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Life & Career Events

Throughout your career, you contributed to both our plan and the Canada Pension Plan (CPP). During your retirement, you'll collect a pension from both plans.

The bridge benefit

We provide a bridge benefit to supplement your retirement income until age 65, when you're eligible for an unreduced CPP pension. The month after you turn 65, or immediately if you start a CPP disability pension, the bridge benefit ends and your Ontario Teachers' pension payment is adjusted.

Impact to your retirement income

Everyone's situation is unique. Many pensioners who are turning 65 this year and retired five years ago after teaching for 30 years, can expect to see their Ontario Teachers' pension decrease by about $6,700 a year, or around $550 a month.

But you may find the impact to your bottom line different when your bridge benefit ends. It all depends on whether you're already collecting a reduced CPP pension or waiting for an unreduced amount.

You'll collect the bridge benefit, and it'll end the month after you turn 65, regardless of when you decide to collect your CPP pension.