2020 Year in Review

In a challenging year, we kept the pension promise while meeting our stakeholders’ needs for safety, service and sustainability.

Welcome

Welcome to OPB’s 2020 Year in Review. 2020 was a year like no other. The pandemic created unprecedented challenges, and we are pleased to report that our Board, leadership and staff demonstrated resilience and adaptability. We focused on protecting the safety of our employees and clients, delivering the excellent service that PSPP members deserve and expect, and carefully monitoring our investment strategies and performance to support the sustainability of the Plan.

Sincerely,

Geri Markvoort
Geri Markvoort signature
Geri Markvoort
Board Chair
Read the 2020 letter
Mark Fuller
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Mark Fuller
President & CEO
Read the 2020 letter
Meeting the needs of our stakeholders
Meeting the needs of our stakeholders

Safety

Throughout 2020, protecting the safety of our employees, clients and partners was our top priority.

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Service

In 2020, we met the pandemic challenge by giving our staff the support and tools they needed to provide our clients with excellent service in a remote environment.

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Sustainability

We are committed to protecting the long-term health of the Plan. As such, we conduct a number of studies to better understand the Plan’s funding, which in turn shapes our investment and funding strategies.

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Investment
Performance

In 2020, we took steps to further incorporate Responsible Investing into our strategic approach, participated in IMCO’s first investment pool and successfully navigated the market volatility to earn a solid return.

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Asset Mix Asset Mix held in Plan portfolio as of December 31, 2020
Fixed Income: 27.1%; Public Equities: 43.1%; Real Estate: 13.2%; Infrastructure: 8.3%; Private Equity: 8.2%; Cash: 0.1%.

Asset Mix held in Plan portfolio as of December 31, 2020

91,174 Total membership
8.8/10 Client service satisfaction at

Pension
Highlights

Throughout 2020, OPB focused on meeting our clients’ needs and using outstanding service as a way to add value to their pensions.

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