Per usual I haven't read what other people have posted before posting this. All these posts and no diagrams!
Osmotic pressure is kind of a misnomer. A look at this diagram gives you a physical interpretation of what osmotic pressure means.
Let's do a thought experiment. First imagine that both are pure solutions with no solutes and the membrane isn't permeable meaning water can't travel between it. The water height on the left is still higher in this hypothetical situation. The additional pressure on the left side on the
impermeable membrane as compared to the right side would then be given by pressure=density*gravity*height. This is equivalent in magnitude to the osmotic pressure. Now we have one way of thinking about what this pressure is.
Now let's return to the actual situation where the membrane is permeable and there is solute on the left side. Because there is solute on the left side it's going to attract more water and thus the water level will be higher on the left side. The solute side can be thought of as having a "sucking force" that pulls water into the solute side. This sucking force is called osmotic pressure and is equal to pressure=density*gravity*height. Alternatively, you could imagine, that if you had two pure solutions with a semi-permeable membrane the side has the lower water level has an additional amount of pressure(let's say by a pump that is pushing air into the tube) that is equal to pressure=density*gravity*height. 'Height' in this equation refers to the difference in height of the water level of the left and right hand side. This could also be thought of as "osmotic pressure" and is more intuitive for some people because pressure is always thought of as being positive. Indeed, the people who coined the term osmotic pressure thought of it this way instead of as a sucking force because it allows them to say the pressure is positive. To physicists pressure is always positive since it is considered a "pushing force" and if you ever use the term 'negative pressure' around a physicist they will not appreciate it.

Instead they will tell you that you describe situations like that using another system of units, mmHg, because negative pressure has no physical interpretation. You can look up how they define mmHg online but it's not really worth your time to do so.
Now, you might be asking yourself if the equation for osmotic pressure is pi = iMRT then what the hell am I talking about saying it is equal to density*gravity*height? Well, the first equation, pi = iMRT, is an equation you could use to predict the difference of water height. My definition, pressure=density*gravity*height, is how you could figure out what the osmotic pressure is from doing the experiment in the diagram and making a measurement of the height. So one equation has predictive powers and is stated in terms of the number of molecules of solute particles and the other has relevance for observational measurements. The two in fact measure the same thing so iMRT=density*pressure*height.
Up to this point all I'm trying to do is clear up what osmotic pressure is by building up your physical intuition. Hopefully I've been clear. If I haven't been please let me know and I'll be glad to try to simplify it further.
In regards to your question, I found this online of how Euglena contractile vacuoles work.
Toward the posterior of the cell is a star-like structure: the contractile vacuole. This organelle helps the cell remove excess water, and without it the euglena could take in some much water due to osmosis that the cell would explode.
So it's contraction rate would decrease because less water wants to flow in because the water outside is saltier and thus retains a good grip of the water that solvates the salt. That's why it's rate of contraction decreases--because it has to pump out less water. I guess if you considered the environment to be the vacuole of the cell then the osmotic pressure decreases. I think this is kind of a stupid question and I wouldn't waste my time wondering whether Kaplan's answer is correct or not. The important thing is that you understand osmotic pressure.