Sooner or later the time will arrive when you are going to retire.  Perhaps you are a planner and would like to have your retirement options laid out well in advance?  If either of these scenarios sound like you, we would encourage you to attend a local retirement workshop hosted by OSSTF and the Ontario Teachers' Pension Plan (OTPP).  These workshops can be very enlightening and will help you make a plan before you need a plan.  Our annual Retirement Workshop is typically held in November, so keep a lookout for upcoming retirement workshops, which will be advertised via our TBU Bi-Weekly communication and through our Branch Presidents.

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If you need more immediate information, you can always go online to the OTPP web site. There you will find your personal record of contributions, as well as a ‘pension calculator’ which you can use to calculate a wide number of different retirement scenarios. You will need to get a login first, but it is well worth the trouble.

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OSSTF Pension Information Link

Ontario Teachers’ Pension Plan (OTPP)

Link to Retirement Letter Template PDF

Link to Retirement Letter Template Word

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Once your are eligible for retirement (meaning you are eligible for your 60% reduced pension OR you are turning 65 years old in 110 working days) you can terminate your LTD payments. If are not eligible for your 60% unreduced pension or turning 65, you can still cancel LTD if you have submitted a notice of retirement to the Employer AND you are retiring in the next 110 working days.  Remember, should you become too ill or injured to work, you have a 120 day short term leave and disability plan you can access. To cancel LTD, please follow the instructions outlined below.  

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Instructions to Terminate OSSTF Long Term Disability Plan

Application for Coverage Termination OSSTF Provincial Long Term Disability Plan

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Please use our Retirement Flowchart (below) to make sure you have everything ready for the big day.  For Additional Retirement Information contact: Erin Doupe (TBU Benefits Officer) 

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