With invested assets of $13.3 billion, the OPSEU Pension Trust (OPTrust) manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with more than 83,000 members and retirees.

Our mandate

OPTrust was launched in 1995 to provide service and security to the members and retirees of the OPSEU Pension Plan. Our mandate focuses on three key objectives:

• Generating the long-term rate of return on investments needed to support the pension promise
• Delivering the finest service and communications to our members and pensioners
• Ensuring that our membership has a real voice in the Plan through joint trusteeship

In 2010, OPTrust:

• Achieved an investment return of 13.9%, significantly outperforming our 10.9% benchmark and exceeding the Plan’s 6.75% funding target return for the second year in a row
• Continued a multi-year shift in the Plan’s long-term asset mix, strengthening our ability to achieve our target return over time, while reducing short-term volatility
• Implemented the first of three annual 1% increases in members’ and employers’ contribution rates, as part of a proactive strategy to address the Plan’s funding deficit
• Strengthened the Plan’s actuarial assumptions to reflect economic and demographic trends and ensure the Plan is properly funded to meet pension obligations
• Received high marks from our members and retirees for the quality of the service and communications we provide