Pension Estimator

Use this calculator to estimate the pension income you could receive from OPTrust Select if you joined the plan today and retired at age 65.

This calculator is intended only for individuals who are not members of OPTrust Select and who may wish to join in the future.

If you have already joined OPTrust Select and want an estimate of your future pension, please contact OPTrust. This estimator will not produce accurate estimates for you as it will not include the pension you have already earned.

  1. Enter your age, salary and work ratio into the calculator and it will estimate your OPTrust Select lifetime pension every year from age 65 to 95.
  2. Customize your estimate by using the drop-down menus to predict various increases to your salary and/or inflation.
  3. Add in any past service with your current employer that you may be eligible to purchase or "buy back".

Your estimates may be printed or saved for future reference.

The lifetime pension is the sum of the pension earned in all calendar years that a member contributes to OPTrust Select. See the section below for the formula used to calculate the pension.

Your estimated OPTrust Select pension is based on:

  1. The pension formula and other provisions of OPTrust Select,
  2. The information you enter into the calculator, and
  3. The estimated increases you select.

The formula for calculating the amount of pension earned for each year of membership in OPTrust Select is:

0.6%    x    salary      x    pension service

Salary is the regular pay you would earn if you worked full time for one calendar year (not including overtime or bonuses).

Pension service is employment service for which pension contributions are made, based on the hours you work or your ‘work ratio’. Your work ratio is the percentage of hours you work compared to the standard full-time hours for your position. If you work full-time your work ratio is 100%.  If the standard full-time hours for your position is 40 hours per week and you work 30 hours per week, your work ratio is 30/40 or 75%.

OPTrust Select was designed to work together with your personal savings and your Canada Pension Plan and Old Age Security payments to give you a secure source of retirement income. And once you retire, your OPTrust Select pension is paid – for life.

Retirement income infographics: OPTurst Select + CPP + OAS + Personal Savings = Your Retirement Income