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The Ontario Teachers’ Pension Plan (Ontario Teachers’) finds itself fully funded for the fifth consecutive year, coming in at 105 per cent funded as of the beginning of the year.
It had a total net fund return of 9.7 per cent for 2017, bringing net assets to $189.5 billion and marking approximately a tenfold increase since 1990, the plan reports.
“That we were able to achieve this funding surplus while using a prudent discount rate of 4.8%, one of the lowest in the pension industry, testifies to the financial health and sustainability of the Plan,” Ron Mock, President and Chief Executive Officer, is quoted saying.
“Being in a surplus position in the Plan is the true measure of success.”
More: CIO resigns with plans to move back to Denmark with family.

ARIA provides a forum for an informed discussion on retirement income adequacy, and other related issues, including pension and retirement coverage, and defined benefit pension plans – ARIA pensions blog, 12 Dunlop Street, Barrie, ON, L4N 1V6 – sitemanager@ariapension

 

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