The Ontario Teachers’ Pension Plan is an independent corporation responsible for investing the fund’s assets and administering the pensions of Ontario’s 163,000 elementary and secondary school teachers and 101,000 retired teachers.The plan had net assets of $96 billion at December 31, 2005 and a long-term rate of return of 11.7% per year since 1990.The Government of Ontario and Ontario Teachers’ Federation, the plan’s co-sponsors, are responsible for ensuring the pension plan is fully funded and for setting plan benefit and contribution levels. The plan sponsors also appoint Teachers’ board of directors, with equal representation from the two sponsors.
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