Get the big picture
For more information on OPTrust's strategy and results, see our full 2016 funded status report.
It’s time to change the conversation about how we measure success. Being adept at investing is important, but we are more than just investors. Delivering excellent service to plan members is vital, but we are more than just service providers. We are a pension management organization.
Our members rely on us for certainty, stability and sustainability and we meet those expectations by keeping the Plan fully funded. For a defined benefit pension plan, there can be no more important achievement.
OPTrust’s philosophy of being member driven supports everything we do. Our members are the foundation of our strategies and the reason our mission is to pay pensions today and preserve pensions for tomorrow.
Pensions need to take a long-term view. Too often, however, the industry is focused on the short term and on short-term measures, like annual investment returns, to gauge success. Returns are important, but as pension plans our investment approach must be inextricably linked to the goal of keeping the Plan fully funded. We must balance the need to generate returns with the need to manage risk effectively. And when we look back over a single year or a decade, the true measure of whether we have delivered on our promise is the funded status of the Plan.
Rooted in our overarching philosophy of being member driven, our service delivery strategy uses a member-direct approach to deliver valued-added services to members. Under this member-direct model, we continue to tailor our service offerings to meet our members’ needs and focus on offering them a variety of ways to communicate with us directly.
While the conversation has changed, the dialogue must continue. Delivering sustainability and stability for our members requires us to embrace change as an organization. This requires both innovation and resilience, as we need to face the future well prepared to adapt and thrive in any environment.
To that end, in 2017, we will develop a new, multi-year strategic plan, which will guide us as we continue to change the conversation in our industry, while remaining true to our core purpose: paying pensions today and preserving pensions for tomorrow.