April 17, 2012
OTPP Annual Report
The Ontario Teachers’ Pension Plan held its Annual General Meeting on April 12, 2012 in Toronto. The Report to Members and the 2011 Annual Report are available at www.otpp.com.
Some of the highlights from the 2011 Annual Report are:
Investments – Teachers’ investments performed very well posting an 11.2% rate of return for 2011, increasing net assets to an all-time high at $117.1 billion.
Plan funding – The annual preliminary funding valuation projects a $9.6 billion funding gap. Recurring funding shortfalls are primarily due to economic and demographic factors. Uncertain markets mean we must project modest future investment returns. Increased longevity results in many teachers collecting pensions for more years than they worked. Declining ratio of working-to-retired members limits the amount of investment risk that can be taken to earn returns.
Member Services – OTPP continue to provide outstanding, personalized service to members at a reasonable cost. More than half of members surveyed for their Quality Service Index gave OTPP client services a perfect 10 out of 10 for service delivery.
The full text of The Report to Members is found at:
The full text of The 2011 Annual Report is found at:
Counselling and Member Services