Did You Know?

Since 1990, the Teachers' pension plan has achieved an annualized investment return of 10%.

In 2012, the average retirement age was 59.

The number of pensioners has more than tripled since 1990.

A typical member retiring today can expect to collect a pension for 31 years, 11 years longer than in 1970.

In 2012, the pension plan paid $2 billion more in pensions than it collected in contributions. Investment income made up the difference.

The government matches total annual pension contributions from members working in publicly funded schools.

A funding shortfall can occur when a pension fund is earning lots of money if the cost of future pensions grows faster than projected plan assets.

The Teachers' pension plan must ensure it has enough funds in the long term to meet its benefit obligations to all members.

At the end of 2012, the Teachers' pension plan had 107 pensioners over 100 years old.

There are 1.5 working teachers for each retiree in the plan.

58 per cent of pensioners are under age 70.

The plan's 10-year total investment return to the end of 2011 is the highest among global funds studied by CEM Benchmarking Inc., a leading authority on pension fund performance.