Examples of Options and Costs

Amounts below are based on an average unreduced Ontario Teachers' pension of $51,000. Cost varies based on a variety of factors including your age, your eligible spouse's age, and the percentage of survivor pension you elect.

50% option

Survivor pension cost $0
10-year pension guarantee cost
(Original pension – survivor pension cost – CPP reduction) x 0.1%
$45
Member's pension (without CPP reduction)
Original pension – survivor pension cost – 10-year guarantee cost
$50,955
Member's pension (with $6,220 CPP reduction)
Original pension – survivor pension cost – CPP reduction – 10-year guarantee cost
$44,735
Survivor pension (based on elected option)
(Original pension – 10-year guarantee cost – CPP reduction) x chosen option
$22,368

60% option

Survivor pension cost $450
10-year pension guarantee cost
(Original pension – survivor pension cost – CPP reduction) x 0.1%
$44
Member's pension (without CPP reduction)
Original pension – survivor pension cost – 10-year guarantee cost
$50,506
Member's pension (with $6,220 CPP reduction)
Original pension – survivor pension cost – CPP reduction – 10-year guarantee cost
$44,286
Survivor pension (based on elected option)
(Original pension – 10-year guarantee cost – CPP reduction) x chosen option
$26,842

75% option

Survivor pension cost $1,150
10-year pension guarantee cost
(Original pension – survivor pension cost – CPP reduction) x 0.1%
$44
Member's pension (without CPP reduction)
Original pension – survivor pension cost – 10-year guarantee cost
$49,806
Member's pension (with $6,220 CPP reduction)
Original pension – survivor pension cost – CPP reduction – 10-year guarantee cost
$43,586
Survivor pension (based on elected option)
(Original pension – 10-year guarantee cost – CPP reduction) x chosen option
$33,552