The retirement packages attached below provide information that will be useful to you as you plan your upcoming retirement. There are separate packages for Teachers and for PSSP.
Included are instructions on submitting your retirement to the Board which should be done with four weeks’ notice.
You should contact the Ontario Teachers' Pension Plan or OMERS four months before you intend to retire for information and to start the paperwork process.
District 13 OSSTF honours its Permanent Teacher retirees at the District Annual Meeting in May and the Occasional Teacher and PSSP units at their individual AGMs. Your Branch President or Bargaining Unit President will have a free ticket for you, and we look forward to seeing you there.
Best wishes as you begin this new phase in your life!
Retirement Workshops
There are two different types of retirement workshops available to our members at no cost every spring and fall. Members will be notified when the dates for these workshops are finalized for 2022/2023 school year.
OSSTF in conjunction with Educators Financial
The workshops focus specifically on pension planning and retirement. Whether members are fifteen years from retirement, or a few months away, they can discover common sense financial strategies and retirement planning ideas. The workshops are approximately 75 minutes long and provide opportunities for members to ask questions of the OSSTF/FEESO and EFG presenters.
OTIP
OTIP offers a workshop about retirement benefits. It covers valuable information that will be useful to all those planning to retire within the next five years.
"Walk into Retirement with a Plan” will be offered multiple times throughout the year. The dates for these workshops will be shared with members when they are finalized for the 2022/2023 school year.
Additional OMERS Workshops
OMERS offers workshops and webinars for members from all types of employers. The Power of Your Pension Plan is the general OMERS pension information workshop. But they also offer other short workshops and webinars on specific topics such as the AVC options, survivor benefits and preparing for retirement. Check frequently at www.omers.com/events for updates.
Please be advised that in addition to the in-person pension workshops being delivered during the 2022-2023 federation year, OSSTF/FEESO and Educators Financial Group (EFG) will be offering the following OTPP and OMERS pension webinars to our members.
OMERS – English
Tuesday January 24, 2023 – 5:30 PM
https://attendee.gotowebinar.com/register/3442358028896633182
OMERS – French
Wednesday January 25, 2023 - 7:00 PM
https://attendee.gotowebinar.com/register/3675395120357343072
OTPP – English
Tuesday January 31, 2023 – 4:30 PM
https://attendee.gotowebinar.com/register/6039479260494363221
Stop Paying your LTD Premiums (Permanent Teachers)
As you near retirement, you may qualify to stop paying your LTD premiums if you meet one of three criteria:
• you are age 65
• you have a pension greater than 60% and you have reached your 85 factor
• you are within 110 working days of your announced retirement date
o If you intend to retire January 2023, this threshold has already past and you can request to stop paying your premiums at any time.
o If you intend to retire June 30 2023, this threshold is January 16, 2023 and you can request to stop paying your premiums effective at that time.
If you think any of these criteria apply to you, contact Nicole Bléau at the District Office for information on how to proceed.