Early Retirement Incentive Plan

(ERIP) 2013-2014


The memorandum of understanding signed between OECTA and the Ministry of Education included a one-time only early retirement incentive plan (ERIP).

Key Points that you need to know

  • The retirement date must fall between December 1, 2013 and January 31, 2014
  • The incentive includes a $5,000 payout regardless of F.T.E.
  • A minimum 2 weeks notice is required, (more is preferred!)

Please Call OTPP to discuss your particular situation...

Toll Free: 1 (800) 668-0105

If you decide to take advantage of the early retirement incentive plan - please inform your principal, discuss an appropriate retirement date, and then inform the H.R. department.