OMERS reports 6.7% return on investments for Ontario public sector workers

TORONTO - The OMERS pension fund is reporting a 6.7 per cent net return last year on the investments it manages for municipal and other public-sector workers across Ontario.

See Full Article

OMERS says its assets grew by $5 billion last year after expenses to about $77 billion, with 52 per cent in public investments and 48 per cent in private investments.

Returns for its private investments -- including shares of private companies, infrastructure and real estate -- outperformed public investments last year.

OMERS says its public investments earned 0.7 per cent while the private investments gained 14.5 per cent in 2015.

It also received $3.8 billion in contributions from plan members and employers, and paid out $3.4 billion in benefits.

The fund administrator says the results exceeded its long-term funding requirement for a 6.5 per cent annual return. Its funded status improved to 91.5 per cent from 90.8 per cent in 2014.



Advertisements

Latest Economic News

  • Bankrupt MF Global settles with PwC for undisclosed amount

    Economic CTV News
    NEW YORK -- Bankrupt brokerage MF Global, run by former New Jersey Governor Jon Corzine, has reached a settlement with its former accounting firm, PwC, ending a potentially multibillion dollar dispute between the companies. Terms of the settlement were not disclosed. Source
  • Number of people receiving EI shrank in January

    Economic CBC News
    Slightly fewer Canadians received employment insurance benefits in the first month of 2017, with the number of beneficiaries down 0.3 per cent from December's level. A total of 567,900 people received EI benefits in January, up 3.7 per cent compared to the same month a year earlier. Source
  • Sunwing defends 6-hour break between flights for pilot who returned to duty drunk

    Economic CBC News
    Sunwing Airlines is defending its scheduling in a case where a pilot showed up for the second flight of his 11-hour shift so drunk that he appeared to fall asleep in the captain's chair. But a pilots' group says the scheduling practice raises concerns. Source
  • Think-tank proposes Canada-U.S. swap for NAFTA

    Economic CTV News
    WASHINGTON - The most common uses of Canadian dairy normally include milk, cream, yogurt, butter and cheese. Yet a new report suggests an altogether different purpose for the calcium-packed, bovine treat. The idea - use it as a bargaining chip. Source
  • Asian stocks tick up as Wall Street steadies

    Economic CTV News
    TOKYO - Shares were modestly higher Thursday in Asia after Wall Street steadied overnight. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether for Donald Trump's administration to deliver on campaign promises. Source
  • Stocks mixed ahead of U.S. vote seen as Trump bellwether

    Economic CTV News
    TOKYO -- Global stocks were mixed Thursday, as investors awaited a vote in the U.S. Congress on health care legislation that is seen as a bellwether for President Donald Trump's ability to deliver on campaign promises of tax and regulatory reforms. Source
  • Google's YouTube losing major advertisers upset with videos

    Economic CTV News
    SAN FRANCISCO -- AT&T, Verizon and several other major advertisers are suspending their marketing campaigns on Google's YouTube site after discovering their brands have been appearing alongside videos promoting terrorism and other unsavoury subjects. The spreading boycott confronts Google with a challenge that threatens to cost it hundreds of millions of dollars. Source
  • Husky spill in southwest Alberta estimated at 25,000 litres; cleanup going well

    Economic CTV News
    CALGARY -- Husky Energy says about 25,000 litres of crude oil leaked from one of its pipelines in southwestern Alberta last week. Spokesman Mel Duvall said in an email to The Canadian Press that cleanup at the site at Cox Hill Creek west of Bragg Creek is progressing well. Source
  • Budget 2017: Hello Uber tax, goodbye Canada Savings Bonds

    Economic CBC News
    Consumer tax changes in Wednesday's federal budget will add to the cost of Uber rides while ending a public-transit credit. Those are just two of several Liberal government moves that will hit pocketbooks directly, though modestly. Source
  • Trump's SEC pick, a lawyer for Goldman, to face skepticism

    Economic CTV News
    WASHINGTON -- Goldman Sachs may be about to get another friend in Washington. Jay Clayton, a well-connected Wall Street lawyer who is President Donald Trump's pick to lead the Securities and Exchange Commission, is sure to face sharp questions from Democrats at his confirmation hearing Thursday over his years of work for Goldman and other financial giants. Source