If your contributions after 1986, plus interest, exceed more than half of the value of your pension earned after 1986, you'll receive a refund of the excess.
Note: If you ceased employment in education before July 1, 2001, specific eligibility rules apply. Please contact us for more information on your benefit options.
Transfer to a different pension plan
We have transfer agreements with other major public sector plans in Ontario and with teachers' plans in other provinces. If you become employed by one of them, you can transfer your credit into your new employer's plan and expect similar benefits upon retirement as you would if you had remained teaching.
If you move to an organization that doesn't have an agreement with us, you may be able to transfer the commuted value to your new plan and apply it toward a purchase of credit.