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News

May 5, 2017

Update: Changes to Post-Retirement Insured Benefits

In November 2016, the Government of Ontario announced changes to its post-retirement insured benefits (PRB ) provided to eligible retirees of the OPSEU Pension Plan. The changes that came into effect on January 1, 2017 include the introduction of a 50/50 cost sharing model for the existing PRB plan (the Legacy Plan) and a new alternative PRB plan (the Retiree-Focused Plan), valued at half the cost of the Legacy Plan. These changes will impact eligible members who retire and start their pension on or after January 1, 2017, but will not affect eligible retirees who started receiving their pension before that date.

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Climate Change report

May 3, 2017

Climate Change: Delivering on Disclosure Shortlisted for Innovation & Industry Leadership Award

Responsible Investor shortlisted OPTrust’s position paper Climate Change: Delivering on Disclosure for its new global RI Innovation & Industry Leadership Award.

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OPTrust fully funded defined benefit pension plan

April 10, 2017

OPTrust launches "People for Pensions" program

OPTrust launched the People for Pensions program last week to raise awareness about the overall value of defined benefit (DB) pension plans. Research has shown OPTrust members and retirees place a high value on their pensions and would like to know more about all the benefits of their pension plan.

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Strategic Business Advisor Sharon Pel joins OPTrust Board

March 16, 2017

Strategic Business Advisor Sharon Pel joins OPTrust Board

Sharon Pel was appointed to the Board of Trustees in February 2017 by the Government of Ontario.

Ms. Pel has more than 30 years’ experience as a strategic business advisor, both as an executive and as outside counsel. She has extensive expertise in governance, securities regulatory and policy matters, and corporate, commercial and securities law.

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OPTrust fully funded defined benefit pension plan

March 13, 2017

OPTrust further improves its fully funded status

The $19 billion pension management organization increases its market-based surplus and improves its ability to meet its pension promise to members.

OPTrust released its 2016 Funded Status Report, which details the Plan’s eighth consecutive, fully funded position and financial results.

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