Pension Envy
August 26, 2013
John Lorinc
Ontario teachers have the world’s best-performing retirement fund. Is it a model for the rest of us?
Retirement came as a surprise—a pleasant surprise,” muses Vic Genova as he moves around the kitchen of his rambling Toronto home one chilly evening, preparing chai. “I knew it was coming, but I didn’t think about it.” He was having lunch in his school’s staff room one day when a colleague mentioned, almost in passing, that he would soon be eligible to start collecting his retirement savings, which are invested, managed, and disbursed by the mighty Ontario Teachers’ Pension Plan (OTPP), currently ranked the world’s best performing retirement fund.
