OPB announces 2021 investment performance

TORONTO (May 5, 2022) – Ontario Pension Board (OPB), the administrator of Ontario’s Public Service Pension Plan (PSPP), ended 2021 with an annual investment return of 9.4 per cent net of all pension and investment expenses, improving the Plan’s funded status to 94 per cent (up from 90 per cent in 2020), with reserves of just over $1 billion. Net assets grew to $33.8 billion at year end (up from $31 billion in 2020).

We are pleased with this result in what was another challenging year with the ongoing pandemic. While we continue to expect the market conditions to be more challenging in the years ahead, we believe our long-term strategy is well-positioned to protect the pension promise.

OPB’s Year-in-review site & 2021 Annual Report, including Management’s Discussion & Analysis and Audited Financial Statements will be posted on www.opb.ca after the President of the Treasury Board tables it with the Legislative Assembly.

We will send an e-alert to let our members know when the Year-in-Review site is ready to view.