2050 ambition for our investment portfolio
11% reduction in carbon footprint since 2022
$3.6 billion invested in renewable energy and sustainable real estate.
$653 million invested in Canadian green bonds.
By integrating climate considerations into our investment decisions, we’re helping to safeguard the long-term health of the pension plan — while contributing to a more sustainable future.