Investments and Funding

We take careful steps to design an investment and funding strategy that will keep our Plan strong and sustainable.

Continued our gradual, strategic reduction of the discount rate assumption – from 5.7% to 5.6% – to help ensure our Plan remains sustainable.

In 2017, our investments generated a strong return of 10.8%, helping us maintain our funded status at approximately 97%. We’ve taken important steps over the past few years to help keep the Plan strong now and over the long term.

Total Returns

Since
Inception

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Strengthened our longevity assumptions to better reflect the fact that our pensioners are living longer and that we’re paying pensions longer.

Asset Mix

As at December 31, 2017

Fixed Income

26.6%

Equity

50.3%

Real Assets

23.1%

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Chief Investment Officer

Successfully launched IMCO, creating a combined $60 billion investment manager to invest on behalf of OPB’s members.

We supported 21 shareholder proposals to enhance disclosure and/or action on climate change risks and opportunities at companies in our portfolio.

Growth of Plan Assets

Growth of $1,000 since inception

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Net Assets since Inception

(in millions of dollars)

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In partnership with WSIB, acquired 50% of Cadillac Fairview’s prime office and retail Vancouver portfolio – approximately 4.0 million square feet of leasable space.