OPTrust Select – Benefits Canada.com

Is the single-employer DB pension plan dead or merely modernizing for the future?

Jennifer Paterson — Thu, 13 Jul 2023 13:00:01 +0000

Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with a growing number of multi-employer plans making the promise of financial certainty in retirement provided by DB pensions available to private sector employers of all sizes. What’s under threat is […]

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Top 5 HR, pension and benefits stories of the week

bwolfe — Fri, 11 Mar 2022 14:00:00 +0000

With today marking the second anniversary of the coronavirus pandemic, it isn’t surprising that a pair of articles on the pandemic’s lasting impact were among the most read stories over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Two years later: Canada’s DB, DC pension plans weathering the […]

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OPTrust posts 15.3% net return, driven by private equity investments

bwolfe — Wed, 09 Mar 2022 14:30:09 +0000

The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In its 2021 funded status report, the OPTrust said its private equity portfolio generated a net return of 52.2 per cent. By comparison, public equities provided a net return of 12.9 […]

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How have Canada’s DB pensions changed over the last decade?

mschmit — Thu, 20 Aug 2020 05:30:54 +0000

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]

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Vopak Terminals joining CAAT DBplus, OPSEU members joining OPTrust Select

mschmit — Mon, 22 Jun 2020 04:17:47 +0000

As part of a new collective agreement ratified earlier this year, employees at Vopak Terminals of Canada in Hamilton have joined the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement, effective June 1, 2020. “During their working years, CAAT members have less worry about saving for retirement, especially in a volatile investment market,” […]

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Interest in DBplus and OPTrust Select remains amid coronavirus crisis

mschmit — Tue, 05 May 2020 04:59:00 +0000

The coronavirus crisis is putting new stresses on businesses as they grapple with cash flow and business continuity, but even amid such uncertainty, some employers are still looking to join defined benefit plans. The Colleges of Applied Arts and Technology pension plan is continuing to see interest in its DBplus offering, with the coronavirus crisis […]

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OPTrust Select welcomes first members

mschmit — Fri, 26 Apr 2019 04:18:32 +0000

A year after the OPSEU Pension Trust launched a new plan for nonprofits, it has enrolled its first members. The OPTrust Select was launched with the goal of providing a defined benefit plan for those in Ontario’s broader public sector, charitable and nonprofit groups that don’t have their own DB plans. Seven organizations are joining, […]

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