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The Ontario Teachers’ Pension Plan was created for Ontario teachers in 1917. In 1990, the Ontario government established an independent corporation with the authority to invest the plan’s assets in financial markets and administer pensions.
The Ontario Teachers’ Federation (OTF) and the Ontario government, the plan sponsors, are responsible for ensuring the pension plan is fully funded over the long term, and for setting plan benefit and contribution levels. The plan sponsors each appoint an equal number of members to the board, and jointly select a chair. View a list of current board members.
Today, the Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada with $108.5 billion in net assets at December 31, 2007. We administer the pension benefits of Ontario’s 170,000 elementary and secondary school teachers and 108,000 pensioners. The plan has one of the largest payrolls in Canada and paid out $4.0 billion in pension benefits in 2007.
Teachers’ 700 employees are responsible for setting and implementing investment strategies for the plan’s assets and for delivering immediate, personalized services to members in keeping with our vision:
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Outstanding service today, retirement security tomorrow. |
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| We began paying pensions to 5,200 new retirees in 2007. The number of pensioners has nearly tripled since 1990; there are 2,300 pensioners in their 90s and 83 who are 100 years old or older. |
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More information on roles and responsibilities. |
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