Benefits briefs

Nice moves • Health-care cost headaches • Older workers need not apply
By
|Canadian HR Reporter|Last Updated: 09/04/2003

Nice moves

Toronto

— Sound investment strategies have generated a $6.8 billion surplus for the Ontario Teachers’ Pension Plan. The plan was underfunded in 1990 when an independent board took over investment. Last year, the total investment return was 9.3 per cent, achieved by diverting funds from technology stocks last April and moving more into bonds, real estate and other assets. The surplus will allow more members to retire as early as 50.

Health-care cost headaches

Brookfield, Wis.