WEBVTT

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Choosing your resignation date is an important step
in starting your pension.

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In this video, we'll explain how the timing works,

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what many members choose based on their job type,

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and important things to consider including your insurance
coverage so you can decide what works best for you.

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Here's the key rule to remember: Your pension begins
no earlier than the month after you resign.

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That's why many members choose a resignation date
at the end of the month.

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If you're a 10-month employee working from September
to June, you may want to consider resigning at the

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end of the month on June 30th.

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This allows your pension to start in July, right after
the school year ends and if applicable this could

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mean you'll still receive your summer earnings that
were deferred during the school year.

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If you're a 12-month employee working from September
to August, you may want to consider resigning at the

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end of the month on August 31st.

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This allows your pension to start in September and
ensures you receive full credit for your final school year.

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If you're resigning for retirement in a month other
than June or August consider choosing the end of the

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month as your resignation date

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since the earliest your pension may start is the
month after you resign.

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But before deciding on your resignation date

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consider the impact on your insurance coverage like
your medical, dental or other benefits.

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Your employer can provide you with those details.

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Keeping these factors in mind, sign into your account
to use the pension calculator and explore your options.

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You can try different resignation dates and see the
impact to your pension amount

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at www.otpp.com/calculator. With the right information,
you can make this decision with confidence.

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If you'd like additional information to help prepare
you for retirement, more resources are available online

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at www.otpp.com/retire.