OPTrust, Toronto, achieved an investment return of a net 11.2% for the total fund in 2019, according to its annual funded status report released Monday.
OPTrust, which manages the assets of the C$22 billion ($16.8 billion) Ontario Public Service Employees' Union Pension Plan, Toronto, lowered its real discount rate to 3.1%, net of inflation, from 3.15% in 2018.
The plan remained fully funded in 2019, marking the 11th consecutive year it has done so, the funded status report said.
Additionally, its 10-year average annual net investment return for the period ended Dec. 31 was 8.2%.
OPTrust Select, the new defined benefit plan from OPTrust, began enrolling participants last year and, as of Dec. 31, had 28 new employers join, representing 930 potential new plan participants, said a Monday news release from OPTrust.
"For OPTrust, retirement by design really means two things," Peter Lindley, president and CEO, said in the news release.
"It's the way in which we invest for the long-term interests of our members, as well as the increased availability of defined benefit pensions through the launch of OPTrust Select," Mr Lindley said. "This offering is designed specifically for the non-profit, charitable and broader public sectors — groups that have not traditionally had access to the security and stability of defined benefit pensions."