About OPTrust

With assets of $16 billion, the OPSEU Pension Trust (OPTrust) invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with more than 84,000 members and retirees.

OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets, through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.

OPTrust is subject to federal and Ontario laws and regulations governing registered pension plans. As the plan administrator, our role is to prudently invest and manage the Plan’s assets, ensure that members and retirees receive the pension benefits to which they are entitled, and provide them with the finest service and communications.

History

The OPSEU Pension Trust officially began operating on January 1, 1995. The Board of Trustees of the OPSEU Pension Plan Trust Fund administers the OPSEU Pension Plan and is responsible for investing the Plan's assets to support the cost of members' and retirees' pension benefits.

The OPSEU Pension Plan was created to provide members and pensioners with a say in their pension plan through joint trusteeship. The Plan is jointly sponsored by the Government of Ontario and the Ontario Public Service Employees Union (OPSEU). OPTrust is a legal trust that was formed by an agreement between the sponsors and exists at arm's length from both OPSEU and the Government.

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In this BLOG we will look at pensions and their impact on what are called Public Private Partnerships or P3’s.  IT will also deal with other pension matters, such as Defined Contribution Plans (DC) vs Defined Benefit (DB) PLANS, the weakness in private plans, the need for pension reform in public pensions to have shareholder rights, directorships and ethical investment directives and policies.