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Apply for your pension online. Go paperless with electronic annual statements and tax documents. Register today. Access our most popular retirement planning tools, including the pension calculator, bridge benefit calculator and buyback calculator.
The official site of the Ontario Teachers' Pension Plan. Find out what we're doing, who we are, and how to contact us.
What kind of a pension plan is the Ontario Teachers’ Pension Plan (OTPP)? The OTPP is a defined benefit pension plan. This means that your pension is based on a formula: 2% X your years of service X your best five years’ average salary.
If you're a teacher earning a salary of $70,000, you'll pay $7,304 in pension contributions in 2024. Almost all of your contributions will be made at the lower contribution rate. How we calculate your pension. You qualify for an unreduced retirement pension when you reach your 85 factor (age + qualifying years = 85), or at age 65.
The Ontario Teachers’ Pension Plan (Ontario Teachers') serves a total of active and retired membership of over 310,000. OSSTF/FEESO represents the interests of approximately 40,000 contributors to the OTPP through the member plan sponsor, the Ontario Teachers’ Federation.
THE BASICS. Obtain information on the nuts and bolts of the Ontario Teachers’ Pension Plan. CONTRIBUTIONS. Retrieve essential information on pension contributions. FUNDING ARCHIVE. Get historical funding information: Valuation decisions, member funding announcements, and past discount rate reviews.
Retirement Planning. If you are thinking of retiring in the near future, there are many factors to consider, not the least of which is your pension. To get an overview of your pension, you should visit the Ontario Teachers’ Pension Plan (OTPP) web site.
Estimate your Ontario Teachers’, CPP and Old Age Security pensions.
There are two key factors in determining how much pension you’ll receive – your average salary and years of service in the Plan. If you retire before you reach age 65 (the normal retirement age), your pension will be calculated using the formula below.
This workshop will introduce Teacher Candidates to the Ontario Teachers’ Pension Plan (OTPP) and how it operates. Several topics will be covered including qualifying years vs credited years, commuted value, conditional indexation, and pension buybacks when on leave.
