U of T Pension Plan
Supporting the well-being of employees and their families
About the U of T Pension Plan
The University of Toronto (U of T) Pension Plan and the University of Toronto (OISE) Pension Plan* are defined benefit pension plans that provide eligible members (see your employee group collective agreement or employment policies for eligibility to participate) a pre-defined lifetime income, regardless of financial market conditions and how long you live.
Your pension also provides:
- Income after your death to an eligible spouse and / or dependent children
- Retirement income that is related to your salary and service accumulated while in the pension plan
The earlier you join the plan, the greater your pension benefit will be. Your pension contribution is deducted directly from your paycheque. To help ensure the purchasing power of that retirement income, your pension is based on your highest 36 months of pensionable salary. Once you start receiving your pension, it is increased annually to help offset how much living expenses have increased.
For estimates and questions about your pension, please contact:
U of T Pension Services
Read the Plan:
*The University of Toronto Pension Plan (registration #0312827) and University of Toronto (OISE) Pension Plan (registration #0353854) fall under federal regulation and the provincial Pension Benefits Act.
Enrolment & Eligibility
Shortly after starting work, you’ll be invited to a benefits orientation session with your HR Divisional Office. At that time, your enrolment options will be discussed with you.
For enrolment and eligibility, please contact your Divisional HR Office.
Pension Plan Booklets
- Pension Plan Booklet — Confidentials and Professionals & Managers (1 to 5) (PDF, 442 kB)
- Pension Plan Booklet — CUPE 1230 & 3261, OPSEU 578, and USW 1998 (PDF)
- Pension Plan Booklet — CUPE 2484 (PDF, 451 kB)
- Pension Plan Booklet — Faculty & Librarians (PDF, 456 kB)
- Pension Plan Booklet — IBEW 353 & UNIFOR (PDF, 450 kB)
- Pension Plan Booklet — OPSEU 519 (PDF, 451 kB)
- Pension Plan Booklet — Professionals & Managers (6 to 9) (PDF, 450 kB)
- Pension Plan Booklet — Research Associates (PDF, 450 kB)
Transferring Your Pension
U of T’s Pension Plan has a provision that allows you, as a new employee, to transfer pension funds from the Canadian Registered Pension Plan (RPP) of your former employer to our Plan, enabling you to receive additional service credit within the University of Toronto Pension Plan for your former pension service.
This additional service credit within our Plan counts towards your University pension and may help you qualify for an unreduced, early retirement when you reach age 60. Pensions or assets from other countries cannot be transferred to the University of Toronto Pension Plan.
Apply to Transfer Your Pension:
Transferring your pension from an RPP takes at least a year (minimum) to complete.
To assist with the process, you can:
- Contact your former employer and have them fill in the Transfer of Pension Credits to the University of Toronto Form
- Complete and return the Pension Transfer Application Form within 12 months from the date you became a member of the U of T Pension Plan.
Please return the forms to:
Divison of HR & Equity
University of Toronto
215 Huron Street, 8th Floor
Toronto, ON M5S 1A2
The University also has reciprocal agreements with several employers, which govern the reciprocal recognition of pension service between the University’s Pension Plan and other employers’ plans.