2025 Funded Status Report
Service & Security – Since 1995
Highlights for members
- 2025 Highlights
- Message from our CEO
- Serving members
- Pension funding
- Investment strategy and performance
- Responsible investing
2025 Highlights
Fully funded for 17 consecutive years
in net assets
one-year net investment return, 7.8% since inception
A message from our CEO
Peter Lindley President and CEO
Thirty years ago, OPTrust was founded with a clear purpose: to provide secure, reliable pensions for our members. Today, that purpose remains unchanged, though the world around us has evolved dramatically.
Navigating a complex landscape
The past year has been shaped by economic uncertainty and geopolitical tensions that continue to influence markets and the Canadian economy. In this environment, resilience matters. OPTrust is fully funded for the 17th consecutive year, consistent with our long-term objectives.
Putting members first
Our members count on us for more than investment performance – they trust us for guidance and support through every stage of their careers and into retirement. We are advancing the modernization of our pension administration system to continue supporting our members now and into the future. This modernization project, called PATH, will transform how we serve them.
Building for the future
We are in the fourth year of our five-year strategic plan, seeing strong progress in enhancing Plan sustainability, investing in our people and strengthening our capabilities. In an ever-changing world, being strategic means embracing innovation in a thoughtful way. We are piloting AI tools to enhance efficiency and collaboration, with careful attention to governance and security. Combined with modernization efforts like PATH, these initiatives are creating a stronger, more agile organization that is ready to meet the needs of tomorrow.
“I am proud of what OPTrust has accomplished and energized by what lies ahead. Our focus remains clear: delivering pensions today and preserving pensions for tomorrow. That commitment has guided us for 30 years, and it will continue to guide us for decades to come.”
Peter Lindley
President and CEO
Serving members
members in the OPSEU Pension Plan
life events supported in 2025 – we support our members through life changes
member service rating
in entitlements paid
Gagan Madanpotra
Heidi Steffen-Petrie
Julio Miguel de las Casas
Audrey Forbes
Pension funding
OPTrust is fully funded for the 17th consecutive year.
That means the Plan has sufficient assets to meet the projected cost of all current and future pensions promised to members. In other words, contribution levels remain stable and pensions are secure.
A strong funded status is the most important measure of security for members and retirees, and it reflects OPTrust’s commitment to our mission: paying pensions today and preserving pensions for tomorrow.
Investment strategy and performance
Our Member-Driven Investing philosophy
We invest Plan assets to help deliver pension security for our members. Our Member-Driven Investing (MDI) strategy is our unique application of a Total Portfolio Approach (TPA), in which we strive to deliver the total fund returns needed to keep the Plan sustainable without taking excessive risk.
We aim to construct our portfolio to be resilient to different economic and market environments to the extent possible, helping us deliver attractive risk-adjusted returns over the long term.
The Total Portfolio return is net of management fees, transaction costs and investment administration expenses.
1 Return stream begins on Dec. 31, 1994.
Investing at home and internationally
We have access to a broad set of investment opportunities. Approximately 15.8 per cent of our investments are in Ontario, while about 36.2 per cent are in Canada. Our international footprint covers the U.S., Europe, Asia Pacific and Latin America. This global approach offers diversification and return-enhancement benefits to the Total Portfolio and is an important part of our investment program.
Based on country of risk, location of primary income or location of property. Gold, commodity and funding portfolios are excluded from exposures.
* Includes Ontario.
Responsible investing
OPTrust’s responsible investing (RI) program plays a key role in ensuring sustainable pension security for our members. We recognize that environmental, social and governance (ESG) factors can materially affect investment risk, return and our reputation. All our investment professionals are responsible for including ESG risks and opportunities in their decision making.
2025 Highlights
Achieved our climate change strategy’s 2025 targets and continued to progress numerous workstreams to build a more climate-resilient portfolio
Completed our fourth year of COMPAS, and leveraged insights to strengthen our asset stewardship practices
Voted at 700 company meetings in 30 countries
Engaged 104 companies across 28 countries on key ESG issues
Joined Climate Engagement Canada and the Labour Rights Investor Network
See the big picture
For more information on all our results, read our 2025 Funded Status Report.
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