Create a personalized retirement snapshot with OPB's new Retirement Planner

OPB is excited to announce the launch of our new Retirement Planner!

The Retirement Planner is a comprehensive tool that helps you build a clear, personalized retirement snapshot that reflects your financial picture, including your estimated Public Service Pension Plan (PSPP) pension, government benefits such as Canada Pension Plan (CPP) and Old Age Security (OAS), any personal savings and investments, and expenses and debt.

The tool, developed with our partners from Planworth, was designed to be used by you on your own or as part of a 1-on-1 session with one of OPB’s Certified Financial Planners, who can use the Retirement Planner to help build a robust retirement plan that reflects your retirement and financial goals in the context of your personal circumstances. It is now available to Active members through our e-services portal(opens in a new tab) and will be available to Deferred and Retired members in 2026.

Some key benefits include:

• Personalized Retirement Snapshot: Build a personalized snapshot of your overall retirement income and outlook that is pre-populated with information that we already have on file for you, along with key financial details that you provide.
• Visual Projections: View a year-by-year breakdown of your estimated retirement income, helping you make informed decisions about when to retire.
• Scenario Exploration: Explore different “what if” scenarios to see how changes such as spending goals could impact your plan.
• Save and Compare: Your information is saved in the tool, so you can compare scenarios and revisit and update your plan at any time.
• Advisor Support: Begin planning on your own, or if you choose, you can book a 1-on-1 meeting with an OPB Advisor. They can seamlessly continue from where you left off in the tool, using the information that you already entered to provide unbiased guidance, and support you in preparing for a secure and successful retirement.

Whether you prefer to plan independently or in partnership with an OPB Advisor, the Retirement Planner helps you make informed decisions with confidence.

How to get started

The Retirement Planner tool is available in your e-services account. If you don’t have an account set up yet, click here to register(opens in a new tab).

The time it takes you to set up your plan will vary depending on your personal financial situation and whether you’re planning for yourself or with a partner. The more information you provide, the more thorough your retirement projection will be. We recommend that you gather the financial information listed below for you and your spouse, if applicable, before you start a plan.

1. Account balances, including:
   • Bank accounts, such as chequing and savings
   • Investment accounts, such as non-registered accounts and Tax-free Savings Account (TFSA), including TFSA carry-forward room and year-to-date contributions.
   • Retirement accounts, such as a non-PSPP defined benefit pension, a defined contribution pension, Locked-in Retirement Account (LIRA) or Registered Retirement Savings Plan (RRSP). You will have the option to include your RRSP deduction limit/carry-forward room and year-to-date contributions.
   • Other accounts, such as Registered Education Saving Plan (RESP), First Home Savings Account (FHSA) or participated in the Home Buyers’ Plan (HBP)
2. Debts, including mortgage, credit cards, Home Equity Line of Credit (HELOC) and other payable loans.
3. Pension adjustment
   • There are two ways to find this information:
     • Review your Notice of Assessment for the prior year, which you can access by logging into the CRA My Account(opens in a new tab) or by reviewing the paper copy mailed to you. There will be an item called "Minus: Pension Adjustment"; or
     • Review your prior year’s T4 Slip issued by your PSPP employer (Box 52).
4. Pension contributions
   • Defined benefit pension contributions are typically amounts that are calculated and deducted from each pay period by your PSPP employer. These are contributions that you made (not contributions made by your employer).
   • You can find this figure on any pay stub and then multiply it by the total number of pay periods in a year to arrive at an annual amount.
5. Other information such as your annual PSPP pension contributions, your annual pension adjustment, insurance products and estate planning documents.

Start planning today for a more confident tomorrow!

Important notice

The Retirement Planner is for illustration purposes only. The values shown in the Retirement Planner are estimates designed to provide you with the opportunity to forecast your retirement income and should not be relied upon as legal, tax, investment, or other professional advice. The projected PSPP pension amount that appears in the Retirement Planner is an estimate only. Your actual pension amount will be determined at retirement, based on confirmed salary and contribution data reported by your Employer, your personal circumstances at that time, as well as the terms of the PSPP and any other applicable legislation in place at that time.

The Retirement Planner collects your personal information to help you build a personalized snapshot of your estimated retirement income. Learn more about how we protect your personal information:

• OPB's Privacy Policy (PDF) and Terms of Use
• Planworth’s Terms of Use (opens in a new tab)