Go to the Ontario Teachers Pension Plan main homepage
Skip to main content

Life & Career Events

Understanding Your Retirement Income

The Canada Pension Plan (CPP) and Old Age Security (OAS) complement your Ontario Teachers' pension. Here's what you need to know about these components of your retirement income.

You can collect OAS payments at age 65. OAS has no impact on your Ontario Teachers' pension.

CPP is integrated with your Ontario Teachers' pension

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 earlier if you start a CPP disability pension, the bridge benefit ends.

We'll adjust your pension at that time by an amount that's likely less than your unreduced CPP pension. This amount is based on a formula, not what you'll receive from CPP.

Use this tool to get an idea of how much your bridge benefit currently is. Keep in mind the estimate doesn't include future inflation increases.

Your bridge benefit amount, without inflation, is about


This calculator provides an estimate of your bridge benefit amount. This is not your final bridge benefit amount. Your final bridge benefit amount will include future inflation adjustments. This calculator assumes that you contributed to both CPP and Ontario Teachers’ while you worked. It does not take partial years or part-time employment into consideration. The formula used is:

CPP adjustment factor (0.45%)
Years of service in Ontario Teachers' during which you also contributed to CPP
Year's Maximum Pensionable Earnings average or best-five salary (if less)
Bridge benefit amount

If you go on a CPP disability pension, make sure to contact us and let us know immediately, so we can make the necessary adjustments to your pension.