The pension plan for current and former OPSEU members in the Ontario Public Service, the LCBO, and other agencies is fully funded and has been so for eight years in a row. That’s the main takeaway from the 2016 Funded Status Report of OPTrust, released today.
“OPTrust is fully funded,” says OPTrust President and CEO Hugh O’Reilly. "That’s the only benchmark that matters to our members because that benchmark means that the pension plan will be there for them when they retire.”
The jointly-sponsored OPTrust continues to use plan surpluses to reduce long-term investment risks. The plan manages $19 billion in assets on behalf of 90,000 workers and retirees.
Read today’s OPTrust news release here. Read the 2016 Funded Status Report here.