Ontario Teachers' Pension Plan

The pension plan for current and former OPSEU members in the Ontario Public Service, the LCBO, and other agencies is fully funded and has been so for eight years in a row. That’s the main takeaway from the 2016 Funded Status Report of OPTrust, released today. “OPTrust is fully funded,” says OPTrust President and CEO...

Toronto – Ontario Auditor General Bonnie Lysyk is “100 per cent correct” when she says the provincial government has no unfettered right to count public employees’ pension funds as government assets, the President of the Ontario Public Service Employees Union says. “We agree entirely with Ms. Lysyk when she says that the money in jointly-trusteed...

Toronto – Ontario Premier Kathleen Wynne would do well to remember who owns the assets of the province’s jointly trusteed public pension plans, the President of the Ontario Public Service Employees Union said today. “The current dispute between the Government of Ontario and Auditor General Bonnie Lysyk over accounting practices is not just a paper...