February 2, 2022
Plan changes to accommodate temporary part-time work arrangements
Effective February 1, 2022, changes were made to OPTrust Select so members earn full pension service if they temporarily reduce their working hours.
These changes were made to support OPTrust Select members who participate in flexible working arrangements so they can maximize their pension.
OPTrust Select members who enter into a ‘temporary part-time work arrangement’ on or after February 1, 2022 will continue making pension contributions based on their regular work hours so they earn full pension service, and OPTrust Select employers will match their contributions.
OPTrust Select members can also choose to make pension contributions for only the reduced hours they work and apply to buy back the pension service for the hours they did not work after the arrangement ends.
OPTrust Select members may also apply to buy back pension service for the hours when they did not work during an arrangement that began before February 1, 2022.