# The Pension Plan for the Non-Executives of Teva Canada Limited

The Pension Plan for the Non-Executives of Teva Canada Limited is a Pension Fund based in Toronto, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Toronto, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** tevacanada.com
- **LinkedIn:** https://www.linkedin.com/company/tevacanada

## Regulatory record

- **Reports private funds:** No

## About

Created in 2000, the plan serves the non-executive employees of Teva Canada Limited, the Canadian subsidiary of the global generic pharmaceuticals giant Teva Pharmaceutical Industries. The plan is structured as a single-employer defined benefit pension, a structure that obligates the sponsor to fund promised benefits irrespective of investment performance. Its existence is tied directly to the operational footprint of Teva's Canadian manufacturing and distribution network, which centers on Toronto. The fund's investment strategy is not publicly documented, but its characteristics — a closed participant base of non-executive workers, a mature liability profile, and Canadian regulatory oversight — point toward an allocation concentrated in fixed-income and liability-hedging assets. Canadian defined-benefit plans of this vintage typically hold a mix of government and corporate bonds, real estate, and public equities. Specific holdings are undisclosed. The geographic focus is presumed to be predominantly Canadian, aligned with the plan's liability currency and the regulatory framework of the Ontario Pension Benefits Act. Team size and assets under management are not publicly reported. As a captive corporate plan, investment management and administration may be outsourced to external consultants and actuarial firms, a common practice among mid-sized Canadian single-employer plans. There are no known affiliated foundations, club memberships, or co-investment vehicles adjacent to the plan. The plan's defining structural feature is its limitation to non-executive employees, making it a negotiated benefit for a defined labor segment rather than an executive pension top-up or deferred-compensation vehicle. Its investment posture is inherently conservative and liability-focused, with no mandate to generate surplus beyond what is required to meet promised benefits under the evolving solvency framework of the Ontario Pension Benefits Act.

## Questions

### What is the legal structure of the Teva Canada Non-Executive Pension Plan?

It is a single-employer defined benefit pension plan governed by the Ontario Pension Benefits Act. The plan sponsor is Teva Canada Limited, the Canadian operating arm of Teva Pharmaceutical Industries. As a defined benefit plan, the employer bears the investment and actuarial risk to ensure promised benefits are fully funded.

### What is Teva Canada Limited's relationship to the global Teva group?

Teva Canada Limited is a wholly owned subsidiary of Teva Pharmaceutical Industries, an Israeli-headquartered multinational that ranks among the world's largest generic drug manufacturers. The Canadian entity handles domestic manufacturing, marketing, and distribution of generic and branded medications, with facilities concentrated in the Greater Toronto Area.

### Is this plan open to new participants?

Plan participant status is not publicly confirmed. Given the plan's 2000 inception and Teva's subsequent corporate restructuring, it is possible the plan is closed to new entrants and accumulating assets solely to defease existing liabilities for its defined non-executive membership.

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Last updated: 2026-06-03T20:00:00.000Z

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