OPSEU Pension Trust [OPTrust]

OPTrust has published information related to Bill 124, retroactive wage increases and the impact on your pension benefit.  This communication is intended for OPSEU/SEFPO members who participate in the OPSEU Pension Plan (OPTrust). Please find a link to the communication below: OPSEU/SEFPO Retroactive Salary Awards (optrust.com)

TORONTO, March 12, 2024 – OPTrust today released its 2023 Funded Status Report, People. Purpose. Pensions., which details the Plan’s financial results and funded status. In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent. Over the past 10 years, the Plan’s average net investment...

Workers need pensions! It’s important to understand the types of pensions for organizing, bargaining, and arranging your personal financial health. This post is a quick intro to Defined Benefit and Defined Contribution pension plans from the Pension & Benefits Unit. A pension is a form of retirement plan designed to provide financial support and income...

Effective April 1, 2023, two significant changes were enacted to the OPSEU Pension Plan that provide improved survivor benefits for dependent children. These changes are substantial improvements to survivor benefits and provide members with peace of mind knowing that their loved ones are financially secure in the event of their untimely passing. The first change...

The Pension Liaison Committee invites you or someone you know to get involved with the OPTrust by applying to become a union trustee. With the challenges facing defined benefit pension plans, we need people who have a firm and deep commitment to the labour movement and union principles. OPTrust trustees meet a number of times...

Strategy includes action plan to achieve net-zero portfolio by 2050 The following news release was published by OPTrust on October 25, 2022. Click here to download PDF. Toronto, October 25, 2022 – Today OPTrust released its enhanced climate change strategy. The strategy outlines how OPTrust will manage risks and opportunities from a transitioning economy and...

The following news release was published by OPTrust on November 24. Toronto, November 24, 2021 – OPTrust, one of Canada’s largest defined benefit pension plans, has welcomed the 100,000th member to the Plan. Since inception, OPTrust’s membership has increased by more than 40 per cent from just under 70,000 in 1995. Today, OPTrust delivers retirement security...

Toronto – Defined benefit (DB) pension plans from across Canada today released an informational video entitled What’s Important produced in collaboration to mark Financial Literacy Month and raise awareness about the value of retirement income security. The plans include BC’s College, Municipal, Public Service and WorkSafeBC, College of Applied Arts and Technology (CAAT), OMERS, Ontario...

The following news release was published by OPTrust on October 27. TORONTO, October 27, 2021 – Since enrolment began in 2019, 50 organizations from communities across Ontario have joined OPTrust Select – a defined benefit pension offering designed to enhance retirement security for employees who work at charitable, nonprofit and broader public sector organizations in Ontario....

OPTrust continues to be a success story. Since it was created by OPSEU/SEFPO and the Province of Ontario in 1995, thousands of OPSEU/SEFPO-represented Ontario Public Service retirees have enjoyed the outstanding pension benefits that OPTrust has provided. But many more broader public sector (BPS), non-profit and charitable members also seek the reliable, trustworthy pensions that...

The following letter was sent to all OPSEU/SEFPO local presidents whose members are part of the OPSEU Pension Trust (OPTrust). Download the letter. To: All Local Presidents in the OPSEU Pension Trust From: Giulia Volpe, Benefits Officer On behalf of the Pension Liaison Committee Date: January 25, 2021 Re: OPSEU Pension Trust – Union Trustee...

Mr. Clyde MacLellan Chair, Public Sector Accounting Board Dear Mr. MacLellan, The purpose of this letter is to provide comments from the Ontario Public Service Employees Union (OPSEU/SEFPO) on the Public Sector Accounting Board’s (PSAB’s) review of Section PS 3250, Retirement Benefits (“the Project”). We believe that the practical effects of these changes will be unhelpful...