CHANGE IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31 |
|
|
Investment income |
$ 4.68 |
$ 12.31 |
$ 14.09 |
$ 10.80 |
$ 11.42 |
$ (1.41) |
$ (1.74) |
$ 6.21 |
$ 10.12 |
$ 5.14 |
$ 7.25 |
|
Members/transfers |
1.06 |
0.83 |
0.79 |
0.75 |
0.71 |
0.68 |
0.64 |
0.62 |
0.63 |
0.61 |
0.59 |
Province of Ontario |
1.08 |
0.82 |
0.78 |
0.75 |
0.72 |
0.70 |
0.68 |
0.66 |
0.66 |
0.65 |
0.65 |
Province of
Ontario –
special payments |
– |
– |
– |
– |
– |
– |
– |
– |
0.13 |
0.49 |
0.46 |
Total income |
6.82 |
13.96 |
15.66 |
12.30 |
12.85 |
(0.03) |
(0.42) |
7.49 |
11.54 |
6.89 |
8.95 |
|
Benefits paid |
4.02 |
3.82 |
3.62 |
3.43 |
3.20 |
3.08 |
3.08 |
2.54 |
2.28 |
2.10 |
1.80 |
Investment
expenses |
0.23 |
0.22 |
0.21 |
0.19 |
0.16 |
0.10 |
0.12 |
0.10 |
0.09 |
0.07 |
0.06 |
Client service
expenses |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
|
Total
expenditures
|
4.29 |
4.07 |
3.86 |
3.65 |
3.39 |
3.21 |
3.24 |
2.67 |
2.40 |
2.20 |
1.89 |
|
Increase
(decrease)
in net assets
|
$ 2.53 |
$ 9.89 |
$ 11.80 |
$ 8.65 |
$ 9.46 |
$ (3.24) |
$ (3.66) |
$ 4.82 |
$ 9.14 |
$ 4.69 |
$ 7.06 |
NET ASSETS AS AT DECEMBER 31
|
|
|
Fixed income |
$ 18.68 |
$ 21.44 |
$ 19.33 |
$ 13.91 |
$ 19.38 |
$ 13.96 |
$ 7.09 |
$ 13.32 |
$ 17.30 |
$11.48 |
$10.28 |
Equities
Canadian |
13.73 |
16.39 |
19.26 |
16.80 |
15.19 |
13.43 |
17.06 |
17.74 |
19.89 |
17.61 |
19.43 |
Non-Canadian |
36.31 |
32.42 |
25.78 |
23.09 |
19.13 |
18.19 |
24.28 |
23.14 |
21.76 |
24.02 |
19.96 |
Inflation-sensitive investments |
Commodities
|
3.02 |
2.32 |
2.65 |
2.13 |
1.89 |
1.48 |
1.09 |
2.10 |
1.09 |
0.40 |
0.13 |
Real estate |
16.36 |
14.53 |
12.45 |
10.90 |
9.87 |
11.49 |
11.59 |
6.20 |
2.82 |
1.58 |
1.56 |
Infrastructure &
timberlands |
8.84 |
6.78 |
4.77 |
2.99 |
1.90 |
0.97 |
0.03 |
– |
– |
– |
– |
Real-rate products |
11.06 |
11.80 |
10.56 |
11.90 |
7.07 |
5.92 |
6.98 |
9.55 |
4.24 |
3.02 |
1.60 |
Net investments |
108.00 |
105.68 |
94.80 |
81.72 |
74.43 |
65.44 |
68.12 |
72.05 |
67.10 |
58.11 |
52.96 |
Receivable from
Province of Ontario |
1.84 |
1.58 |
1.50 |
1.42 |
1.36 |
1.32 |
1.28 |
1.25 |
1.25 |
1.23 |
1.26 |
Other assets |
48.19 |
35.47 |
20.90 |
23.17 |
11.30 |
23.45 |
24.26 |
13.15 |
7.04 |
5.39 |
8.54 |
Total assets |
158.03 |
142.73 |
117.20 |
106.31 |
87.09 |
90.21 |
93.66 |
86.45 |
75.39 |
64.73 |
62.76 |
Liabilities |
(49.48) |
(36.72) |
(21.07) |
(21.98) |
(11.41) |
(24.00) |
(24.20) |
(13.33) |
(7.08) |
(5.56) |
(8.27) |
Net assets |
108.55 |
106.01 |
96.31 |
84.33 |
75.68 |
66.21 |
69.46 |
73.12 |
68.31 |
59.17 |
54.49 |
Smoothing reserve |
(3.63) |
(11.16) |
(7.44) |
(1.54) |
3.48 |
9.65 |
2.97 |
(4.34) |
(8.32) |
(4.79) |
(5.58) |
Actuarial value of
net assets |
104.92 |
94.85 |
88.69 |
82.79 |
79.16 |
75.86 |
72.43 |
68.78 |
59.99 |
54.38 |
48.91 |
Accrued pension
benefits |
115.46 |
110.50 |
110.53 |
96.73 |
83.12 |
73.67 |
65.43 |
58.56 |
52.11 |
48.64 |
44.46 |
Surplus(deficit) |
$(10.54) |
$(15.65) |
$(21.84) |
$(13.94) |
$ (3.96) |
$ 2.19 |
$ 7.00 |
$ 10.22 |
$ 7.88 |
$ 5.74 |
$ 4.45 |
PERFORMANCE (%) FOR THE YEAR ENDED DECEMBER 31 |
|
Rate of return |
4.5 |
13.2 |
17.2 |
14.7 |
18.0 |
(2.0) |
(2.3) |
9.3 |
17.4 |
9.9 |
15.6 |
Benchmark |
2.3 |
9.4 |
12.7 |
10.6 |
13.5 |
(4.8) |
(5.3) |
5.3 |
17.6 |
11.9 |
15.6 |
