OPTrust

OPTrust
Company typePrivate
IndustryPension fund
Founded1994
HeadquartersToronto, Ontario, Canada
Area served
Province of Ontario
Key people
Peter Lindley (President and CEO)[1]
Total assetsOver $25 billion CAD (2022)
Websitewww.optrust.com

OPTrust, officially the OPSEU Pension Trust,[2] is a legal trust formed by the contractual agreement between the two plan sponsors, Ontario Public Service Employees Union (OPSEU) and the Government of Ontario.[3] It manages one of Canada's largest pension funds and administers the OPSEU Pension Plan.[4] It is responsible for investing the plan's assets to support the cost of members' and retirees' pension benefits. It manages the fund for OPSEU members who are employed by the Government of Ontario and certain agencies, boards and commissions.

OPSEU negotiated the creation of OPTrust, giving Ontario Public Service (OPS) members and pensioners a say in their pension plan through joint trusteeship.[5]

It is subject to the rules and regulations governing pension plans in Ontario and Canada, including the Pension Benefits Act (Ontario) and the Income Tax Act (Canada).[6][7]

  1. ^ "OPTrust hires Hugh O'Reilly as new CEO". Canadian Venture Capital & Private Equity Association. Retrieved 2015-08-22.
  2. ^ "Company Overview of The OPSEU Pension Trust". Bloomberg Business. Retrieved 2016-02-09.
  3. ^ "Ontario Public Service Employees' Union Pension Act, 1994, S.O. 1994, c. 17, s. 143, Sched". Government of Ontario. 24 July 2014. Retrieved 2015-08-22.
  4. ^ "Top 100 Pension Funds" (PDF). Benefits Canada. 2015-06-17. Retrieved 2015-08-22.
  5. ^ "OPSEU history 1980s-1990s". Ontario Public Service Employees Union. Retrieved 2015-10-13.
  6. ^ "Pension Benefits Act, R.S.O. 1990, c. P.8". Government of Ontario. 24 July 2014. Retrieved 2015-08-22.
  7. ^ "The Income Tax Act, SA 1932, c. 5". Alberta Law Collection. Retrieved 2013-03-18.[permanent dead link‍]