Understanding 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.
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:
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.