Your to-do list
December 12, 2016
January is a popular time for new year’s resolutions. May we suggest cleaning up your Ontario Teachers’ profile as one of yours for 2017?
We’ve put together a list of steps for you to take to ensure your pension information is complete and up-to-date.
If you answer “yes” to any of these questions, then sign in to your Ontario Teachers’ online account and update your personal information.
Have you moved or are you planning on heading south for the winter? Update your contact information in your online account so that you stay up-to-date on your pension while you’re away.
Change banks? Make sure we’ve got your current bank account information so that your pension’s direct deposit doesn’t miss a beat.
Live abroad? We can wire your pension into a foreign account, but your deposit advice will always be printed in Canadian dollars.
Planning for your loved ones
Ensuring your affairs are in order will help us to assist your loved ones should you become incapacitated or upon your death. Here are three things to consider today to ease what will undoubtedly be a difficult time:
- Designate a power of attorney (POA), and let us know about it. You’re not required to have a POA, but doing so will ensure that in the event you’re not of sound mind, decisions made on your behalf will be made by someone you trust. Check out the Ministry of the Attorney General’s tool kit for information on how you can go about designating a POA.
- If your spouse predeceases you, please let us know and provide a copy of the death certificate. We’ll update your profile and when your survivors notify us of your death, it’s one less step that they’ll have to worry about.
- Create a contact list for your survivors that includes our Member Hotline (1-800-668-0105) and the Canada Pension Plan. Our Pension Benefits Specialists will guide your eligible spouse or dependent children through the survivor pension application process.