The Ontario Teachers’ Pension Plan earned a net return of 4.2 per cent for the first six months of this year.
The result came as the pension fund earned net investment income of $10.8 billion for the period. The Ontario Teachers’ had $255.8 billion in total net assets at June 30.
Read: Ontario Teachers’ returns 1.9% for 2023
The results for the first half of 2024 reflect an ability to generate positive returns in a range of market conditions, said Jo Taylor, president and chief executive officer of the investment organization. As of Jan. 1, 2024, the pension plan was fully funded with a $19.1 billion preliminary funding surplus.
The plan’s sponsors, the Ontario Teachers’ Federation and the Ontario government, said in July the funding valuation would be filed with regulators and elected to classify the surplus as a contingency reserve.