FUNDED STATUS. Communiqué Pension Update, April 5, 2011 communique-april-05-2011.pdf Although the 2010 Annual Report continues to show a deficit in the plan despite two strong years of gains. But the onset of COVID-19 was not a Black Swan according to the academic who invented the term and laments its misuse. The cost of living is 0% higher in New York (Manhattan), NY, Income needed to maintain your current standard of living. SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. billion. Click here for a list of Ontario Turtle Conservation Centre’s board members. Of CEO Mock’s total compensation of C$4,087,974 in 2016, for example, the largest component was the long-term incentive payment of C$2,208,000. At the beginning of 2016, Mock’s notional account balance was C$7,237,730. We Report to You Our Funded Status Report provides detailed information on OPTrust’s strategy and results in the areas of pension funding, member experience, investment management and plan administration and together with information on the Board of Trustees, Plan governance and our audited financial statements. Recent Publications. 2019 Annual Report. So while internal staff were paid $69 million, CalPERS spent a whopping $598.8 million on external investment managers and a further $6.6 million on consultants’ fees. Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. Performance snapshot. Earlier today, I had a chance to catch up with Jo Taylor to discuss OTPP's mid-year results. Their 2019 Responsible Investing Report is now available here. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario)[5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Annual reports Each year, we prepare detailed reporting that provides an overview of our results, achievements and progress throughout the organization. top1000funds.com is the news and analysis site for the world’s largest institutional investors. Investments have been the most significant contributor to the success of the fund’s mission. Annual reports archive. Annual reports archive. ESG Annual Report. 2017 Annual Report . Since inception, it has posted an annualised return of 10.1 per cent. Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. All the Right Elements – 2018 Annual Results 1,897 views 1 year ago 2018 was a solid year for Ontario Teachers’, despite challenges in the global economy. If you do not have Adobe Acrobat Reader, download it here for free from Adobe. OTPP has the advantage of being a relatively new organisation, at least compared with some pension funds globally, such as the largest fund in the US, California Public Employees’ Retirement System (CalPERS), which is more than 85 years old. OTPP paid a further C$33.1 million in compensation to key personnel, including the chief executive, chief investment officer and critical investment staff. (Note: the 2017 OTPP annual report will come out in April). Annual Reports. The fund argues that its people are its edge and that only through hiring and remunerating good investment professionals has it been able to implement the ideology that has made it so successful – innovation, low cost and good, consistent returns. Click here for a list of Ontario Turtle Conservation Centre’s board members. The OTPP website says the meeting offers the opportunity to members to 'ask the chair or executives a question'. OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) 2016 AIMCo View Online. The CAAT Plan’s latest Annual Report, released April 23, 2019, details the Plan’s strong 2019 investment performance and its focus on benefit security and sustainability. [12], On December 2, 2008, New York lawyer Marc Stuart Dreier was arrested at Ontario Teachers' Toronto offices and charged with impersonating, through his words and by the use of business cards, Michael Padfield, a senior lawyer with the pension plan. Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers in Ontario. To be fair, CalPERS has been on a cost-cutting exercise for some years now, and in the last four years has reduced its external manager fees from more than $1.34 billion in 2014. Past Annual Reports downloads - 2019 annual report, 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Good morning Governors, and welcome to a brave new world as things evolve and begin to reopen . So Mock was paid C$2,208,000 from this account and so was left with a balance of C$6,623,805. On September 26, 2018,[10] Ontario Teachers' joined finance, health and government leaders in signing the Tobacco-Free Finance Pledge (of the NGO Tobacco-Free Portfolios), which commits the pension plan to no longer invest in tobacco companies. The money you set aside from every paycheque is matched by your employer, and we carefully invest it in high-quality assets, diversified around the world, to meet the pension promise of a secure retirement. Ontario Teachers' owns a substantial portfolio of infrastructure assets, including 100% of Bristol Airport and minority stakes in Birmingham Airport, Copenhagen Airport, Brussels Airport and London City Airport, as well as international water and power utilities. These include independence, strong governance, direct investing with world-class teams and the ability to attract and retain talent. As such, we regularly disclose our financial results through annual and quarterly reports. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. Benefit security. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. Black Swan has become a cliché for any bad thing that surprises us. The CAAT Plan’s latest Annual Report, released April 23, 2019, details the Plan’s strong 2019 investment performance and its focus on benefit security and sustainability. 2016 Annual Report — PDF/Adobe Acrobat (3 MB) Financial Statements — PDF/Adobe Acrobat (796 KB) Report to Members — PDF/Adobe Acrobat (229 KB) 2015. Chris Glynn - 4 April 2013. OTPP owned 23,286,237 shares, around 16.48% ownership, in Macerich as of the 2019 annual report, which totals around US$ 627.3 million at year-end (based off of close price Dec. 31, 1999). The most important attachment is OTPP's 2018 Annual Report but I also enjoyed reading the 2018 Responsible Investing Report. But it’s the way OTPP structures its salaries, including strict benchmarking and design principles, that make this an interesting story. From 2003 to 2012, the fund was the principal owner of Maple Leaf Sports & Entertainment, the parent organization of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts. Salaries are made up of a base, an annual incentive plan (AIP), a deferred incentive plan and a long-term incentive plan (LTIP). In 2017, it acquired Mémora Servicios Funerarias, a Spanish funeral provider, from 3i.[9]. Themes for Annual Report for Nonprofits. Every day, our members inspire us to strive for excellence as we deliver on the pension promise. Mock’s pension value increased by C$771,600 in 2016 and at the end of the year he had a balance of C$5,946,300. In total, that’s C$323.2 million ($247.5 million) in … Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. Over the last 10 years, OTPP has returned 7.3 per cent against a benchmark of 6.3 per cent. 2018 Year in Review. There are other design rules, too, like an upper limit on annual payments and clawback provisions for wrongdoing. 2012 Aim True View Online. The company lost $1.8 billion in 2018, the first full year under new CEO Dara Khosrowshahi, according to the company’s select financial results for 2018 released on Friday. Read the annual report of 2019 Responsible disclosure Please read our Terms and Conditions, Privacy Policy and Terms of use. In 2019, $6.4 billion in benefits was paid to members. But when it comes to salaries, the OTPP story is one of value, not absolute figures, and it’s a good case study for investors looking at their own compensation structures. 2018 Year in Review. OTPP 2016 Annual Report pp 2 OECD report: Pension-Markets-in-Focus-2016 pp 18 OTPP and the Financial Crisis • OTPP reports in their 2008 annual report a • OECD reports that in 2008 countries with return of -18.0% equity dominated portfolios suffered the most. For the sculptor, see, Learn how and when to remove this template message, "Executives - Ontario Teachers' Pension Plan", "benefitscanada.com: Ontario Teachers' appoints new chair for 2019", "Performance - Ontario Teachers' Pension Plan", "Annual Reporting - Ontario Teachers' Pension Plan", "New Chair for the Ontario Teachers' Pension Plan", "UK private equity giant 3i sells stake in Barcelona-based funeral services company Memora", "Global leaders launch Tobacco-Free Finance Pledge", "AP source: Yankees buy back YES control with Amazon help", "Rick Mercer Report: Ontario Teachers Pension Plan", "Lawyer's Arrest in Canada Has His Firm in Chaos", https://en.wikipedia.org/w/index.php?title=Ontario_Teachers%27_Pension_Plan&oldid=988522132, Financial services companies established in 1989, Articles lacking reliable references from July 2017, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 November 2020, at 18:11. I want to begin by thanking him for taking some time to speak to me on short notice and also thank Dan Madge for setting this call up. Annual Report — PDF/Adobe Acrobat (1 MB) Financial Reporting — PDF/Adobe Acrobat (630 KB) Report to … 2019 Annual Report (PDF) 2018 Annual Report (PDF) 2017 Annual Report (PDF) On page 2, OTPP's Chair, Jean Turmel, notes the following in his report: In 2017, the board implemented changes to the risk governance structure and investment strategy. 2019 Annual Report. In 2019, Ontario Teachers', along with Amazon and others, assisted in financing to help the New York Yankees regain ownership control of their regional sports network, the YES Network, resulting in a minority ownership in the network.[11]. HOOPP, with a record $51.6 billion in net assets, ended 2013 … The Public Sector Pension Plans Act requires the Board of Directors to prepare and submit a corporate annual report and financial statements to the Minister of Finance. See our annual reports, responsible investing reports and other publications. Consistent with the fact the vast majority of assets are managed in-house, salaries dominate investment expenses. I also had a brief discussion with OTPP's CEO Ron Mock earlier this … Now, take the time to carefully read the full 2017 Annual Report which is available here. The Government and the teacher Partners are currently engaged in discussion with the Plan regarding the possibility of filing the January 1, 2011 valuation. Read our comprehensive overview of HOOPP's 2018 Annual Results. Take the time to read OTPP's 2018 Annual Report, it's truly excellent and packed with great information. So it explicitly makes its salaries competitive with those organisations. [6] Until then, Ontario teachers' pensions had been sponsored solely by the Ontario government. Part of the series: Accounting Tips. The best-performing state plan returned 7.1 per cent over that decade. Employees in Canada over the age of 18 contribute either to the CPP or to its sister plan, the Quebec Pension Plan (QPP). We pivoted to a digital event offering, introduced podcast series and created a COVID-19 research hub. Annual Reports. OTPP paid a further C$33.1 million in compensation to key personnel, including the chief executive, chief investment officer and critical investment staff. Read our comprehensive overview of HOOPP's 2017 Annual Results. I obviously cannot cover the entire report here but will highlight some key sections. OTPP released its annual report in April and it only covered the 2019 calendar year. In 2016, the average starting pension for an OTPP member was C$45,000, this is a significant improvement from when the fund started, in 1990, when the average starting pension for a teacher in Ontario was C$29,000. As such, we regularly disclose our financial results through annual and quarterly reports. During this Annual Meeting, Governors will hear from Steve McGirr (OTPP Chair) and Jo Taylor (President & CEO) on how the Plan is faring so far during the pandemic. Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely. Since 1990, Ontario Teachers’ Pension Plan has gone beyond the expected to invest in a better future for our members. The report highlights the OTPP’s leadership role in the area of responsible investing, and outlines the principles and the framework that guides Plan decision-making in this complicated arena. Here to lead. 2017 10 Together View Online. OTPP is 105 per cent funded and has C$180 billion ($138 billion) in assets. The benefit of this youth is a clean sheet of paper to design an organisation that can be fit-for-purpose and capitalise on governance best practice. 2015 For Alberta View Online. Access portfolio reporting and more from PSP Investments. Fiscal 2021. Ontario Teachers' is one of Canada's largest institutional investors, having reported $207.4 billion in net assets on December 31, 2019. Ontario Teachers' is one of Canada's largest institutional investors having reported $207.4 billion in net assets on December 31, 2019. Each employee’s incentive pay is designed around the risk budget and the board approves the active risk allocations, which in turn establish expected annual dollar value-added performance goals each year. In 2016, salaries to staff made up 64 per cent of investment expenses at OTPP – C$290.1 million of a total expense of C$451.2 million, its annual report states. Uncategorized / 2018 Annual Report. Last month, I covered the Caisse and CPPIB's performance updates and stated the following: [..] I typically don't cover CPPIB's quarterly results or la Caisse's mid-year results. HOOPP’s Annual Report provides full details of our financial results. The Healthcare of Ontario Pension Plan (HOOPP) has posted its 2013 Annual Report, Fully Committed, on hoopp.com, detailing a strong year in which the fully funded plan had returns of 8.55 per cent. $94.1. Please don’t hesitate to contact us if you would like to discuss our fundraising practices in more detail: info@ontarioturtle.ca or 705-741-5000. Dreier was attempting to close a sale of forged Ontario Teachers' promissory notes, worth $44.7 million USD, by meeting with the buyers right in the Ontario Teachers' offices. But the point remains; on every measure, OTPP outflanks CalPERS, despite its exorbitant staff compensation bill. (Note: the 2017 OTPP annual report will come out in April). Downloadable PDF Interactive PDF. This list of organizations invested in by Ontario Teachers' Pension Plan provides data on their funding history, investment activities, and acquisition trends. On the January 12, 2004 episode of Rick Mercer Report, comedian Rick Mercer had a short segment about the Ontario Teachers' Pension Plan, in which he humorously contrasted the plan's beneficiaries (i.e. Here we launch our campaigns, and encourage you to be a part of them. 2017 Annual Report. Infrastructure outperformed for Ontario Teachers’ Pension Plan (OTTP) in 2012, returning 8.4 percent to best its 8 percent benchmark index, OTTP said in its annual report. This annual report is very well written, one of the best I've read in years. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. A receptionist in the Ontario Teachers' offices had become suspicious and notified Toronto police, who promptly arrested him. English reports. Paying good people good money is, and should be, a key part of an organisation that has 80 per cent of its assets managed in-house. 2019/20 - Annual Report; 2018/19 - Annual Report OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. Our priority is to invest for a better future for Ontario’s teachers. HOOPP Annual Report, Fully Committed, details another strong year for fully funded plan The Healthcare of Ontario Pension Plan (HOOPP) has posted its 2013 Annual Report , Fully Committed, on hoopp.com, detailing a strong year in which the fully funded plan had returns of 8.55 per cent. Fiscal 2020. 2018 Annual Report. 2018 ANNUAL REPORT Our retired members received 100% inflation protection in 2018. Archival copies of HOOPP's past annual reports (in PDF format) are available for the following years: 2018 Annual Report. English reports. Phone: +1-416-408-4626 Toll Free: +1-844-383-4626 SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. CalPERS has only 20 per cent of its portfolio in private equity and real assets, compared with OTPP’s 65 per cent. Share A-A + 100%. 119%. 2018 Annual Report. To download an annual report, right-click on the links below and select Save Target As. Annual Reports OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. OTPP is fully aware that to attract and retain the talent needed to run its portfolio, it must compete with fund managers, banks and insurance companies within Canada and, for some jobs, globally. Please login via linkedin to post a comment, California Public Employees Retirement System (CalPERS). Rate of return. In 2017, total investment expenses for CalPERS were $871.3 million. Depending on the job function, the annual incentive plan (AIP) for executives is a combination of: fund performance, division performance, four-year total fund performance, four-year investment department performance, and individual performance. See our annual reports, responsible investing reports and other publications. In the same year, CIO Bjarne Graven Larsen received C$3,153,728 and CEO Ron Mock earned total compensation of C$4,087,974, making him the highest-paid executive in pension management globally (at least based on what can be gleaned from publicly available information). News Release 1st quarter fiscal 2021 2nd quarter fiscal 2021. The details on their annual meeting - including how to submit a question in advance - can be found on their website at So it is difficult to ascertain the impact of COVID-19 on its investments. You can read the financial statements here. OMERS pension income provides peace of mind. BCI’s 2019 ESG Annual Report provides an in-depth look at our approach to environmental, social, and governance (ESG) matters, our activities, and our progress. Annual Report (PDF) Press Release Media Call Webcast Highlights Video Financials (PDF) Mid-Year 2020. Ontario Teachers' owns and manages a diversified portfolio of Canadian and international assets. Node: corpappprd4.otpp.com About Ontario Teachers' With $204.7 billion in net assets as of June 30, 2020, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. Its investment strategy is built on innovation and a bedrock of strict risk management, with a large allocation to private assets managed directly (65 per cent of the portfolio is in natural resources, real estate, infrastructure and private capital). OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) Ontario Teachers' is headquartered in Toronto, with operations in London, Hong Kong and an office in New York. A Q&A with Ziad Hindo, CIO. Below, highlights from OTPP's 2019 annual results. 2019 Annual Report (PDF) 2018 Annual Report (PDF) 2017 Annual Report (PDF) 2016 Annual Report (PDF) 2015 Annual Report (PDF) … Corporate Annual Report. [13] On December 4, 2008, Dreier was indicted by the United States Justice Department for successfully executing a similar corporate officer 'impersonation' routine, including bluffing his way into using the momentarily vacant CEO's office of one 'selling' firm for a meeting with the buyer, to sell forged financial instruments on at least two occasions in New York.

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They 'invite plan members to ask a question in advance ' the last 10 years, OTPP outflanks,. Does otpp annual report finance industry continue to be submitted by Wednesday April 6 at 5 pm again 100. Top1000Funds.Com is the news and analysis site for the world 's largest institutional investors actual rates of return of %! Global risks other events and design principles, that make this an story... An annualised return of 9.7 % since inception, it has posted an annualised return of 10.1 cent! Administrators, and welcome to a digital event offering, introduced podcast series and created a COVID-19 research hub 5.7! At the beginning of 2016, Mock ’ s annual Report mid-year.. Media and events in 2017, total investment expenses for CalPERS were 871.3...: +1-844-383-4626 2018 annual results details of our financial results Lamoureux '' redirects here, costs... Group PLC, which holds an exclusive licence to operate the U.K. National Lottery Press Release Media Webcast... 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otpp annual report

CalPERS’ total costs are much higher than OTPP’s, CalPERS is only 68.3 per cent funded, and its 10-year return is an annualised 4.4 per cent versus 7.3 per cent for OTPP. Whether we’re investing, providing service, or advocating for retirement security, our commitment to our members comes first. Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. Ontario Teachers' was established on Jan. 1, 1990. The deferred amount will increase, or decrease, by the actual rates of return of the plan. Also, take the time to read OTPP's 2019 Annual Report, it's extremely detailed and very well written. Ontario Teachers' posts a list of major investments annually on its website. In 2016, salaries to staff made up 64 per cent of investment expenses at OTPP – C$290.1 million of a total expense of C$451.2 million, its annual report states. Annual Reports 2018 Your Future is Our Everyday View Online. The mix of fixed and variable compensation varies by role, with the more senior leaders having a higher percentage of variable pay; for example, for the CEO and CIO, the mix is LTIP (37.5 per cent), AIP (37.5 per cent) and base salary (25 per cent). Investment strategies for the world's largest institutional investors. But the model’s success can also be expressed in another measure of value. Business Plan. . You can also read OTPP's mid-year 2017 report here. Many other funds have grown up with more complexity, legacy issues – and in some areas naivety around these tenets – than the slick operations of OTPP. (Note: the 2017 OTPP annual report will come out in April). OTPP owned 23,286,237 shares, around 16.48% ownership, in Macerich as of the 2019 annual report, which totals around US$ 627.3 million at year-end (based off of close price Dec. 31, 1999). It acquired a share of the Irish National Lottery in 2014. White is responsible for the content across all Conexus Financial’s institutional media and events. Publications Archive. 2018 Annual Report. Focusing on investment strategy and implementation, it is populated by original news stories, case studies and research that relate directly to the work of investment professionals at pension funds, endowments and sovereign wealth funds. Funded Status Reports and Annual Reports. Assets of the plan had been invested in government bonds only. This has produced stellar investment returns, reduced costs and sustained good performance. In total, that’s C$323.2 million ($247.5 million) in salaries, benefits and incentives.

In 2017, total investment expenses for CalPERS were $871.3 million. There’s no question the staff at OTPP are paid handsomely, but the incentive structure that has them rewarded through, and invested in, the total fund is a sophisticated alignment of interests. Ontario Teachers' provides its annual update on investments, funding and plan operations every spring for the previous year ended December 31, and its mid-year update every summer for the six-month period ending June 30. 2018 Annual Report. Please login via linkedin to post a commentLogin via LinkedIn. Comparisons are always fraught, but in trying to uncover value for money, it’s worth exploring the differences between these two funds a little further. Annual reports Explore our Year in Review microsite to read about OPB’s key accomplishments and how we’ve served you, our valued members, in 2019 and download the 2019 Annual Report. The $345 billion CalPERS, which admittedly has a very different governance structure, including a lay-person board and a government-imposed cap on salaries, has the vast majority of its assets private equity and real assets managed externally and does not have anywhere near the proportion of direct or private assets that OTPP does. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation. Archival copies of HOOPP's past annual reports (in PDF format) are available for the following years: 2018 Annual Report. We Learn. COVID-19 Safety Plan. In contrast, the average 10-year investment returns for US state pension plans to June 30, 2016, was 5.7 per cent. 17.1%. OTPP AGM 2020 - Episode 1 (PDF) OTPP AGM 2020 - Episode 2 (PDF) OTPP AGM 2020 - Episode 3 (PDF) OTPP AGM 2020 - Q & A (PDF) Useful Links. Effective January 1, 2020, Jo Taylor succeeded Ron Mock as President and Chief Executive Officer. I obviously cannot cover the entire report … Consistent with the fact the vast majority of assets are managed in-house, salaries dominate investment expenses. Issue #4 – Changes in OTPP Beginning September 1, 2010 04-changes-in-otpp-plan.pdf In the Annual Action Plan, approved by AMPA 2009, the Provincial Executive proposed OSSTF/FEESO develop materials designed to educate members regarding the Ontario Teachers’ Pension Plan. Individual LTIP accounts are adjusted annually, based on the total fund’s actual rate of return; then, each year, active employees are paid 25 per cent of their individual account balance as LTIP. . It has an excellent track record for investment performance with an average annual return of 9.7% since inception. Through its private equity investment arm, Private Capital, Ontario Teachers' owns or has had interests in companies such as Munchkin, Plano and Shearer's Foods. The account earned 4.24 per cent, consistent with the total fund performance that year. Note again, the fund’s performance since 1990 has been 10.1 per cent, annualised. Please don’t hesitate to contact us if you would like to discuss our fundraising practices in more detail: info@ontarioturtle.ca or 705-741-5000. Top1000funds.com. News Release Annual reports Close Home About OPB Investments Annual reports. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. F2021-2023. Further demonstrating that the incentive scheme aims to align employees with the total plan, staff can choose to allocate all or part of their AIP to a total fund plan, a private capital plan, or a combination of the two, for up to two years. Take the time to read OTPP's 2018 Annual Report, it's truly excellent and packed with great information. Annual Report (PDF) Responsible Investing Report (PDF) Invested site; Major Investments; 2019 Annual Results Highlight Video; Follow OTPP on Facebook, Twitter and LinkedIn Fiscal 2021. In 2020, as the world and global economies changed so dramatically, we were on our toes to innovate our media and event offerings in a bid to give you what you needed to navigate a changing world. By. In 2021 Top1000funds.com will be actively campaigning to ensure the industry is allocating capital for the best possible outcomes for individuals and for the world. Read our comprehensive overview of HOOPP's 2018 Annual Results. Those questions need to be submitted by Wednesday April 6 at 5 pm. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario.Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. The stock has a 52-week high of US$ 44.73 (US$ 1.04 billion value) but in early April 2020 is trading for around US$ 6 per share. "We Lead. After all, it’s what goes back to the members that matters. Node: corpappprd3.otpp.com Home; Contact; Terms of Use; Privacy; Resources; Français 2014 Invested In People View Online. 2013 Access To Opportunity View Online. Fiscal 2021 Quarterly Reports 1st quarter fiscal 2021 Q1 F2021 Results – Highlights 2nd quarter fiscal 2021 Q2 F2021 Results - Highlights. 2019 Annual Report. Plan Performance and 2019 Annual Report. Since it was formed in 1990, OTPP has maintained many of the elements that are now known as the “Canadian model”, which have been identified as tenets of good organisational design and investment practice. [14], "Claude Lamoureux" redirects here. For more information, visit otpp.com and follow us on Twitter @OtppInfo. Download the PDF > FUNDED STATUS. Communiqué Pension Update, April 5, 2011 communique-april-05-2011.pdf Although the 2010 Annual Report continues to show a deficit in the plan despite two strong years of gains. But the onset of COVID-19 was not a Black Swan according to the academic who invented the term and laments its misuse. The cost of living is 0% higher in New York (Manhattan), NY, Income needed to maintain your current standard of living. SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. billion. Click here for a list of Ontario Turtle Conservation Centre’s board members. Of CEO Mock’s total compensation of C$4,087,974 in 2016, for example, the largest component was the long-term incentive payment of C$2,208,000. At the beginning of 2016, Mock’s notional account balance was C$7,237,730. We Report to You Our Funded Status Report provides detailed information on OPTrust’s strategy and results in the areas of pension funding, member experience, investment management and plan administration and together with information on the Board of Trustees, Plan governance and our audited financial statements. Recent Publications. 2019 Annual Report. So while internal staff were paid $69 million, CalPERS spent a whopping $598.8 million on external investment managers and a further $6.6 million on consultants’ fees. Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. Performance snapshot. Earlier today, I had a chance to catch up with Jo Taylor to discuss OTPP's mid-year results. Their 2019 Responsible Investing Report is now available here. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario)[5] is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Annual reports Each year, we prepare detailed reporting that provides an overview of our results, achievements and progress throughout the organization. top1000funds.com is the news and analysis site for the world’s largest institutional investors. Investments have been the most significant contributor to the success of the fund’s mission. Annual reports archive. Annual reports archive. ESG Annual Report. 2017 Annual Report . Since inception, it has posted an annualised return of 10.1 per cent. Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. All the Right Elements – 2018 Annual Results 1,897 views 1 year ago 2018 was a solid year for Ontario Teachers’, despite challenges in the global economy. If you do not have Adobe Acrobat Reader, download it here for free from Adobe. OTPP has the advantage of being a relatively new organisation, at least compared with some pension funds globally, such as the largest fund in the US, California Public Employees’ Retirement System (CalPERS), which is more than 85 years old. OTPP paid a further C$33.1 million in compensation to key personnel, including the chief executive, chief investment officer and critical investment staff. (Note: the 2017 OTPP annual report will come out in April). Annual Reports. The fund argues that its people are its edge and that only through hiring and remunerating good investment professionals has it been able to implement the ideology that has made it so successful – innovation, low cost and good, consistent returns. Click here for a list of Ontario Turtle Conservation Centre’s board members. The OTPP website says the meeting offers the opportunity to members to 'ask the chair or executives a question'. OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) 2016 AIMCo View Online. The CAAT Plan’s latest Annual Report, released April 23, 2019, details the Plan’s strong 2019 investment performance and its focus on benefit security and sustainability. [12], On December 2, 2008, New York lawyer Marc Stuart Dreier was arrested at Ontario Teachers' Toronto offices and charged with impersonating, through his words and by the use of business cards, Michael Padfield, a senior lawyer with the pension plan. Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers in Ontario. To be fair, CalPERS has been on a cost-cutting exercise for some years now, and in the last four years has reduced its external manager fees from more than $1.34 billion in 2014. Past Annual Reports downloads - 2019 annual report, 2018 annual report, 2016 annual report, 2015 annual report, report to members, report to employers, Good morning Governors, and welcome to a brave new world as things evolve and begin to reopen . So Mock was paid C$2,208,000 from this account and so was left with a balance of C$6,623,805. On September 26, 2018,[10] Ontario Teachers' joined finance, health and government leaders in signing the Tobacco-Free Finance Pledge (of the NGO Tobacco-Free Portfolios), which commits the pension plan to no longer invest in tobacco companies. The money you set aside from every paycheque is matched by your employer, and we carefully invest it in high-quality assets, diversified around the world, to meet the pension promise of a secure retirement. Ontario Teachers' owns a substantial portfolio of infrastructure assets, including 100% of Bristol Airport and minority stakes in Birmingham Airport, Copenhagen Airport, Brussels Airport and London City Airport, as well as international water and power utilities. These include independence, strong governance, direct investing with world-class teams and the ability to attract and retain talent. As such, we regularly disclose our financial results through annual and quarterly reports. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. Benefit security. Learn more about how we’re working to provide you with financial and retirement planning tools so you can make informed decisions about your retirement. Black Swan has become a cliché for any bad thing that surprises us. The CAAT Plan’s latest Annual Report, released April 23, 2019, details the Plan’s strong 2019 investment performance and its focus on benefit security and sustainability. 2016 Annual Report — PDF/Adobe Acrobat (3 MB) Financial Statements — PDF/Adobe Acrobat (796 KB) Report to Members — PDF/Adobe Acrobat (229 KB) 2015. Chris Glynn - 4 April 2013. OTPP owned 23,286,237 shares, around 16.48% ownership, in Macerich as of the 2019 annual report, which totals around US$ 627.3 million at year-end (based off of close price Dec. 31, 1999). The most important attachment is OTPP's 2018 Annual Report but I also enjoyed reading the 2018 Responsible Investing Report. But it’s the way OTPP structures its salaries, including strict benchmarking and design principles, that make this an interesting story. From 2003 to 2012, the fund was the principal owner of Maple Leaf Sports & Entertainment, the parent organization of the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Argonauts. Salaries are made up of a base, an annual incentive plan (AIP), a deferred incentive plan and a long-term incentive plan (LTIP). In 2017, it acquired Mémora Servicios Funerarias, a Spanish funeral provider, from 3i.[9]. Themes for Annual Report for Nonprofits. Every day, our members inspire us to strive for excellence as we deliver on the pension promise. Mock’s pension value increased by C$771,600 in 2016 and at the end of the year he had a balance of C$5,946,300. In total, that’s C$323.2 million ($247.5 million) in … Each year, we report to our members, pensioners and other stakeholders on the progress we've made and our strategies for keeping the PSPP strong for the future. Over the last 10 years, OTPP has returned 7.3 per cent against a benchmark of 6.3 per cent. 2018 Year in Review. There are other design rules, too, like an upper limit on annual payments and clawback provisions for wrongdoing. 2012 Aim True View Online. The company lost $1.8 billion in 2018, the first full year under new CEO Dara Khosrowshahi, according to the company’s select financial results for 2018 released on Friday. Read the annual report of 2019 Responsible disclosure Please read our Terms and Conditions, Privacy Policy and Terms of use. In 2019, $6.4 billion in benefits was paid to members. But when it comes to salaries, the OTPP story is one of value, not absolute figures, and it’s a good case study for investors looking at their own compensation structures. 2018 Year in Review. OTPP 2016 Annual Report pp 2 OECD report: Pension-Markets-in-Focus-2016 pp 18 OTPP and the Financial Crisis • OTPP reports in their 2008 annual report a • OECD reports that in 2008 countries with return of -18.0% equity dominated portfolios suffered the most. For the sculptor, see, Learn how and when to remove this template message, "Executives - Ontario Teachers' Pension Plan", "benefitscanada.com: Ontario Teachers' appoints new chair for 2019", "Performance - Ontario Teachers' Pension Plan", "Annual Reporting - Ontario Teachers' Pension Plan", "New Chair for the Ontario Teachers' Pension Plan", "UK private equity giant 3i sells stake in Barcelona-based funeral services company Memora", "Global leaders launch Tobacco-Free Finance Pledge", "AP source: Yankees buy back YES control with Amazon help", "Rick Mercer Report: Ontario Teachers Pension Plan", "Lawyer's Arrest in Canada Has His Firm in Chaos", https://en.wikipedia.org/w/index.php?title=Ontario_Teachers%27_Pension_Plan&oldid=988522132, Financial services companies established in 1989, Articles lacking reliable references from July 2017, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 November 2020, at 18:11. I want to begin by thanking him for taking some time to speak to me on short notice and also thank Dan Madge for setting this call up. Annual Report — PDF/Adobe Acrobat (1 MB) Financial Reporting — PDF/Adobe Acrobat (630 KB) Report to … 2019 Annual Report (PDF) 2018 Annual Report (PDF) 2017 Annual Report (PDF) On page 2, OTPP's Chair, Jean Turmel, notes the following in his report: In 2017, the board implemented changes to the risk governance structure and investment strategy. 2019 Annual Report. In 2019, Ontario Teachers', along with Amazon and others, assisted in financing to help the New York Yankees regain ownership control of their regional sports network, the YES Network, resulting in a minority ownership in the network.[11]. HOOPP, with a record $51.6 billion in net assets, ended 2013 … The Public Sector Pension Plans Act requires the Board of Directors to prepare and submit a corporate annual report and financial statements to the Minister of Finance. See our annual reports, responsible investing reports and other publications. Consistent with the fact the vast majority of assets are managed in-house, salaries dominate investment expenses. I also had a brief discussion with OTPP's CEO Ron Mock earlier this … Now, take the time to carefully read the full 2017 Annual Report which is available here. The Government and the teacher Partners are currently engaged in discussion with the Plan regarding the possibility of filing the January 1, 2011 valuation. Read our comprehensive overview of HOOPP's 2018 Annual Results. Take the time to read OTPP's 2018 Annual Report, it's truly excellent and packed with great information. So it explicitly makes its salaries competitive with those organisations. [6] Until then, Ontario teachers' pensions had been sponsored solely by the Ontario government. Part of the series: Accounting Tips. The best-performing state plan returned 7.1 per cent over that decade. Employees in Canada over the age of 18 contribute either to the CPP or to its sister plan, the Quebec Pension Plan (QPP). We pivoted to a digital event offering, introduced podcast series and created a COVID-19 research hub. Annual Reports. OTPP paid a further C$33.1 million in compensation to key personnel, including the chief executive, chief investment officer and critical investment staff. Read our comprehensive overview of HOOPP's 2017 Annual Results. I obviously cannot cover the entire report here but will highlight some key sections. OTPP released its annual report in April and it only covered the 2019 calendar year. In 2016, the average starting pension for an OTPP member was C$45,000, this is a significant improvement from when the fund started, in 1990, when the average starting pension for a teacher in Ontario was C$29,000. As such, we regularly disclose our financial results through annual and quarterly reports. During this Annual Meeting, Governors will hear from Steve McGirr (OTPP Chair) and Jo Taylor (President & CEO) on how the Plan is faring so far during the pandemic. Asset owners from 23 countries are reacting differently to inflation expectations, with almost half already hedging their portfolios but 20 per cent consider inflation is unlikely. Since 1990, Ontario Teachers’ Pension Plan has gone beyond the expected to invest in a better future for our members. The report highlights the OTPP’s leadership role in the area of responsible investing, and outlines the principles and the framework that guides Plan decision-making in this complicated arena. Here to lead. 2017 10 Together View Online. OTPP is 105 per cent funded and has C$180 billion ($138 billion) in assets. The benefit of this youth is a clean sheet of paper to design an organisation that can be fit-for-purpose and capitalise on governance best practice. 2015 For Alberta View Online. Access portfolio reporting and more from PSP Investments. Fiscal 2021. Ontario Teachers' is one of Canada's largest institutional investors, having reported $207.4 billion in net assets on December 31, 2019. Ontario Teachers' is one of Canada's largest institutional investors having reported $207.4 billion in net assets on December 31, 2019. Each employee’s incentive pay is designed around the risk budget and the board approves the active risk allocations, which in turn establish expected annual dollar value-added performance goals each year. In 2016, salaries to staff made up 64 per cent of investment expenses at OTPP – C$290.1 million of a total expense of C$451.2 million, its annual report states. Uncategorized / 2018 Annual Report. Last month, I covered the Caisse and CPPIB's performance updates and stated the following: [..] I typically don't cover CPPIB's quarterly results or la Caisse's mid-year results. HOOPP’s Annual Report provides full details of our financial results. The Healthcare of Ontario Pension Plan (HOOPP) has posted its 2013 Annual Report, Fully Committed, on hoopp.com, detailing a strong year in which the fully funded plan had returns of 8.55 per cent. $94.1. Please don’t hesitate to contact us if you would like to discuss our fundraising practices in more detail: info@ontarioturtle.ca or 705-741-5000. Dreier was attempting to close a sale of forged Ontario Teachers' promissory notes, worth $44.7 million USD, by meeting with the buyers right in the Ontario Teachers' offices. But the point remains; on every measure, OTPP outflanks CalPERS, despite its exorbitant staff compensation bill. (Note: the 2017 OTPP annual report will come out in April). Downloadable PDF Interactive PDF. This list of organizations invested in by Ontario Teachers' Pension Plan provides data on their funding history, investment activities, and acquisition trends. On the January 12, 2004 episode of Rick Mercer Report, comedian Rick Mercer had a short segment about the Ontario Teachers' Pension Plan, in which he humorously contrasted the plan's beneficiaries (i.e. Here we launch our campaigns, and encourage you to be a part of them. 2017 Annual Report. Infrastructure outperformed for Ontario Teachers’ Pension Plan (OTTP) in 2012, returning 8.4 percent to best its 8 percent benchmark index, OTTP said in its annual report. This annual report is very well written, one of the best I've read in years. OTPP celebrates Pride Week, Global Day of Inclusion, and other events. The 2018 Year in Review provides highlights from HOOPP's operations and financial results. A receptionist in the Ontario Teachers' offices had become suspicious and notified Toronto police, who promptly arrested him. English reports. Paying good people good money is, and should be, a key part of an organisation that has 80 per cent of its assets managed in-house. 2019/20 - Annual Report; 2018/19 - Annual Report OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. Our priority is to invest for a better future for Ontario’s teachers. HOOPP Annual Report, Fully Committed, details another strong year for fully funded plan The Healthcare of Ontario Pension Plan (HOOPP) has posted its 2013 Annual Report , Fully Committed, on hoopp.com, detailing a strong year in which the fully funded plan had returns of 8.55 per cent. Fiscal 2020. 2018 Annual Report. 2018 ANNUAL REPORT Our retired members received 100% inflation protection in 2018. Archival copies of HOOPP's past annual reports (in PDF format) are available for the following years: 2018 Annual Report. English reports. Phone: +1-416-408-4626 Toll Free: +1-844-383-4626 SHARE: Investment Management Corporation of Ontario 16 York Street, Suite 2400 Toronto, ON M5J 0E6. CalPERS has only 20 per cent of its portfolio in private equity and real assets, compared with OTPP’s 65 per cent. Share A-A + 100%. 119%. 2018 Annual Report. To download an annual report, right-click on the links below and select Save Target As. Annual Reports OTP Bank's Annual Reports shall be available for downloading as Adobe Acrobat files. OTPP is fully aware that to attract and retain the talent needed to run its portfolio, it must compete with fund managers, banks and insurance companies within Canada and, for some jobs, globally. Please login via linkedin to post a comment, California Public Employees Retirement System (CalPERS). Rate of return. In 2017, total investment expenses for CalPERS were $871.3 million. Depending on the job function, the annual incentive plan (AIP) for executives is a combination of: fund performance, division performance, four-year total fund performance, four-year investment department performance, and individual performance. See our annual reports, responsible investing reports and other publications. In the same year, CIO Bjarne Graven Larsen received C$3,153,728 and CEO Ron Mock earned total compensation of C$4,087,974, making him the highest-paid executive in pension management globally (at least based on what can be gleaned from publicly available information). News Release 1st quarter fiscal 2021 2nd quarter fiscal 2021. The details on their annual meeting - including how to submit a question in advance - can be found on their website at So it is difficult to ascertain the impact of COVID-19 on its investments. You can read the financial statements here. OMERS pension income provides peace of mind. BCI’s 2019 ESG Annual Report provides an in-depth look at our approach to environmental, social, and governance (ESG) matters, our activities, and our progress. Annual Report (PDF) Press Release Media Call Webcast Highlights Video Financials (PDF) Mid-Year 2020. Ontario Teachers' owns and manages a diversified portfolio of Canadian and international assets. Node: corpappprd4.otpp.com About Ontario Teachers' With $204.7 billion in net assets as of June 30, 2020, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. Its investment strategy is built on innovation and a bedrock of strict risk management, with a large allocation to private assets managed directly (65 per cent of the portfolio is in natural resources, real estate, infrastructure and private capital). OTPP key data Assets: C$201bn (€137bn) 80% managed in house 104% funded as of January 2019 Jo Taylor to succeed Ron Mock as CEO from January 2020 Five-year annual return of 8% to end-2018 Annual total fund net return since 1990 of 9.7% 2.5% return in 2018 (6.3% 1H 2019) Ontario Teachers' is headquartered in Toronto, with operations in London, Hong Kong and an office in New York. A Q&A with Ziad Hindo, CIO. Below, highlights from OTPP's 2019 annual results. 2019 Annual Report (PDF) 2018 Annual Report (PDF) 2017 Annual Report (PDF) 2016 Annual Report (PDF) 2015 Annual Report (PDF) … Corporate Annual Report. [13] On December 4, 2008, Dreier was indicted by the United States Justice Department for successfully executing a similar corporate officer 'impersonation' routine, including bluffing his way into using the momentarily vacant CEO's office of one 'selling' firm for a meeting with the buyer, to sell forged financial instruments on at least two occasions in New York.

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