Ontario Teachers' Pension Plan gets lower rate of return in 2016: Reuters

The Ontario Teachers' Pension Plan's rate of return dropped to 4.2 percent last year from 13 percent in 2015 due to unfavorable currency movements, Reuters reported. The results still exceeded a benchmark target of 3.5 percent for the fund, Canada's third-biggest public pension plan. The plan, which administers pensions for working and retired teachers in Canada's most populous province, said its net assets grew to $175.6 billion at the end of 2016 from $171.4 billion a year earlier.

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