Celebrating 30 years of the Ontario Pension Board

A Message from Mark Fuller President & CEO

This year we celebrate important milestones for both the Public Service Pension Plan (PSPP) and Ontario Pension Board (OPB). 2020 marks the 100th anniversary of the PSPP and the 30th anniversary of the founding of OPB.

The PSPP was established in 1920 and for 100 years has been providing retirement security for Ontario’s Public Service employees as well as for employees of Agencies, Boards and Commissions of the Province of Ontario. In 1990, OPB was established to take over the administration of the PSPP and to invest the funds in a manner that secures the long-term sustainability of the PSPP.

We’ve come a long way since OPB was established. Today, the PSPP has grown to over $28 billion in assets, with over 90,000 active, retired and deferred members. We provide online services as well as access to our Certified Financial Planners® to support our active and retired members in making informed and excellent decisions about their pensions. Online services and easy access to information on our website is important, as our members live and work in communities all over Ontario. They are also critical to our retired members. While many have retired and live in Ontario, others choose to live their retirement abroad. In fact, we have retired members living in over 50 countries.

As OPB’s President and CEO, I’m very proud of the work we’ve done to ensure that our members’ retirement remains secure, and that, as a retired member, you can continue to count on us to deliver a high level of service to you.

Our commitment to excellence extends well beyond the services we offer our clients. It encompasses the prudent management of our investments, ensuring that we are investing in a way that supports the promised benefits and the long-term sustainability of the PSPP.

We remain committed to continuing to seek out ways to provide you with innovative cost-effective services, including expanding our commitment to improving the financial and retirement literacy of our members, retired members, and other stakeholders.

We believe this is critically important to us all as we enter the next era of our stewardship of the PSPP, and we could not do it without the support and trust of our active members, retired members, and other stakeholders, including the Plan Sponsor – the Government of Ontario.

We are honoured to be part of delivering pensions to Ontario’s Public Servants and look forward to continuing to deliver the pension promise in the years to come.