Facing a $10.3-million pension deficit in 2016, the Youth Services Bureau of Ottawa had some tough decisions to make. It felt that closing its defined benefit plan, converting to a defined contribution arrangement or cutting benefits were all out of the question. But with the Ontario government having enacted regulations in 2015 to permit the […]
In the wake of the tragic shooting at a high school in Parkland, Fla., earlier this year that left 17 dead and sparked a renewed and vigorous debate about gun control, certain members of the investment world took swift action. BlackRock Inc., the world’s largest institutional investor with US$6.3 trillion under management as of the […]
Plan aims to prepare OPTrust for the transition to a carbon-neutral economy
The OPSEU Pension Trust is among investors helping Yaletown Partners move towards its goal of $200 million for its innovation growth fund. Having reached more than $100 million, the emerging growth investment fund focuses on operations that are beyond the startup phase and scaling up to expand to multiple countries. The fund intends to invest in […]
April has been a busy month for the world of defined benefit pension plans. In recent weeks, both the OPSEU Pension Trust and the Colleges of Applied Arts and Technology pension plan have announced plans to offer new defined benefit options to other employers. OPTrust is further along in its journey, since its new offering, called […]
As Ontarians prepare for the upcoming provincial election campaign, the province’s auditor general is raising the stakes in her dispute with the government about its accounting treatment of two of its biggest public pension plans. On Wednesday, auditor general Bonnie Lysyk released her report into the government’s budget projections ahead of the June election. In […]
'Select' will target employers that currently don’t have a DB plan.
The OPSEU Pension Trust is launching a new defined benefit plan for employers in the broader public sector, charitable and not-for-profit industries. OPTrust Select will target employers that currently don’t have a defined benefit plan but may provide a capital accumulation program. With employers and employees contributing three per cent each, the plan will provide for an annual […]
CIO James Davis on how his pension fund has changed.
Solid 9.5% return in 2017 lead by public, private equities performance