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Ontario Pension Board
Ontario Pension Board (OPB) administers the Public Service Pension Plan. The Government of Ontario sponsors this defined benefit plan for employees of the...
Ontario Pension Board
Ontario Pension Board (OPB) administers the Public Service Pension Plan. The Government of Ontario sponsors this defined benefit plan for employees of the provincial government and its agencies, boards, and commissions. Established in the early 1920s, OPB manages billions in assets for over 100,000 members as one of Canada’s largest and oldest pension plans.
General information
Firm type
Pension Fund
Year founded
1990
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
200 King Street West Suite 2200, Toronto, Ontario, Canada
Sector focus
Frequently asked questions
Who manages investments at Ontario Pension Board?
Investment Management Corporation of Ontario (IMCO) serves as the primary investment manager under a mandate that began in 2017. OPB retains policy and oversight responsibility.
Does Ontario Pension Board invest directly or through funds?
The board participates in both direct co-investments and fund commitments. Real estate assets are often held through joint ventures with Cadillac Fairview and KingSett Capital.
What asset classes receive the largest allocations?
Public equities represent 22.9 percent of assets. Private equity stands at 14.85 percent with a 12.5 percent target. Real estate forms a significant portion of the remainder.
Which regions does Ontario Pension Board target for investments?
Core holdings concentrate in Canada. Additional exposure exists in the United States, Sweden and Australia through IMCO-managed vehicles.
How is Ontario Pension Board governed relative to its plan sponsor?
The Government of Ontario acts as plan sponsor. OPB operates as an independent administrator with its own board and staff.
Does Ontario Pension Board maintain external service providers beyond IMCO?
Osler Hoskin & Harcourt provides legal counsel. KPMG and the Auditor General of Ontario perform audit functions. Morningstar DBRS supplies credit ratings.
What recent member events has Ontario Pension Board hosted?
January 2024 webinars addressed PSPP features, beneficiary naming and pre-retirement planning. The board also sponsors financial literacy workshops across Ontario.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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