Pension shortfall deepens for Ontario teachers' fund

-- The Ontario Teachers' Pension Plan reported a 17.1 per cent return for 2005 on Thursday, even as it acknowledged that it is slipping even further behind in its ability to make payments to future retirees.

The fund, which has more than $96 billion in assets, said it made $14.1 billion from investments in 2005. The 17.1 per cent return is solidly above the 12.7 per cent increase in the benchmark indexes the fund tracks for comparison purposes.

Yet despite its enviable returns for last year, Teachers' continues to fall behind in its future ability to pay pensions to its members. --


Full Story @ CBC News from March 16, 2006