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Retirees

Cost of Living Adjustment for Your Pension
Starting January 2020, your pension will increase by 2%. The annual cost of living adjustment (COLA) is applied to all pensioners, survivor pensions and to the deferred pensions of former and divested members. Read more

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Post-Retirement Benefits Premium Rate and OUP Premium Rate Changes for OPTrust Retirees
Ending your Coverage under the Optional Upgrade Package

As a member of the OPSEU Pension Plan, there are a number of life events that will affect your pension.

Starting Your Pension

couple retirement

Your pension is usually paid on the 26th of the month, is payable for your lifetime and provides survivor benefits for your eligible spouse.
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Pension changes at 65

senior woman

At age 65 the additional pension benefit from OPTrust ends and your pension is integrated with the Canada Pension Plan (CPP).
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Insured Benefits

senior couple

Insured benefits for eligible retirees include coverage for: dental, supplementary health and hospital and basic life insurance.
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Marital Status changes

couple

Marital status affects survivor benefits. If your marital status changes, notify OPTrust to ensure your information is up to date.
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Planning for your Survivors

senior using computer

Your OPTrust pension provides benefits for your survivors, so it's important that you identify who you want to receive those benefits.
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