© District 3 RTO/ERO           Legal Notice Human Rights Statement 

Pension Plan Information - Page Nicolson

Annual Report LInk

2018 COLA increase = 1.6%

Click on a live link, above, for the latest information!
OTPP has a preliminary surplus of $6.8 billion which represents 104% funding, based on current benefit/contribution levels Investment rate of return for 2014 was 11.8%: above the benchmark and above the OTPP annualized return of 10.2% since its inception. Funding sources 78% investment income 22% member and  government/employer OTPP members 112 - age of oldest person on pension 135 - number of pensioners 100 years or older approximately 182,000 teachers with an average age of 42 years approximately 129,000 pensioners with an average age of 71 years 31 - average number of years on pension With $154.5 billion in assets as of December 31, 2014,       the Ontario Teachers' Pension Plan is the largest         single-profession pension plan in Canada.
DID YOU KNOW? Ontario Teachers’ Pension Plan is Canada's largest single-profession pension plan with $171.4   billion in net assets (Jan. 2016). They pay pensions and invest plan assets on behalf of 316,000 working and retired teachers. Since being established as an independent organization in 1990, they have built an international reputation for innovation and leadership in investment management and member services. Ontario Teachers‘ administer a defined benefit pension plan. It pays lifetime pensions to eligible members and their survivors. In addition to retirement pensions, Ontario Teachers' provides benefits if members die, become disabled or permanently leave teaching before retirement. OTPP serves 183,000 active elementary and secondary school teachers; 133,000 pensioners; 69,000 inactive members (former teachers who kept their pensions with OTPP). The OTPP investment program has one goal: to earn the best possible returns, at an appropriate level of risk, to pay pensions to members. They employ roughly 1,100 employees at the head office in Toronto and investment offices in London, England and Hong Kong. Roughly 1,400 people work at its real estate subsidiary, Cadillac Fairview. To learn more, go to www.otpp.com/home
PENSION AND RETIREMENT CONCERNS COMMITTEE (PRCC) In the mandate for PRCC, the Board indicated that the committee was to “improve the lives of members and seniors by providing up-to-date information that concerns them.” The committee, which meets annually, seeks to meet this goal through redesigning the website, reviewing and updating fact sheets, and redesigning a document “Your Road to Retirement”. OTPP is 105% funded. In 2017, they have shown a net rate of return of 9.75% with net assets of 189.5 billion dollars. They have 323,000 members and have paid out 5.927 billion dollars in pension during the last fiscal year while 3.385 billion was collected from contributions. Their active to retired ratio is 1.3:1. The 10.3 billion dollar surplus was placed in a reserve. QUESTION: I am in receipt of a spousal survival pension from CPP. I will be turning 65 in October and thus in receipt of Old Age Security. Will this new income affect my survival pension? ANSWER: No, OAS does not affect the CPP survival rate. Submitted by Page Nicolson
© RTO / ERO District 3 Legal Notice       Human Rights Statement  

Annual Report LInk

2018 COLA increase = 1.6%

Click on a live link, above, for the latest information!

Pension Plan Information

DID YOU KNOW? Ontario Teachers’ Pension Plan is Canada's largest single-profession pension plan with $171.4   billion in net assets (Jan. 2016). They pay pensions and invest plan assets on behalf of 316,000 working and retired teachers. Since being established as an independent organization in 1990, they have built an international reputation for innovation and leadership in investment management and member services. Ontario Teachers‘ administer a defined benefit pension plan. It pays lifetime pensions to eligible members and their survivors. In addition to retirement pensions, Ontario Teachers' provides benefits if members die, become disabled or permanently leave teaching before retirement. OTPP serves 183,000 active elementary and secondary school teachers; 133,000 pensioners; 69,000 inactive members (former teachers who kept their pensions with OTPP). The OTPP investment program has one goal: to earn the best possible returns, at an appropriate level of risk, to pay pensions to members. They employ roughly 1,100 employees at the head office in Toronto and investment offices in London, England and Hong Kong. Roughly 1,400 people work at its real estate subsidiary, Cadillac Fairview. To learn more, go to www.otpp.com/home
OTPP has a preliminary surplus of $6.8 billion which represents 104% funding, based on current benefit/contribution levels Investment rate of return for 2014 was 11.8%: above the benchmark and above the OTPP annualized return of 10.2% since its inception. Funding sources 78% investment income 22% member and  government/employer OTPP members 112 - age of oldest person on pension 135 - number of pensioners 100 years or older approximately 182,000 teachers with an average age of 42 years approximately 129,000 pensioners with an average age of 71 years 31 - average number of years on pension With $154.5 billion in assets as of December 31, 2014,       the Ontario Teachers' Pension Plan is the largest         single-profession pension plan in Canada.

Page Nicolson

PENSION AND RETIREMENT CONCERNS COMMITTEE (PRCC) In the mandate for PRCC, the Board indicated that the committee was to “improve the lives of members and seniors by providing up-to-date information that concerns them.” The committee, which meets annually, seeks to meet this goal through redesigning the website, reviewing and updating fact sheets, and redesigning a document “Your Road to Retirement”. OTPP is 105% funded. In 2017, they have shown a net rate of return of 9.75% with net assets of 189.5 billion dollars. They have 323,000 members and have paid out 5.927 billion dollars in pension during the last fiscal year while 3.385 billion was collected from contributions. Their active to retired ratio is 1.3:1. The 10.3 billion dollar surplus was placed in a reserve. QUESTION: I am in receipt of a spousal survival pension from CPP. I will be turning 65 in October and thus in receipt of Old Age Security. Will this new income affect my survival pension? ANSWER: No, OAS does not affect the CPP survival rate. Submitted by Page Nicolson