April 3, 2018 — The Ontario Teachers' Pension Plan (the plan) is fully funded for a fifth consecutive year, underscoring its long-term financial health and sustainability.
As such, the plan's sponsors, Ontario Teachers' Federation (OTF) and Ontario government, have decided to file the January 1, 2018 valuation with the regulators. The valuation shows a contingency reserve. The sponsors' decision to allocate the surplus to a contingency reserve is intended to reduce volatility in the funded position of the plan and facilitate stability in members' contributions and benefits.
For more information, read Ontario Teachers' Pension Plan sponsors to file fully-funded valuation with regulators.