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RETIREMENT GUIDE

This guide is intended for retiring Ontario teachers.

Retiring? Here’s a check list of what to do ...and the connections to make it happen. If you wish, print this page and record your progress.

1) Submit Letter of Retirement (not a letter of resignation)

Three months prior to your anticipated retirement date (e.g. April 1 if retiring at the end of June), send your Retirement Letter to your Board Human Resources Department with copies to your school superintendent and principal.

This timeline is recommended to ensure timely processing of your pension, alternate benefits, and the transfer of any retirement gratuity. Should any 'gremlins' arise in the process, this period should permit resolution. Remember, June is the month when most retirements are arranged.

2) Apply for Pension

Three months in advance of your required pension commencement date, contact the Ontario Teachers’ Pension Plan to obtain your personalized pension application form.
416-226-2700
1-800-668-0105

How to Apply for a Pension (OTPP's Web site).

3) Send to Pension Plan Board birth and marriage Certificates

If you haven't done so already, send the OTPP birth certificates for you and your spouse, marriage certificate, or notarized statement re common law marriage.

4) Notify the Ontario College of Teachers of your retirement status.

Contact the College at 416-961-8800 or toll free, 1-888-534-2222 and ask them to send you a Notice of Retirement Form, or visit their website, College of Teachers for further information.

5) Join RTO/ERO

RTO/ERO is the official voice of all retired persons in receipt of a pension administered by the Ontario Teachers' Pension Plan. (Application)

6) Check for adequate health insurance coverage

Confirm with your school board the coverage you have during retirement and when it terminates.

Ensure continuity of your health insurance coverage. Apply before your school board / spousal / other group coverage terminates (medical evidence of insurability is required if you apply after 60 days has elapsed or if transferring from an individual plan).

7) Contact for information

7) Apply for the Canada Pension Plan

CPP/ISP Website

You are eligible to receive Canada Pension as early as age 60. Obtain an application form from your local Post Office, Income Security Programs Office.

The normal age that you start receiving a CPP retirement pension is 65. However, you can start receiving your pension as early as 60 or as late as 70. If you start your pension before 65, you must stop working or earn less than a maximum amount for a required period of time.

If you start your pension early, it is permanently reduced by 0.5 percent for each month that you are under 65. If you start your pension later, it is increased by 0.5 percent for each month that you are over 65, up to the age of 70.

For practical on-line information, access the above CPP Web site, provided by Human Resources Development Canada.

Request a CPP application by phone. The toll-free number is 1.800.277.9914.