31 03, 2015

Ontario Teachers’ Pension Plan earns 11.8% return for 2014

2015-03-31T21:52:22-07:00March 31st, 2015|Categories: Pension Funding|Tags: , |

Ontario Teachers’ Pension Plan (Teachers’) today announced a rate of return on investments of 11.8% for the year ended December 31, 2014, resulting in an increase in net assets to a record $154.5 billion from $140.8 billion at the end of 2013. Investment earnings for the year were $16.3 billion, up from $13.7 billion in 2013. Measured against a consolidated investment benchmark of 10.1%, the plan’s excess return of 1.7 percentage points resulted in $2.4 billion in value added. Since the plan’s inception in 1990, total investment income has [...]

11 04, 2014

Ontario Teachers Gains 11% in 2013

2014-04-11T17:56:07-07:00April 11th, 2014|Categories: Pension Funding|Tags: , , |

Janet McFarland of the Globe and Mail reports, Teachers rides hot markets to first pension surplus in a decade: The Ontario Teachers’ Pension Plan has moved into a surplus position for the first time in a decade, underscoring the dramatic improvement in the funding of Canadian pension funds over the past year. The pension plan, which manages pension assets for 307,000 active and retired teachers in Ontario, said higher long-term interest rates and investment returns of 10.9 per cent last [...]

2 04, 2014

More pension plans move into surplus as market returns improve

2014-04-02T20:54:45-07:00April 2nd, 2014|Categories: Defined Benefit Plans|Tags: , , |

The huge Ontario Teachers’ Pension Plan (OTPP) is the latest defined benefit pension plan in Canada to report a much-improved financial position, thanks to healthy stock markets and higher long-term interest rates. The OTPP today reported a surplus of $5.1 billion – its first surplus in 10 years – with the plan 103 percent funded. “A preliminary surplus is good news, however our plan continues to face demographic challenges as well as market uncertainty,” said OTPP chief executive Ron [...]

10 02, 2014

Private, public funds alike must evolve or face extinction

2014-02-10T22:11:56-08:00February 10th, 2014|Categories: Pension Reform|Tags: , , |

Enormous, unfunded public pension liabilities are a ticking financial time bomb for Canadian governments and taxpayers. But even where the pensions of public- and private-sector workers are backed up by invested assets, how solid is that funding base compared with retiree obligations? A video co-produced last year by Cormana Group and the Ontario Teachers’ Pension Plan, Pension Plan Evolution, delves into this question. The $117-billion Teachers plan is considered one of Canada’s best-run, with an average annual return of 10 [...]

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