How Your Pension Works with CPP

As with most pension plans in the country, the Ontario Teachers' Pension Plan is designed to work with the Canada Pension Plan (CPP). Contributions to and benefits from Ontario Teachers' take into account your participation in CPP.

During your working years

Each year, the CPP established a maximum amount of earnings (also known as the Year's Maximum Pensionable Earnings) on which your contributions were based. Your Ontario Teachers' contributions were reduced to reflect the contributions you made to, and the benefits you earned under, the CPP during the same period.

During early retirement up to age 65

We provide a bridge benefit over and above your Ontario Teachers' pension amount until you reach age 65. This benefit is intended to supplement your retirement income until age 65 when you're eligible for an unreduced CPP pension.

After age 65

Once you reach age 65, this bridge benefit stops.

If you start collecting your CPP pension before age 65, you'll notice a decrease in your total pension income at age 65 when the bridge benefit ends.

If you wait until age 65 or later to begin collecting a CPP pension, you'll probably not notice a significant difference in your pension income when the bridge benefit ends.

Questions?

For any specific questions, we recommend you contact the CPP.