OPTrust's pension payroll continued to grow in 2008. This increase is driven by the steady growth in our pensioner population and annual increases in retirees' pensions, which offset the impact of inflation.
In 2008, the Plan had an estimated unallocated deficit $311 million, which reduced the total surplus to $627 million at year-end. Another $2.4 billion in deferred losses will be recognized over 2009-2012. As a result, the Plan's next funding valuation is expected to identify a deficit.
* For more on OPTrust's investment and financial results, please see our full annual report.
OPTrust's pension payroll continued to grow in 2008. This increase is driven by the steady growth in our pensioner population and annual increases in retirees' pensions, which offset the impact of inflation.
In 2008, the Plan had an estimated unallocated deficit $311 million, which reduced the total surplus to $627 million at year-end. Another $2.4 billion in deferred losses will be recognized over 2009-2012. As a result, the Plan's next funding valuation is expected to identify a deficit.
* For more on OPTrust's investment and financial results, please see our full annual report.
OPTrust's pension payroll continued to grow in 2008. This increase is driven by the steady growth in our pensioner population and annual increases in retirees' pensions, which offset the impact of inflation.
In 2008, the Plan had an estimated unallocated deficit $311 million, which reduced the total surplus to $627 million at year-end. Another $2.4 billion in deferred losses will be recognized over 2009-2012. As a result, the Plan's next funding valuation is expected to identify a deficit.
* For more on OPTrust's investment and financial results, please see our full annual report.
