Helpful Topics

You will be assigned a “Pension Partner” at OPTrust. This person will be your primary contact, and will respond to your questions within two business days. Your Pension Partner will schedule periodic meetings to keep you up to date, and may at times have questions about your data.

Read more about inquiries

Member Regular Contributions
Members are required to contribute 3% of their gross pensionable pay. You are required to deduct member contributions from each pay and remit them to OPTrust within specified timelines

Employer Regular Contributions
You are required to match the 3% of members’ pensionable pay.

Read more about contributions

When a member is absent from work on an approved leave of absence, member and employer contributions may be mandatory or optional, depending on the type and length of the leave.

Read more about leaves of absence

Member Contributions
For administration and reconciliation purposes, member contributions are required to be remitted to OPTrust within five business days from the date of deduction.

Employer Contributions
For administration and reconciliation purposes, all employer contributions are required to be remitted to OPTrust with the related member contributions (i.e. within five business days from the date the member contributions were deducted from pay).

Read more about submitting contributions

Employer Questions and Answers

Employers may be eligible to join OPTrust Select if they are:

  • a charity in Ontario registered under the federal Income Tax Act
  • a not-for-profit organization in Ontario incorporated under the Corporations Act (Ontario)
  • a broader public sector organization in Ontario that receives a minimum amount of funding from the provincial government, or
  • an eligible organization whose employees are represented by OPSEU and are not already eligible to participate in the OPSEU Pension Plan or another defined benefit pension plan.

An organization that is interested in participating in OPTrust Select must submit an application form to OPTrust, with a copy of the organization’s audited financial statements for the past three years and five years of depersonalized employee data. We will also ask the organization to sign a confidentiality agreement before any exchange of information. To request an application form, please email or call 416 681-3609.

Participation in OPTrust Select is not automatic and must be approved by OPTrust. When reviewing an employer’s application, OPTrust considers a number of factors, including the organization’s financial viability, employee data and its administrative capabilities.

Employees will contribute 3% of their regular salary and the organization will match those contributions. Employers must also pay an additional 0.2% for the first two years they participate in OPTrust Select (3.2% in total).

More Employer Questions and Answers

OPTrust Select Employers

OPTrust Select is designed specifically for organizations in the nonprofit, charitable and broader public sectors in Ontario and brings the advantages of OPTrust’s large scale and investment expertise to organizations that did not previously offer a defined benefit pension. The people who have joined OPTrust Select provide a range of critically important services including healthcare, community support and environmental advocacy. View the interactive map

employer map

About the Plan

OPTrust Select is a schedule of benefits under the OPSEU Pension Plan, one of the top 10 public sector pension funds in Canada.

Both schedules of benefits are administered by OPTrust. Other than budgeting for contributions, employers have no administrative costs or burdens.

OPTrust operates on a nonprofit basis, managing the fund on behalf of over 100,000 members and retirees, without taking any dividends from it. The administrative cost is about 0.35% of the fund, which compares favourably to the 2% that public market money managers might charge for a single employer plan.

The fund has over $25 billion in assets. This is large enough to access investment opportunities that single employer plans like group RRSPs typically cannot.

The Plan is fully funded, which means that we can deliver on the retirement promise made to all members: secure, predictable retirement income – for life.

Have questions about how OPTrust Select can provide greater retirement security for your organization and help you attract and retain top talent?

Join us in one of our upcoming webinars