Strong Results for Teachers’ Pension Plan
CBJ – The Ontario Teachers’ Pension Plan earned an almost 12% return on investments overall in 2014. The pension fund saw its assets grow to $154.5-billion, up from $140.8-billion at the end of 2013.
The strong results came despite rather shaky markets and a 20% decline in the value of its natural resources portfolio.
Teachers said the plan was 104% funded at the end of 2014, which is the second year in a row it has had a surplus following a decade of deficits prior to 2013. The plan now has $6.8-billion of surplus assets above the estimated liability for providing pensions to members.
The Ontario Teachers’ Pension Plan invests on behalf of 311,000 teachers and retirees in Ontario.