TORONTO — Ontario Teachers’ Pension Plan says it earned a total return of 9.7 per cent last year, bringing its net assets to $189.5 billion.
The plan said it was 105 per cent funded as of Jan. 1 — the fifth year in a row that it has been fully funded.
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The returns for the year topped the fund’s benchmark of 8.2 per cent for 2017.
Investment returns provide more than three-quarters of the plan’s funding, with the remainder provided by the Ontario government and contributions of working plan members.
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The pension fund reported annualized five-year total net returns of 9.6 per cent and annualized 10-year total net returns of 7.6 per cent.
The OTPP serves Ontario’s 323,000 active and retired teachers.
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