When can you retire?

An Ontario teacher pension estimate. Enter your age, years of service, and salary to see your 85 factor date and roughly what your OTPP pension would be.

You retire with a full pension at your 85 factor (age + years of service = 85), or at age 65, whichever comes first. Your pension is 2% × your years × your best-five-year average salary.

We use this to estimate your best-five-year average.

A rough estimate using OTPP's rules: unreduced at your 85 factor (age + years) or age 65, and 2% × years × best-five salary. It uses your current salary as a stand-in for the best-five average, treats your service as full-time, and doesn't model the drop at 65 when the pension integrates with CPP. For your exact numbers, log in to otpp.com. Not affiliated with the Ontario Teachers' Pension Plan.

How your teacher pension works

The 85 factor
Age + qualifying years of service = 85. Hit that (or age 65) and your pension is unreduced. Every year you work moves the factor up by two, one for age, one for service.
The formula
2% × credited years × your best-five-year average salary. Thirty years on an $85,000 average is about $51,000 a year.
Retiring early
You can draw a reduced pension from age 50. The cut is the lesser of 2.5% per point below your 85 factor or 5% per year under 65.
The drop at 65
OTPP is integrated with CPP, so the amount above steps down at 65 (a bridge benefit ends the month after you turn 65). Your real lifetime number is a bit lower than the to-65 figure.
Contributions
Members contribute 10.4% of salary up to the CPP limit and 12.0% above it, matched by the Ontario government and participating employers. The CPP limit changes each year: $71,300 for 2025 and $74,600 for 2026.

This is an educational estimate, not advice or an official OTPP quote. For exact numbers, log in to otpp.com. Not affiliated with the Ontario Teachers' Pension Plan.

Sources and dates

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