The Staff Pension Plan is a target benefit plan with fixed contributions from both the University and Plan members.
The Plan is invested in a variety of asset classes through external investment managers (PDF).
Asset Mix
Updated to September 2019
| Asset Class | Actual | Long Term Policy |
|---|---|---|
| Cash & Cash Equivalents | 0.9% | 1.0% |
| Long Term Fixed Income | 26.2% | 19.0% |
| Real Return Bonds | 2.9% | 0.0% |
| Infrastructure Debt | 10.0% | 10.0% |
| Mortgages | 3.8% | 5.0% |
| TOTAL FIXED INCOME | 43.8% | 35.0% |
| Canadian Equities | 7.9% | 7.5% |
| Global Equities | 16.1% | 15.0% |
| Emerging Equities | 7.7% | 7.5% |
| TOTAL EQUITIES | 31.7% | 30.0% |
| Private Debt | 0.3% | 7.5% |
| Private Equity | 3.1% | 5.0% |
| Real Estate | 9.1% | 10.0% |
| Infrastructure Equity | 12.0% | 12.5% |
| TOTAL ALTERNATIVES | 24.4% | 35.0% |
Investment Returns (Net, Annualized) to September 30, 2019
| 1 Year | 4 Year | 10 Year | |
|---|---|---|---|
| Staff Pension Plan | 10.31% | 7.90% | 8.56% |