Pensions to increase by 1.6 per cent for 2018 cost-of-living adjustment

December 12, 2017
Pensions to increase by 1.6 per cent for 2018 cost-of-living adjustment
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OPB is pleased to announce that the cost-of-living adjustment (COLA) for 2018 is 1.6%. You will receive your Retired Member Statement with your personal annual cost-of-living adjustment in January 2018 with the breakdown of your gross monthly pension for the year that includes COLA. You can also learn more about COLA on our Inflation protection webpage.

To help you plan for your 2018 pension payments, we've posted pay dates for next year on our Pay Dates webpage. We've also included information on how you can sign up for direct deposit for your pension payments – whether you live in Canada, the U.S. or another part of the world.

With the end of the year approaching, here are some items you may also want to consider:

  • Has any of your personal information changed? Please update us! Visit our Keeping your Personal Information Updated webpage to learn more about the information we need and why we need it – it's all about making sure we provide you with the best and most timely service.
  • Review your beneficiary information and make sure they are up-to-date.
  • If your 65th birthday is in 2018, note that your PSPP early retirement bridge benefit will end on the month you reach age 65.
  • If you're holding on to medical and dental submissions for 2016, you may have until the end of 2017 to submit them for reimbursement. Visit our Great-West Life webpage for details and deadlines for submitting your claims.

If you have any questions about any of this information, our Client Care Centre is ready to assist you. Call us at 416-364-5035 or toll free (Canada and U.S. only) at 1-800-668-6203.