Ontario Teachers' Pension Plan Board

Ministry

Education

URL

www.otpp.com

Address

5650 YONGE STREET
TORONTO
M2M4H5

Phone

(416) 228-5900; 1-877-812-7989

Fax

(416) 730-5349

Background

Teachers' Pension Act, RSO 1990, C. T.1, S. 6 (opens a new window)

Function

As of January 1, 1992, the Board is administered under the partnership agreement between the Minister and the Ontario Teachers' Federation. The Board administers the pension plan, manages the pension fund and advises the Minister and the executive of the Ontario Teachers' Federation on matters relating to the plan and the fund.

Membership

The Board will have a maximum of eleven members. The partners will each appoint five members and the eleventh member will be the chair. The chair is selected jointly by the partners, six months prior to the expiry of the present chair's term of office.

Qualifications

1.    Governance experience: proven corporate Board of Director experience along with expertise in governance and a demonstrated understanding of the line between management, directors and stakeholders.
2.    Organizational leadership: experience overseeing a large and diverse organization. 
3.    C-Suite experience: preferably in an investment management/capital markets/financial services context.
4.    Financial expertise: a general understanding of accounting principles and financial statements, experience in preparing or auditing financial systems, knowledge of accounting, accruals and reserves as well as an understanding of internal accounting principals and committees. 
5.    Risk management: knowledge of or experience in the forecasting and evaluation of financial risks. 
6.    Public/private capital market knowledge: an understanding of global capital markets and alternative investments opportunities. 
7.    Economics experience: experience working in a field of economics utilizing economic principals. 
8.    Stakeholder management and public education: experience engaging with clients or associates. Understanding of Ontario’s publicly funded education system.
9.    Understanding of HR/Compensation: knowledge of talent management/organizational design and compensation.
10.    Knowledge of information technology: knowledge or use of secure systems for storing, retrieving and the transfer of private information. 
11.    Global investment: demonstrated knowledge of international investment and investment strategies.
12.    Gender/cultural diversity.

Term

All board members are appointed for two (2) year terms and can serve up to a maximum of four (4) consecutive terms. The chair is appointed for a two (2) year term and can serve up to a maximum of four (4) consecutive terms, in excess of any terms served as a board member. If no appointment is made at the end of the chair's term then he/she will continue in office until an appointment is made. If the chair cannot complete his/her term of office, then the Minister and the Ontario Teachers' Federation will select a new chair. The new chair will serve for the unexpired term of office.

Meetings

The Board meets approximately two days a month.

Remuneration

Appointees to the Ontario Teachers’ Pension Plan Board are paid from the pension fund.

Appointments & Vacancies