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In The News: Teachers Pension Fund Gains, But Misses Benchmark

As reported in The Globe And Mail, the Teachers Pension Fund underperformed its 10.7-per-cent benchmark by more than two full percentage points. During the pandemic, the bond-heavy portfolio provided a 8.6-per-cent return for the calendar year.

A benchmark is a target.

OTPP, the Ontario Teachers’ Pension Plan strives to achieve a 10.7% annual return. They missed it by 2.1%.

But, 8.6% return is still good and sufficient to allow the fund to pay pensions to teachers as promised.

Have questions about this news? Call me at 1-888-554-6661.

 

BRUCE YOUNGBLUD, CFP, CIM
President of Pension Solutions Canada

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