Transferring your pension

With a reciprocal transfer agreement

WISE Trust is a part of a group of pension plan administrators that entered into a pension transfer agreement to make it easier for members to transfer their pension benefit to or from any of the pension plans listed below.*

• Electrical Safety Authority Pension Plan
• Healthcare of Ontario Pension Plan (HOOPP)
• Hydro One Inc. Pension Plan
• Independent Electricity System Operator (IESO) Pension Plan
• Ontario Municipal Employees’ Retirement System (OMERS)
• Ontario Power Generation (OPG) Pension Plan
• Ontario Public Service Employees’ Union Pension Plan (OPTrust)
• Ontario Teachers’ Pension Plan (OTPP)
• Public Service Pension Plan (Ontario Pension Board)
• Federal Public Service Superannuation Plan

*The participating pension plans of the reciprocal transfer agreements are subject to change.

Eligibility requirements for reciprocal transfer agreements

• must have started working for one of the participating employers within 18 months of leaving your former employer
• must make your request to transfer your pension value within six months of joining the Plan (or, in the case of transfers from the Federal Public Service Superannuation Plan, within twelve months)
• funds must still be in your former employer’s pension plan

Transferring without a reciprocal transfer agreement

If we don’t have a reciprocal transfer agreement with your former employer, you may still be able to transfer your pension. Group RRSPs from your previous employer or personal RRSP accounts are not eligible for transfer into the Plan.

Eligibility requirements without a reciprocal transfer agreement

• your pension funds must still be in your former employer’s pension plan
• you must submit your request to transfer within 18 months of leaving your former employer and within six months of joining the Plan

Contact the WISE Trust Pension Contact Centre for more information.