OPTrust

A new study by the The Conference Board of Canada reveals that in 2023 defined benefit pension plans like OPTrust paid benefits to over one million Ontarians, contributing $34.6 billion to the province’s GDP and supporting over 250k full-time jobs through the spending of their pensions. Check out this video for highlights of the report, commissioned by OPTrust, HOOPP (Healthcare of Ontario Pension Plan) and University Pension Plan Ontario. 📄 Read the full report here: https://lnkd.in/eSuHBaYJ 📢 Want to spread the word about how defined benefit pensions support the communities we call home? Sign up now at People for Pensions. https://lnkd.in/gj-cTah3

NEW PAPER! In Step 4 of an 8-part paper series, Providing the Right Information in the Right Way, Bonnie-Jeanne MacDonald, PhD FSA FCIA and Doug Chandler propose improvements in government CPP/QPP communications to empower participants to make informed claiming decisions. Learn more here: https://lnkd.in/gFp3Pdjz #CanadaPensionPlan #QuebecPensionPlan #Canada #Retirement

We’re #hiring! Behind every pension is a diverse team of smart, talented people who make a meaningful impact. If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply.

A new study by the Conference Board of Canada reveals that in 2023 defined benefit (DB) pension plans like OPTrust supported over one million beneficiaries in Ontario, contributing $34.6 billion to the province’s GDP. This accounts for more than three per cent of Ontario’s total GDP. Defined benefit pension payments provide retirees with a steady income, boosting their confidence and supporting local businesses. Key findings of the report, commissioned by OPTrust, HOOPP (Healthcare of Ontario Pension Plan) and University Pension Plan Ontario, include: ✅ 98% of DB pension payments are spent within Canada. ✅ Every dollar of DB pension benefits generates $1.43 in economic output. ✅ DB pension beneficiaries support 251,900 full-time jobs in Ontario. "At OPTrust, we know our mission of ‘Paying pensions today, preserving pensions for tomorrow’ has an impact that goes far beyond our members,” said OPTrust CEO Peter Lindley. “The significant economic activity generated by defined benefit pensions means we not only provide retirement security for our members – the pensions we fund get spent at home here in Ontario, supporting local communities and boosting the economy." In 2023, over $42 billion in pension benefits were paid to 1.23 million people in Ontario, generating more than $60 billion in economic output. With net assets of $25 billion, OPTrust invests and manages one of Canada’s largest pension funds and administers the OPSEU Pension Plan (including OPTrust Select), a defined benefit plan with over 111,000 members. Learn more about how DB pensions support local economies across Ontario here: https://lnkd.in/eSuHBaYJ

We are thrilled to announce our participation in this year's ImpACT SOA Annual Conference taking place in National Harbor, MD on October 27-30. Our Chief Innovation Officer Hens Steehouwer will discuss the methodology of Integrating Economic and Climate Scenarios in a panel discussion along with co-presenter Matthew Zhao from OPTrust. If you plan on attending the conference, drop by booth #304 and say hello to our team members, including Richard Boyce, MBA.

CVCA Members, don't forget to mark your calendars and register for CVCA’s upcoming morning event, Coffee and Capital: Fundraising Strategies and Navigating LP Expectations in Private Equity sponsored by BDO Canada, on November 20 in Toronto! Start your day with breakfast and networking, followed by a compelling panel discussion exploring how LP and GP expectations have shifted, the impact on fundraising, and the strategic decisions that follow once a fund is closed. Check your inbox for registration details! 

We’re #hiring! Behind every pension is a diverse team of smart, talented people who make a meaningful impact. If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply.

We’re #hiring! Behind every pension is a diverse team of smart, talented people who make a meaningful impact. If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply.

We’re #hiring! Behind every pension is a diverse team of smart, talented people who make a meaningful impact. If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply.

We’re #hiring! Behind every pension is a diverse team of smart, talented people who make a meaningful impact. If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply.