CANADA - The future pension benefits of the Ontario Teachers' Pension Plan (OTPP) are now 77% funded, down from 84% in 2005, despite delivering an annual investment return of 17.2%.
According to the fund the 7% drop is based on a preliminary actuarial valuation as at 1 January 2006. The plan sponsors must file a funding valuation with pension regulators in 2006 that includes a...
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