Frequently Asked Questions

Pensions are paid on or before the 26th of each month and are paid for your lifetime. Your first pension payment will be made on the 26th of the month following your date of retirement. For example, if you retire on May 15th your first pension payment for the month of June will be deposited into your bank account on June 26th. You can view a calendar of all pension payment dates here.


After you start receiving your pension, cost of living adjustments (COLAs) may be applied to your pension on an annual basis at the discretion of OPTrust’s Board of Trustees, based on the funded status of the Plan and other factors. These increases for inflation are not guaranteed and may range from 0 to 100% of the increase in the Consumer Price Index (CPI). Read more about the cost of living adjustment for your pension.


If you have retired and started receiving your OPTrust Select pension and return to work with an employer that participates in OPTrust Select or the OPSEU Pension Plan’s primary schedule of benefits your pension will continue to be paid to you, and you will not be able to resume making contributions to the Plan.


Under the Income Tax Act, you must start receiving your pension no later than the end of the year in which you reach age 71.


Before you start your pension, you have the option to increase the survivor pension from 60% of your pension to 65%, 70% or 75%. Your pension will be permanently reduced to pay for the increase and the reduction remains in effect for your lifetime. If you choose to provide your spouse with an increased survivor pension this decision cannot be changed after your pension begins, even if your spouse dies before you.


If your personal or contact information has changed, please notify OPTrust via the Contact Us page or call us at 416-681-3609 or 1-833-678-7528.


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.

The fund has $25 billion in assets. This is large enough to access investment opportunities that single employer plans like group RRSPs typically cannot. These investment opportunities allow OPTrust to diversify, and lower the risk associated with day-to-day market fluctuations.

In-house investment experts take the guesswork out of managing retirement savings.

As a long-term investor focused on providing pensions for our members now and into the future, we integrate environmental, social and governance issues, such as climate change and gender diversity, into our investment decision-making.

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.