OPTrust President and CEO Hugh O’Reilly wins CORPaTH Crystal Globe AwardPosted: December 13, 2017
TORONTO, December 13, 2017 – OPTrust President and CEO Hugh O’Reilly has won a CORPaTH Crystal Globe award, in acknowledgement of OPTrust’s ongoing efforts to promote defined benefit pension plans globally.
The award was presented at CORPaTH’s annual awards banquet on December 12, in Las Vegas.
“It’s an honour to be recognized in this way for the work that OPTrust does,” O’Reilly said. “We are facing challenging times in the delivery of retirement security, in Canada and around the world. OPTrust has an excellent track record of delivering secure, reliable pensions to our members, and we are always looking for opportunities to share what we’ve learned and extend pension coverage wherever possible.”
CORPaTH is an alliance of trustees, consultants, asset managers, administrators, elected officials and other professionals who oversee pension assets and other types of retirement income products. It works to promote and protect defined benefit pension plans, and to provide education on these issues to all stakeholders.
“All of us at OPTrust are firm believers in the defined benefit pension model and its ability to provide a predictable, reliable stream of retirement income,” O’Reilly added. “We certainly feel our mission is aligned with CORPaTH’s.”
O’Reilly will also be a participant on the “Trustees” panel at the CORPaTH summit conference on December 13, discussing the ongoing challenges and possible responses.
With net assets of $19 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 90,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.
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