Ontario Teachers Pension Plan
With $87.4 billion in net assets at December 31, 2008, the Ontario Teachersâ€™ Pension Plan (Teachersâ€™) is the largest single-profession pension plan in Canada. An independent corporation, it invests the pension fundâ€™s assets and administers the pensions of 284,000 active and retired teachers in Ontario.
A pension plan has existed for Ontario teachers since 1917. Today, the planâ€™s members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. The plan has one of Canadaâ€™s largest payrolls with $4.2 billion in benefits paid to plan members, and $2.3 billion received in total contributions from teachers and the provincial government in 2008.
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