News

2023 Funded Status Report: People. Purpose. Pensions.

March 12, 2024

OPTrust fully funded for 15th consecutive year

OPTrust today released its 2023 Funded Status Report, People. Purpose. Pensions., which details the Plan's financial results and funded status.

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Plan changes improve survivor benefits for dependent children

December 5, 2023

OPTrust bolsters climate change strategy with new targets and climate data program

Today OPTrust released a one-year update to its enhanced climate change strategy, as well as detailed reporting in its 2022-23 Task Force on Climate-related Financial Disclosures.

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Plan changes improve survivor benefits for dependent children

April 1, 2023

Plan changes improve survivor benefits for dependent children

Effective April 1, 2023, the following changes have been made that will impact the survivor benefits payable from the OPSEU Pension Plan.

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A Clear Vision: 2022 Funded Status Report

March 14, 2023

OPTrust fully funded for 14th consecutive year

OPTrust today released its 2022 Funded Status Report, A Clear Vision, which details the Plan's financial results and fully funded status.

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OPTrust Board announces new Chair and Vice-Chair

November 1, 2022

OPTrust Board announces new Chair and Vice-Chair

As part of OPTrust's joint governance structure, the positions of Chair and Vice-Chair alternate between Government and OPSEU appointees every two years.

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OPTrust Climate Change Strategy

October 25, 2022

OPTrust releases enhanced climate change strategy

Today OPTrust released its enhanced climate change strategy. The strategy outlines how OPTrust will manage risks and opportunities from a transitioning economy and declares OPTrust’s ambition to align its portfolio with the global path towards net-zero emissions by 2050.

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A Collective Commitment: 2021 Responsible Investing Report

June 14, 2022

OPTrust releases 2021 Responsible Investing Report, A Collective Commitment

Today OPTrust released its annual Responsible Investing Report. The report, entitled A Collective Commitment, details OPTrust's 2021 responsible investing (RI) activities, including strengthening its environmental, social and governance (ESG) capabilities, advocating for improved sustainability and transparency in financial markets, and investing in climate solutions.

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2021 Funded Status Report – Moving Forward

March 9, 2022

OPTrust fully funded for 13th consecutive year

OPTrust today released its 2021 Funded Status Report, Moving Forward, which details the Plan’s financial results and fully funded status.

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Plan changes to accommodate temporary part-time work arrangements

February 2, 2022

Plan changes to accommodate temporary part-time work arrangements

Effective February 1, 2022, changes were made to the OPSEU Pension Plan so members earn full pension service if they temporarily reduce their working hours.

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Looking up to tree canopy with text - 100,000 members and growing

November 24, 2021

OPTrust Surpasses 100,000-Member Milestone

OPTrust, one of Canada’s largest defined benefit pension plans, has welcomed the 100,000th member to the Plan. Since inception, OPTrust’s membership has increased by more than 40 per cent from just under 70,000 in 1995.

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What's Important - Safeguard your retirement: Get the facts before you act

November 16, 2021

Canadian Defined Benefit (Db) Pension Plans Collaborate On Retirement Security Video To Mark Financial Literacy Month

Defined benefit pension plans from across Canada today released an informational video entitled What's Important produced in collaboration to mark Financial Literacy Month and raise awareness about the value of retirement income security.

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Ontario map with text - OPTrust Select continues growth, 50 employers enroled

October 27, 2021

OPTrust Select continues growth, 50 employers enroled

Since enrolment began in 2019, 50 organizations from communities across Ontario have joined OPTrust Select – a defined benefit pension offering designed to enhance retirement security for employees who work at charitable, nonprofit and broader public sector organizations in Ontario.

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2020 Responsible Investing report cover

May 11, 2021

OPTrust maintains long-term focus, releases 2020 Responsible Investing Report

OPTrust maintains long-term focus, releases 2020 Responsible Investing Report

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2020 Funded Status Report cover

March 9, 2021

OPTrust remains Fully Funded for 12th Consecutive Year

OPTrust today released its 2020 Funded Status Report, Taking Care, which details the Plan’s financial results and fully funded status. In 2020, OPTrust achieved an investment return of 8.9 per cent and lowered its discount rate.

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Vaccination rollout Canada

February 18, 2021

OPTrust Offers Space to Support Vaccination Rollout

In an effort to support the vaccination rollout and do its part in the battle against the COVID-19 pandemic, OPTrust has joined a group of property owners in offering Canadian governments and health networks free access to commercial real estate to use as vaccination sites.

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Cascade Power Project is a 900 megawatt (MW) combined cycle power generation facility being constructed in Yellowhead County, approximately 12 kilometres southwest of Edson, Alberta.

January 6, 2021

Cascade Power Project wins Canadian Power Deal of the Year award

The Cascade Power Project, which OPTrust played a leading role in developing and financing, has won Project Finance International's Canadian Power Deal of the Year award for 2020. The $1.5-billion Cascade Power Project is a 900-megawatt combined-cycle natural gas-fired power generation facility under construction near Edson, Alberta that will play a role in transitioning the province away from coal-fired power.

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Only members who are eligible to take their CV out of the Plan and decide to do so will be affected.

November 5, 2020

Changes to commuted value calculations take effect December 1, 2020

Earlier this year, the Canadian Institute of Actuaries announced that it would be changing the standards for calculating commuted values (CVs). The changes will impact the interest rate and retirement age assumptions that OPTrust uses to calculate CVs for members when they end their plan membership.

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Sharon Pel, Chair and Lindsey Burzese, Vice-Chair of OPTrust’s Board of Trustees

November 3, 2020

OPTrust Board announces new Chair and Vice-Chair

As part of OPTrust's governance structure one Government appointee and one OPSEU appointee fill the positions of Chair and Vice-Chair, with the roles alternating between Government and OPSEU appointees every two years. Sharon Pel was named Chair of OPTrust’s Board of Trustees, effective November 3, 2020, replacing former Chair Michael Grimaldi who remains on the Board. Also effective November 3, 2020, Lindsey Burzese was named Vice-Chair of the Board of Trustees.

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Canadian Investor Statement on Diversity & Inclusion

October 1, 2020

Canadian Investors Representing $2.3 Trillion Pledge to Promote Diversity & Inclusion in their Portfolios and Institutions

The signatories will take steps to integrate diversity & inclusion (D&I) into their investment processes, for example by monitoring the D&I practices of Canadian public companies and conveying their expectations of improved D&I disclosures.

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ILN connected city illustration

June 25, 2020

Investor Leadership Network takes a further step towards greater diversity in the investment industry

The 14 member CEOs emphasized the need for investors to work collectively to promote progress on these and other issues, and they reiterated their commitment to contribute to a fairer and more equitable economy.

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OPTrust Select employer map

June 16, 2020

Over 1,000 new members enrolled in OPTrust Select

OPTrust Select has welcomed 38 organizations and over 1,000 members have joined the defined benefit pension offering from OPTrust since enrollment began in early 2019.

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OPTrust 2019 Responsible Investing Report

May 12, 2020

OPTrust releases 2019 Responsible Investing Report

The report details the Plan’s RI results and philosophy, as well as the introduction of the new Sustainable Investing and Innovation (SII) team that will build on OPTrust’s record of responsible investing.

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2019 Funded Status Report cover

March 9, 2020

OPTrust lowers discount rate, remains fully funded for 11th consecutive year

Over the past 10 years, OPTrust has achieved an average annual investment return of 8.2 per cent for the total fund, including a return of 11.2 per cent in 2019. The Plan once again lowered its discount rate in order to protect against future market volatility.

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65 King East

February 6, 2020

OPTrust and partners announce long-term lease for Google's new Toronto headquarters

A group of co-investors, including OPTrust, one of Canada’s largest defined benefit pension plans, has announced a major, long-term, downtown Toronto office leasing transaction at 65 King East, which will see Google occupy 400,000 square feet of office space across 18 floors in Toronto’s newest, next-generation office development.

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 351 King Street East, officially known as The Globe and Mail Centre

October 11, 2019

351 King Street East awarded LEED® Gold

First Gulf and OPTrust are proud to announce that 351 King Street East, officially known as The Globe and Mail Centre, has been distinguished as LEED® Gold by the Canada Green Building Council. The award recognizes First Gulf and OPTrust’s commitment to sustainability and the environment both in the construction and the ongoing management of the base building.

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Globalvia receives GRESB 2019 Global Sustainable Index

October 7, 2019

Globalvia ranked top infrastructure company in the world by GRESB 2019 Sustainability Index

Spanish transport infrastructure manager Globalvia has received the top ranking in Global Real Estate Sustainability Benchmark’s (GRESB) 2019 Global Sustainable Index.

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Richard Nesbitt appointed to the OPTrust Board

October 2, 2019

Richard Nesbitt appointed to the OPTrust Board

Richard Nesbitt was appointed to the OPTrust Board of Trustees in September 2019 by the Government of Ontario. Mr. Nesbitt is an Adjunct Professor at the Rotman School of Management, University of Toronto and a Visiting Professor at the London School of Economics, United Kingdom.

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Investor Leadership Network TFCD Report cover

September 26, 2019

Investor Leadership Network Advocates for Stronger Climate Change Disclosure

The Investor Leadership Network (ILN) announced today the release of a new report showing how global investors can strengthen their climate change reporting. The report shares the lessons learned by ILN members while implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

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OPTrust Select website on various mobile devices

September 24, 2019

OPTrust Select Website Honoured with Gold dotComm Award For Creativity And Design

OPTrust, one of Canada’s largest defined benefit pension plans, has been awarded a Gold dotCOMM Award by the Association of Marketing and Communications Professionals (AMCP). The award celebrates excellence in web creativity and design for the OPTrust Select website.

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Investor Leadership Network CEOsy

September 11, 2019

Investor Leadership Network CEOs commit to increase diversity in senior management and investment roles

As institutional investors managing over $6 trillion in assets around the world, ILN CEOs have committed to work together to accelerate progress on gender diversity issues in the spheres where ILN investors can exert a collective influence.

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Peter Lindley

August 22, 2019

OPTrust appoints Peter Lindley as CEO

OPTrust, one of Canada’s largest defined benefit pension plans, today announced the appointment of Peter Lindley as the President and CEO of the organization, effective September 16, 2019.

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Online services portal logo

June 11, 2019

OPTrust launches new online services portal

New platform utilizes JEA's penweb technology to modernize user experience

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2018 OPTrust Responsible Investing Report

May 14, 2019

OPTrust releases 2018 Responsible Investing Report

OPTrust today released its 2018 Responsible Investing Report, which details the Plan’s RI results and philosophy directing the integration of environmental, social and governance (ESG) factors into its investment strategy.

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OPTrust Select

April 25, 2019

Nonprofits enroll in OPTrust Select

OPTrust announced today that it has enrolled the first nonprofit organizations to OPTrust Select, the new defined benefit pension offering.

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2018 OPTrust Funded Status Report cover

March 29, 2019

OPTrust lowers discount rate, remains Fully Funded for tenth consecutive year

In addition to remaining fully funded, the Plan lowered its discount rate, already the second-lowest of Ontario’s public sector plans. The organization also received high service scores, with members and retirees rating their service satisfaction as 9.1 out of 10, a top-six placement in a global benchmarking survey.

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OPTrust official logo

March 18, 2019

OPTrust announces change in leadership

OPTrust’s Board of Trustees today announced that Hugh O’Reilly has resigned as President and CEO of OPTrust effective immediately to pursue other interests.

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Algorithms and data stream

March 12, 2019

OPTrust wins Investment Innovation Award

OPTrust was recognized by the organizers as “holding the standard for modern institutional investors.” Examples cited include internally developed algorithms that inform shifting risk in the total fund portfolio, as well as the use of artificial intelligence as a tool to enhance asset allocation strategy.

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Investment in renewable power and green real estate

March 7, 2019

OPTrust Expands Green Bond Investments in Ontario

OPTrust, one of Canada’s largest defined benefit pension plans, has built on its existing Green Bond holdings with a $100 million investment in Ontario government Green Bonds.

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OPTrust Climate-Savvy Project Report

February 26, 2019

OPTrust Climate-Savvy Project Delivers New Insights for Pension Fund

OPTrust today released the results of its climate-savvy asset liability management/strategic asset allocation (ALM/SAA) project in partnership with Ortec Finance.

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Deborah Leckman and Bob Plamondon named to OPTrust Board

February 8, 2019

Ontario Government names Deborah Leckman and Bob Plamondon to OPTrust Board

The Government of Ontario named Deborah Leckman and Bob Plamondon to the Board of Trustees in January 2019.

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Toronto Skyline

December 11, 2018

OPTrust joins 107 investors in call for just transition on climate action

This statement is endorsed by 108 investors representing US $5 trillion in assets.

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Tim Hannah and Sharon C. Pel - New OPTrust Chair and Vice-Chair

November 2, 2018

OPTrust Board announces new Chair and Vice-Chair

As part of OPTrust's governance structure one Government appointee and one OPSEU appointee fill the positions of Chair and Vice-Chair, with the roles alternating between Government and OPSEU appointees every two years.

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OPTrust Invests In Leading Environmental Commodity Trader

October 30, 2018

OPTrust Invests In Leading Environmental Commodity Trader

OPTrust, one of Canada’s largest defined benefit pension plans, has invested alongside UK-based private equity firm Three Hills Capital Partners collectively over €60.0 million into ACT Commodities.

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New York Climate Week

September 25, 2018

OPTrust CEO calls for action in address during New York Climate Week

Hugh O’Reilly, President and CEO of OPTrust, one of Canada’s largest defined benefit pension plans, delivered a call for action to investors in a keynote address during a Climate Week NYC seminar today.

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OPTrust Select recommended by Ontario Nonprofit Network (ONN)

September 24, 2018

OPTrust Select recommended by Ontario Nonprofit Network (ONN)

OPTrust Select, the new defined benefit solution from OPTrust, has today been recommended by the Ontario Nonprofit Network (ONN) as the pension plan of choice for organizations in the nonprofit sector.

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Financial institutions logos

September 6, 2018

Financial institutions launch cutting-edge research project to integrate climate change into strategic investment decisions

The financial institutions AP1, a.s.r., OPTrust, Pensioenfonds van de Metalektro (PME) and Philips Pensioenfonds, supported by Ortec Finance - the provider of investment decision technology and solutions - announce the launch of their climate-savvy Asset Liability Management/Strategic Asset Allocation (ALM/SAA) pilot project.

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Climate Change Action Plan

June 28, 2018

OPTrust takes action on climate change

Climate change is having profound impacts, and markets need to respond. It is vital for pension plans to measure the impact and manage risk, according to the Climate Change Action Plan issued today by OPTrust.

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Yaletown

June 6, 2018

Yaletown Partners Announces Initial Closing of Innovation Growth Fund
Targets $200 million Total Fund Size

Yaletown Partners, Canada’s leading emerging growth investment firm is pleased to announce that it has closed well over $100 million of its latest fund, the Innovation Growth Fund (“IGF”) targeting $200 million as total fund size and focused on emerging growth companies.

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logo of OPTrust Select

April 20, 2018

OPTrust Launches New Plan Expansion Offering – OPTrust Select

OPTrust Select marks the first new jointly sponsored, defined benefit (DB) product offering for modest income earners in a generation

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Globalvia investment

April 6, 2018

Globalvia investment capability climbs to EUR 1.0 billion

Globalvia, a worldwide infrastructure concession management leader based in Madrid, today announced an investment of EUR 1.0 billion by current shareholders OPTrust, PGGM and USS. The investment will be deployed by Globalvia into worldwide infrastructure projects.

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for Office Development of the Year – The Globe and Mail Centre

March 26, 2018

Globe and Mail Centre Partners Receive the REX Award for Office Development of the Year

First Gulf and OPTrust, one of Canada’s largest defined benefit pension plans, have been awarded the prestigious, NAIOP Greater Toronto Rex Award for Office Development of the Year – The Globe and Mail Centre, at the 17th Annual Real Estate Excellence Awards.

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BNN interviews OPTrust CEO on 2017 investment returns

March 12, 2018

Hugh O'Reilly, President and CEO of OPTrust, joins BNN's Catherine Murray

Hugh O'Reilly, President and CEO of OPTrust, joins BNN's Catherine Murray for a look at what drove 9.5 per cent returns in 2017

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2017 Funded Status Report

March 12, 2018

OPTrust Takes Measures That Reduce Risks For Members

Pension plan lowers discount rate, adopts assumptions for increased life expectancies

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Mount Elbert, GIC and OPTrust Form EdgeCore Internet Real Estate

February 14, 2018

Mount Elbert, GIC and OPTrust Form EdgeCore Internet Real Estate

Mount Elbert Capital Partners, GIC and OPTrust today announced the formation of EdgeCore Internet Real Estate, an investment vehicle with fully integrated operational capabilities formed to develop, acquire, and operate data centers across North America.

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OPSEU names Lindsey Burzese and Jason Glover to the OPTrust Board of Trustees

January 31, 2018

OPSEU names Lindsey Burzese and Jason Glover to the OPTrust Board of Trustees

The Ontario Public Service Employees Union (OPSEU) named Lindsey Burzese and Jason Glover to the Board of Trustees in January 2018.

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OPTrust President and CEO Hugh O’Reilly says managing risk through diversification is key for the pension plan

January 14, 2018

Assessing risk in US markets: It's 'complicated'

OPTrust President and CEO Hugh O’Reilly says managing risk through diversification is key for the pension plan. CNBC interviews OPTrust CEO Hugh O'Reilly (video).

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News archives

2017 News
OPTrust President and CEO Hugh O’Reilly

December 13, 2017

OPTrust President and CEO Hugh O’Reilly wins CORPaTH Crystal Globe Award

OPTrust President and CEO Hugh O’Reilly has won a CORPaTH Crystal Globe award, in acknowledgement of OPTrust’s ongoing efforts to promote defined benefit pension plans globally.

Canada’s top pension funds share best practices for building world-class pension organizations

November 22, 2017

World Bank report shines spotlight on Canadian pension model

Canadian public pension funds and pension plans are regarded as among the best in the world, but they underwent an evolution of changes to get to where they are today. Because of their success, the World Bank Group partnered with four Canadian pension funds, Alberta Investment Management Corporation (AIMCo), Caisse de dépôt et placement du Québec (CDPQ), Healthcare of Ontario Pension Plan (HOOPP), and OPTrust, as well as the Government of Ontario on a report that studies the evolution of these plans.

OPTrust is divesting from the tobacco industry.

November 6, 2017

OPTrust to divest from public market tobacco firms

OPTrust will be divested from all equity and fixed income investments in public companies that derive a majority of their revenue from production or manufacture of tobacco products.

People for Pensions

November 6, 2017

OPTrust wins gold MarCom award

OPTrust today announced it has won a gold MarCom Award for its defined benefit (DB) advocacy program, People for Pensions.

Canada flag

October 31, 2017

Canada's pension leaders to share lessons on retirement issues at leading American policy think tank

The Brookings Institution in Washington, D.C., has invited Toronto-based retirement security firm Common Wealth and Canada’s top public sector pension plans, Healthcare of Ontario Pension Plan (HOOPP) and OPTrust, as well as the President of the Canadian Labour Congress, to discuss retirement innovation and reform that could be applied to the U.S. system.

September 11, 2017

OPTrust's in-house trading floor makes 1000th trade

OPTrust's in-house trading floor has accomplished its 1000th trade. OPTrust launched its in-house trading floor in June 2017. Over time, it will internalize public market asset management of approximately 40 to 50 per cent of the plan's assets.

30% Club Canada in TSX

September 7, 2017

Canadian Institutional Investors call for 30% women on boards and executive teams by 2022

Canada's largest institutional investors are calling for 30% representation of women on the boards and executive management teams of S&P/TSX composite index companies by 2022.

Ontario Government Names Don Wilkinson to OPTrust Board

July 14, 2017

Ontario Government Names Don Wilkinson to OPTrust Board

Don Wilkinson was appointed to the Board of Trustees in June 2017 by the Government of Ontario.

Mr. Wilkinson brings over 30 years of public accounting experience providing assurance and advisory services to Canada’s largest pension funds, institutional investors, telecommunications, and real estate companies.

July 7, 2017

OPTrust makes strategic investment in James Evans & Associates Ltd.

OPTrust today announced a strategic investment in James Evans & Associates (JEA) Ltd., a leading provider of pension administration services in Canada and the U.S., and one of the pension plan's long-standing service providers.

June 13, 2017

OPTrust President and CEO Hugh O’Reilly joins the Canadian Coalition for Good Governance Board of Directors

OPTrust President and CEO Hugh O’Reilly has been elected to the Board of Directors of the Canadian Coalition for Good Governance (CCGG).

The CCGG promotes good governance practices within Canadian public companies and works to ensure that the regulatory environment aligns in the best interests of long-term shareholders. They play a critical advocacy role in Canada and around the world by commenting on proposed regulatory changes.

June 7, 2017

OPTrust internalizes public market assets

Today marks a major step towards OPTrust’s plan to internalize public market asset management of approximately 40 to 50 per cent of the fund’s $19 billion in assets over time with the launch of its in-house trading floor and its first internal trade.

May 5, 2017

Update: Changes to Post-Retirement Insured Benefits

In November 2016, the Government of Ontario announced changes to its post-retirement insured benefits (PRB ) provided to eligible retirees of the OPSEU Pension Plan. The changes that came into effect on January 1, 2017 include the introduction of a 50/50 cost sharing model for the existing PRB plan (the Legacy Plan) and a new alternative PRB plan (the Retiree-Focused Plan), valued at half the cost of the Legacy Plan. These changes will impact eligible members who retire and start their pension on or after January 1, 2017, but will not affect eligible retirees who started receiving their pension before that date.

Climate Change report

May 3, 2017

Climate Change: Delivering on Disclosure Shortlisted for Innovation & Industry Leadership Award

Responsible Investor shortlisted OPTrust’s position paper Climate Change: Delivering on Disclosure for its new global RI Innovation & Industry Leadership Award.

People for Pensions

April 10, 2017

OPTrust launches "People for Pensions" program

OPTrust launched the People for Pensions program last week to raise awareness about the overall value of defined benefit (DB) pension plans. Research has shown OPTrust members and retirees place a high value on their pensions and would like to know more about all the benefits of their pension plan.

Strategic Business Advisor Sharon Pel joins OPTrust Board

March 16, 2017

Strategic Business Advisor Sharon Pel joins OPTrust Board

Sharon Pel was appointed to the Board of Trustees in February 2017 by the Government of Ontario.

Ms. Pel has more than 30 years’ experience as a strategic business advisor, both as an executive and as outside counsel. She has extensive expertise in governance, securities regulatory and policy matters, and corporate, commercial and securities law.

OPTrust fully funded defined benefit pension plan

March 13, 2017

OPTrust further improves its fully funded status

The $19 billion pension management organization increases its market-based surplus and improves its ability to meet its pension promise to members.

OPTrust released its 2016 Funded Status Report, which details the Plan’s eighth consecutive, fully funded position and financial results.

 

2016 News
2005 News