Canada Post Pension Plan 2017 year-end results
A message from Wayne Cheeseman, Chief Financial Officer
The Defined Benefit component of the Canada Post Pension Plan recorded a rate of return of 10.4 per cent in 2017, and the Plan's net investment assets reached nearly $25 billion.
Later this month, we will send you the Canada Post Pension Plan 2017 Report to Members. It will provide you with full information about the Plan's performance, investments and services to members, as well as an update on the funded status of the Plan. It will also be posted under Publications.
The current estimate of the Plan’s financial position as at December 31, 2017 is a going-concern surplus of $2.9 billion and a solvency deficit to be funded
of $6.4 billion1.
The pension fund continues to benefit from a prudent investment strategy and responsible administration. Its active management of the Plan added $417 million in value above the benchmark in 2017.
Final year-end results for the Plan will be filed with the Office of the Superintendent of Financial Institutions (OSFI) and the Canada Revenue Agency (CRA), our pension regulators, by the end of June.
1. The solvency deficit when using market value of Plan assets is estimated at $5.8 billion.