Termination - Ontario Pension Board

In this section

This section contains the following three subsections.

Subsection	Topics
Terminating PSPP Membership	Terminating Mandatory Membership, Terminating Optional Membership, Involuntary terminations and grow-in, and Terminating Members with Shortened Life Expectancy
Termination Options	Transferring Pension Credit to Other Plans.
Divestment	Process for Divestment Required Information

What is Termination?

Termination is the end of the employee's membership in the PSPP before eligibility for immediate retirement. The member either:

leaves employment, or
changes job and the new employer is not a participant in the PSPP.

Exception: Transfers from PSPP to OPSEU Pension Plan

It is a mandatory transfer when a member's change in employment

requires the member to terminate their PSPP membership and join the OPSEU Pension Plan, and
occurs without a break in employment.

In this case, the members' Pension Credit and the value of their benefits are transferred directly from the PSPP to the OPSEU Pension Plan. Members do not receive termination options.

Termination Forms