Delivering the pension promise to Ontario’s teachers is the goal shared by the management of the Ontario Teachers’ Pension Plan and the plan sponsors – the Ontario Teachers’ Federation and the Ontario government. We each have different roles but equal commitment to this promise.

Today, we face a demographic challenge: pensioners are living longer; there are fewer contributors for each retiree drawing a pension; and benefit payments are approximately double the amount the plan receives in contributions each year.

Funding pensions is a delicate balance of sharing investment risk between all generations of teachers. The challenge is to earn the investment income necessary to pay pensions to people who are living longer, and to do so without risking the promise to working teachers.