About us

Who are we?

Ontario Pension Board (OPB) is the administrator of the Public Service Pension Plan, a major defined benefit pension plan, sponsored by the Government of Ontario. Our membership is comprised of certain employees of the provincial government and its agencies, boards, and commissions.

With over $36 billion in assets and 100,000 active, deferred, and retired members and survivors, the PSPP is one of Canada’s largest pension plans. It’s also one of the country’s oldest pension plans that has been delivering a guaranteed pension since the early 1920s.

Who do we serve?

• We serve active PSPP members as well as deferred and retired members and employers; and
• We also serve other key stakeholders (the Plan Sponsor, bargaining agents).

What is the PSPP?

The PSPP is a contributory defined benefit pension plan that provides a member with a guaranteed lifetime pension income once they retire. To help fund the pension in their working years, both the member and their employer make contributions to the Plan.

The amount the member receives once they retire is based on a pre-set formula that takes into account their earning history and years of pension credit in the Plan.

Our Mission

Advise & Protect for the future of the PSPP and its stakeholders.

Our Purpose

Reassuring things happen when we look after each other and work together in common cause.

Over the course of their working lives, our public-servant clients support strong and sustainable communities across Ontario. We understand the importance of helping others build toward a strong and sustainable future.

Through our Advise & Protect mission, we assist our clients to effectively plan for a retirement with security and dignity – a retirement in which they can thrive and continue contributing to their communities. Our team of diverse professionals supports every stage of our clients’ careers, ensuring the pensions they have earned are protected along the way through strategic and prudent fiscal oversight.

Our commitment is to be there.

There for life.

Our Vision

OPB is a premier pension delivery organization and a trusted advisor to all our stakeholders, whose effectiveness delivers sustainability for the PSPP.

Our Strategy

Client Focused. Future Ready. Our Path to 2035: OPB’s new long-term Strategic Plan

Our new Strategic Plan is a comprehensive guide to 2035, created through collaboration with our stakeholders, employees, and our members. The plan is divided into three horizons to help us manage our aspirational goals, so they’re achievable, actionable measures.

To learn more about these horizons, the objectives that we’ll be focusing on over the next few years, and the development of the Strategic Plan, please read ‘ Our Strategic Plan .’ 

Our Values

Our Values are the foundation of who we are — they guide how we work, how we make decisions, and how we serve our clients and each other. They reflect what matters most: acting with integrity, delivering value, putting people first, and protecting a resilient and trusted pension plan. By living these Values every day, we shape our culture and create the future we want — one built on trust, clarity, and meaningful impact.

Accountability 

We own our commitments, act with integrity, and deliver results.  

Client-Centric

We deliver exceptional service and protect the pension promise.  

Efficiency 

We drive value cost-effectively.

Inclusion

We respect each other and draw strength from diversity.

Innovation

We foster growth and curiosity. 

What is our promise to you?

Our promise is to use innovative solutions and strategies to:

• protect your retirement savings by ensuring the long-term sustainability of the Plan;
• invest the Plan’s assets to maximize returns within acceptable risk limits;
• maintain contribution levels to be stable and affordable; and
• deliver superior, cost-effective service to our clients and stakeholders.