Ending your Coverage under the Optional Upgrade Package

If you decide to terminate your coverage under the Optional Upgrade Package (OUP), please be advised that your decision is final and irrevocable. Once you opt out, you cannot re-enrol.
To terminate your coverage under the OUP, please notify OPTrust using one of the two methods below:

  1. Send us a secure message using your online services account.
  2. Send us a scanned copy or photo of a written notice that includes your full name, OPTrust ID #, signature and the date using the secure Contact Us page of our website.

Your OUP premiums and coverage will continue only until the end of the month in which OPTrust receives your notice terminating your coverage.

Your notice applies only to your coverage under the OUP and does not affect your coverage under the post retirement insured benefits plan in which you are enrolled.

COVID-19: OPTrust is prepared to pay pensions and continue to serve our members

In the interest of the health and wellbeing of us all, the office is closed to all visitors until further notice. Members, retirees and employers can connect with Member Experience using secure messaging via Online Services or telephone. The mailbox can be used for communications intended for other departments or by Members that are unable to open an Online Services account. Our new Member Experience service hours are Monday - Friday from 9am to 5pm. Read more on our COVID-19 updates

Canada Life Healthcare and Dental Claim Forms

OPTrust will no longer provide paper copies of Canada Life claim forms.

You may print the claims forms from our website or register for Canada Life’s GroupNet (Watch a 45-second video that shows you how to register) to submit claims faster and get your benefits info directly online.  

2021 Cost of living adjustment for your OPTrust pension

Starting January 1, 2021 your pension will increase by 1%. The adjustment is a valuable feature of the Plan that helps your pension keep pace with inflation in retirement. For more information on how your increase is calculated, read Good to Know: Cost of Living Adjustment for Your Pension. Wondering about what impacts the calculation of the Cost of Living Adjustment? Have a look at this explanation online.

Inflation remains low due to global factors

OPTrust today announced a 1% cost of living adjustment that will go into effect January 1, 2021. The adjustment is designed to protect the pensions of retirees, survivors and deferred members in the OPSEU Pension Plan against inflation. The inflation rate is measured by the Consumer Price Index (CPI), reported by Statistics Canada, which OPTrust adopts to set the adjustment.

Many economic factors are working together to keep inflation low. COVID-19 is also disrupting the economy – consumer goods and services such as clothing and footwear, air travel and gas prices all experienced a decline for much of 20201.

Other factors that have contributed to the low inflation environment include:

  • an aging population
  • technological innovation
  • increasing globalization

According to the Bank of Canada, low, stable and predictable inflation is good for the economy – and for Canadians’ finances. It helps money keep its value and makes it easier for everyone to plan how, where and when they spend.

While it feels like everything is becoming more expensive, inflation has been consistently low over the past decade and OPTrust’s annual cost of living adjustments continue to reflect that. Since the Plan’s inception in 1995, COLA has averaged 1.8% per year.

1 Inflation rate fell to -0.4% in May as COVID-19 continued to wallop Canada's economy

Send your documents without delay!

With the office closed we are unable to collect and process paper mail.

You can connect with us immediately by sending all your pension documents to OPTrust using your Online Services account or our Contact Us drop box feature. Avoid any delays and go digital. It’s safe, secure and fast!

Protecting each other
We offer our thanks to our members working on the front lines who continue to support us and keep us safe. One way we can all help to protect each other is to download the federal government’s COVID Alert app. It can aid us in tracking the spread of the virus in our communities. Learn more about the COVID Alert app

Changes to Post-Retirement Benefits Premium Rates and OUP Premium Rates for OPTrust Retirees

Effective July 1, 2020, the premium rates for the Government of Ontario’s post retirement insured benefits plans and the associated optional upgrade packages are increasing.