Why Canada’s Teachers Run an Investment Firm in Singapore

[@OntarioTrafficMan]

Today we learned that the tasks in Jet Lag were actually just a clever way to produce in-house stock footage

[@TheDiggster13]

Why pay a stock footage service when you can just hire staff to make stock footage! Hai just reading their own videos as advice

[@cicada.and.pomegranate]

"Turns out we didn't have to buy stock footage" -JLTG S4E5

[@iamthestig1]

@@TheDiggster13 Well, it's not like he has the budget of a Canadian teachers' pension fund...

[@johnscarceforpresident1647]

@@iamthestig1 well, it’s not like you got the joke either😭😭😭

[@Cloudy_Paul2]

This channel manages to find niche subjects and make everyone know about them in such a clean way.

[@CalvinJary]

The IQ points put into getting Ontario teachers more money is WAY higher than the IQ that was ever put into teaching me, an Ontario student. Guess who never taught me how to do my taxes, invest, or start a business? Ontario teachers. They did force me to learn tons of Shakespeare though

[@milaandahiya]

I'm guessing his attention was brought to Ontario Teacher's Pension from being in the news recently from their recent investment in FTX.

[@FitzChivalryFarseer2]

Which is the only awful thing about the channel. Needs more expressive language at least

[@strawberriesandcum]

But the topics are only half as interesting:(

[@tonysoviet3692]

Most pension funds function like this, except the US (which explains why pensions are being eroded since they can only invest in "vanilla" stuff like bonds and Treasuries). That's the gripe I have with Scandanavian countries since they claim to be very environmentally friendly but all of their pensions received funding from oil and gas while also investing in the same stuff.

[@ReidFoose]

I guess it might seem weird for non-Canadians but for business grads pension plans is the most prestigious job you can get. They essentially get the top person from every class.

[@NHLFrenzy]

In my experience too students will go to MBB Consulting, BB Ibanking, PE, first. Pension funds are still a great career though

[@acchaladka]

Yeah that's not true. (Me MBA, Canadian school)

[@reambraden]

As a Canadian who went to a top school - no. Everyone wants MBB consulting, Investment banking or more recently, tech. Working for OTPP is low on the list.

[@ReidFoose]

@@reambraden I mean I went to Queen’s commerce and know where my classmates went to work.

[@ConReese]

​@@ReidFoose yeah but that's queens LOL

[@Picobits]

Always wondered why Eurostar was part-owned by Canadian Teachers, I thought that was so weird

[@scbtripwire]

Free field trips! 😉

[@A_Canadian_In_Poland]

And also part-owned by the Province of Quebec.

[@NeostormXLMAX]

Canadian teachers hold a huge amount of power

[@whatthepick]

Cause Teacher Cartels are cool :D (Got to fund that Magic Schoolbus of Mrs.Frizzle) Beep Beep

[@_ernie]

Yet Canada itself can’t get any decent rail 😢

[@andrewvermey2366]

I grew up on a farm in southern Ontario and the teachers pension plan buys up farmland as soon as it goes on the market, artificially inflating the price of land. It’s almost impossible to become a farmer, you have to be born as a farmer and inherit the land these days.

[@Ale-bj7nd]

Almost everything is going in this direction sadly. Housing, land, cars... And in most of the world

[@goldkat99]

Oh just like the US then?

[@jukees3658]

@@Ale-bj7nd You will own nothing. And you will be happy.

[@AgusSpeicys]

@@Ale-bj7nd Cars has nothing to do with Land and Housing bro, defo agree on the two latter tho

[@tanner4farm236]

I’m a farmer from Northern Alberta and the OTPP also owns farmland around where I live

[@iamjamieq]

The OTPP used to own the Toronto Maple Leafs for nearly two decades. It was speculated that the Leafs were more profitable if they made it to the playoffs and then lost instead of winning the Stanley Cup, and the OTPP was doing what they could to make that happen. But the teachers sold the team in 2012, and the Leafs haven't won a playoff series since then. So... myth busted?

[@rebeccafridaylover]

Rogers and Bell owns them now. Myth not busted.

[@Homer-OJ-Simpson]

" It was speculated that the Leafs were more profitable if they made it to the playoffs and then lost instead of winning the Stanley Cup" This makes no sense to me. How are they more profitable not winning?

[@181cameron]

@@Homer-OJ-Simpson Leafs fans will buy more merchandise, burn it, then buy it again when the team promises (again) that "This is going to be the year they win."

[@huntersmith3888]

@HomerOJSimpson they're not. It's just salty Leafs fans desperately trying to come to terms with their lack of playoff success for the past 5 decades.

[@iamjamieq]

@@Homer-OJ-Simpson I wish I could find the magazine articles I read. One was from around 2007, and the other from about 2012, but both made the case fairly well. Something about perpetually being "the year" instead of it happening and fans being content for a while. The speculation was that personnel decisions were made to hamper chances in the playoffs. But as I mentioned before, the team has made as many poor choices and lost as much since the OTPP sold the team. So either the current owner is doing the same, or the Leafs just can't make it to a championship.

[@II__argo__II]

being an ontarian, I already knew about most of this but this was still a great video. it's certainly an interesting case study

[@rederik99]

The wild thing is that they don't even get paid that well when they're still working. Weird.

[@karanmohie]

So do the teachers get paid good amount of pension?

[@123string4]

@@rederik99 Ontario teachers are some of the highest paid in the world, what are you talking about?

[@linkspeaks]

being an Ontarian with several family members in the teaching profession, I knew very much about this, and am still surprised by how much the OTPP actually owns

[@TDRE88]

@@123string4 that just means the rest of the world is underpaid for something that’s very important

[@CerealKiIIer]

Fun fact: Quebec Pension Fund holds 13% of Heathrow Airport.

[@shawa666]

The Caisse more than a mere pension fund. It also manages the public car insurer 's reserves and a sovereign fund in the same vein as Norway's.

[@adrncl]

People think Quebec separating is the issue when in reality it’s Quebec playing the reverse Uno card and taking over England piece by piece.

[@guenthermichaels5303]

Canada Pension Plan owns complete airports in Europe and ports. They own 100% Ports America, the biggest Ship cargo handler in US.

[@kappastudio4595]

@@shawa666 yeah the caisse is owned by many govermnent owned social services like the Retraite Quebec and even the CNESST

[@grassytramtracks]

​@@guenthermichaels5303indeed, one of them my local airport, Bristol

[@somethingsomething404]

I found out about the OTP when FTX lost some of their money. I’m from Ontario so I found it hilarious that my grade school teachers retirement money somehow funded an adderall fuelled orgy in the Bahamas

[@investintocore3519]

Lol

[@kazzxtrismus]

check those union rep accounts......its slowly coming out FTX was a fraud laundering scheme

[@totobogos]

Actually this "Canadian model" for pension funds is largely to be credited to Quebec's pension fund (CDPQ) and its subsidiaries. It was founded 25 years earlier than the OTPP in 1965 and established the same direct investment strategy. Today it's even larger than the OTPP (second only to the federal government pension fund) and has massive investments in global infrastructure, from Heathrow airport to the Eurostar and Australia's electricity grid.

[@frozen-curmudgeon]

So because it originated in Quebec its not "Canadian?"

[@totobogos]

Hm no that’s not quite my point; rather I mean that if there was a pension fund to credit with creating the model under which multiple Canadian pension funds are ran it would be the CDPQ, not the OTPP. Actually I wonder why the video is not about the CDPQ as it shares basically all the same characteristics as the OTPP, is even bigger and has even more potential for clickbaity title (offices in multiple cities in the world, investments in well known infrastructure like Heathrow or Dubai port, absurdly large real estate portfolio worldwide, multimillionaire CEO etc…) and has some juicy tidbits of corruption scandals; great content 😅

[@rogink]

That's interesting. Here in the UK we hear a lot about the Ontario fund - actually I'd assumed it part owned Heathrow, but perhaps it's Gatwick (London's second airport). I'm not sure what they do own, but it feels like any major infrastructure will have some OTPF investment!

[@Tttb95]

@@rogink Its London City (LCY)

[@totobogos]

@@roginkerhaps it’s a bit of a collateral of Ontario just being overall better known than Quebec in the Anglosphere, as well as Ontarian investment groups having pretty significant history in London, eg. the Canary Wharf development by Olympia and York.

[@great_icosahedron]

I love how he just randomly tells us more of the random stuff they own throughout the video

[@Wavetune]

If only all pension funds were ran responsibly - too many suffer from underfunding, this is a great example of success

[@gabriellelilly]

Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

[@IcECreAm-sv2qv]

Underfunding? How many more billions do they need 😂

[@FullOfMalarky]

You also need to remove the mob in many cases

[@michaelmccarthy4615]

Or like Californias pension plans, which are huge, they have self imposed restrictions on the types of investments they can make….

[@christhecurler]

Many other public pension plans in the province are funded by a higher ratio, but are not as successful. Managing their own plan independently from the employer was the smartest thing they've ever done.

[@commanderscythe8571]

My mother is an Ontario teacher and she watched this and laughed

[@NigelMelanisticSmith]

How come? I hear that despite the pension's profitability, Ontario teachers aren't outside very well.

[@linkspeaks]

So's mine (retired) but I've definitely thought about becoming a teacher like her just because of the pension plan

[@stanvincent4302]

Are the teachers in Ontario payed enough or low? Or do they just get stable pensions ?

[@linkspeaks]

@@stanvincent4302 I mean, they're paid fine. The ultimate goal is to reach retirement when that full benefits pension kicks in

[@sampilcher7196]

@@stanvincent4302teachers in Ontario get some of the BEST wages in the province. There’s none that I know personally that are under the 100k a year mark.

[@F35Nerd]

Watching Jet Lag has taught me so much about Ben and Adam's personality that I can tell who wrote the video based on the topic. For example, I could tell that Adam wrote this video because of his ability to take something like this topic (or even a jet lag strategy) and make it seem fun and interesting but also very informative to the audience .

[@ricequackers]

Whenever I do any research on a company I'd like to invest in, the OTPP keeps cropping up as a major shareholder in just about everything. Same goes for the Norges Bank which is Norway's fabulously wealthy sovereign wealth fund. Some of these institutional investors are really quite interesting.

[@youdontknow4264]

The Norwegian sovereign fund to day has invested in 9 338 companies and in 70 different countries. On average, the fund holds 1.3 percent of all of the world's listed companies

[@KNR90]

This is only for one province though. Not all Canadian teachers. Alberta teachers have been fucked completely by far right premiers

[@lzh4950]

Meanwhile instead of pensions Singapore makes its citizens & PRs save up 20% of their incomes for retirement (unless your annual income is below a certain level) while your employer has to chip in to too - 16% of your salary (thus some employers might be biased & may prefer hiring foreigners instead of locals since they don't have to do such chipping in for them). These savings are then invested by the gov't's investment companies/SWFs Temasek Holdings & GIC too, which came in the spotlight when they lost ~2% of their portfolio when FTX collapsed, or when they were the ones pressuring StanChart to retrench staff after their profit dropped ard 5 yrs ago

[@HonestlyThor]

Just to be super clear - depending on the exchange rate - Ron Mock made $5.6 million in Canadian dollars. As of this comment, that's about $4.1 million US. Which is still a far cry from $283,000 US, but.

[@graygraygraygraygraygray]

Probably also worth mentioning la caisse de dépôt et placement! It’s the Québec equivalent, with also equally massive holdings.

[@ulyssesvaughan464]

It’s even bigger actually, since it also manages the funds of all Quebecois who contribute to the compulsary pension (QPP) as well as government employees pensions.

[@Wavetune]

When a pension fund invests better than most proper hedge funds…

[@gabriellelilly]

Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

[@janedoeYT]

@@pokestarsbrawlclips You may have a point. The long-term nature/focus of the fund may naturally lead to better absolute returns over time than those that have to deal with short-term withdrawals and volatility, like... most "pools" of money.

[@FastSloth87]

They invested in FTX tho.

[@NeostormXLMAX]

They just lost millions in ftx Lmao

[@givepassword]

@@NeostormXLMAX So? A lot of people did, it's not like anyone could have seen it coming. FTX was 0.05% of their total assets, they lost almost nothing.

[@joshmansker]

I'm a teacher in Ontario. Love this. Just shared it with my colleagues.

[@sangokudbz79]

1:11 actually no they would not, the employer would just keep it

[@MichaelSteeves]

Probably use it for executive bonuses.

[@ConnorSmithFilmsHD]

I'm also sure that the OTPP are the parent company of Camelot which runs the UK's National Lottery. Seems like they have investments everywhere...

[@rc2884]

It's crazy to put into perspective that the Ontario Teacher's Pension Plan has more money and pull than some countries. I remember that everyone would gun for a co-op position there when the postings went live on my uni's job portal.

[@hassanali-ys7qn]

which coop?

[@armaanbraich67]

@@hassanali-ys7qn i applied there recently for a software engineering internship but they probably have a lot especially in business

[@johncam8420]

Screw OTTPP for not hiring anyone I know (including me) LOL

[@cd5433]

Ontario teachers actually worked with blackstone many times if you read the book king of capital. So they did pay fees and did link up with private equity when they weren’t directly buying into the investment themselves and were putting money into one of the blackstone funds.

[@DaRadicalCavy]

Fun Fact: Manchester Council in England, United Kingdom own major shares in many of the UK's largest Airports. Manchester and East Midlands (largest cargo in UK) included.

[@jasonhaven7170]

Good, local infrastructure should be owned by local governments, like Transport for London

[@nadirg6055]

Yikes for the mancssss 🙌🏻🇬🇧

[@grassytramtracks]

I think Stansted as well, not Bristol though, that's controlled by the Ontario Teacher's pension plan

[@abhaynag5891]

As a guy from karnataka, it blows my mind how the roads that I travel in are managed by this teachers' pension fund

[@WillJackDo]

Wait which roads?

[@urooj09]

They even fund a lot of startups.i think they invested in Flipkart and others

[@harisadu8998]

Yes, Canadian Pension Plans invest a lot in India.

[@edpatel6929]

Owned, not managed.

[@lukenukem1207]

I went to school in Ontario. Despite only working 10 months a year and raising families so many of my teachers retired in their early fifties. It’s great to see a pension perform so well for good, contributing people.

[@IanYS]

I'm Singaporean and I can confirm that they can indeed go bungee jumping whenever they want. Very important

[@erebos8260]

The railway/ train service to Stockholm-Arlanda Airport in Sweden is partially owned by Australian pension funds

[@coastaku1954]

Finally a video on the Ontario Teacher's Pension Plan~! I was shocked when I found out how much they owned and invested in

[@rickyrickstan563]

0:13 that desalination plant has been out of use for years

[@DreadGecko]

While teachers in some states may not be paid well, the average teacher in Ontario makes roughly 40% more than the national average while getting a good chuck of the summer off. So, they are well paid and they have the best of the best in terms of pension and benefits. So, you don't need to feel bad for the teachers in Ontario. They get paid well enough.

[@joe_z]

I don't know anyone who feels bad for Ontario teachers - mostly I know about teachers in American states who envy them.

[@billpetersen298]

Haha, the summer off? Add up all the other holidays, stat holidays, professional days, sick days, and paid benefits. Who needs a salary?

[@Pharoah2]

@@joe_z in Canada teachers were riding that wave and telling students they were underfunded lol

[@mthomas1443]

Teachers DO not get paid during the summer. Salary is divided into 12 months. I don’t know why ppl think teachers would get paid to do nothing. You have to be more intelligent than this lol. Meaning they get paid less during the year out of their yearly salary so they can get paid during the summer. It is not extra money. If you want that, just ask your boss lol. It’s the same amount of money though you just make it stretch.

[@jonathanandrew2909]

@@mthomas1443 but they’re still paid 70, 80, 90+k a year with 1/3rd if the year off.

[@KellyPKramer]

About 20 years ago in calgary I did plumbing in a couple of warehouses built by Remington developments. Both were sold to the OTPP. In some cases they buy before building in completed and get a reduced purchase.

[@kevintaras1456]

"they can go bungie jumping whenever they want, that's the first key part of the Canadian model" - Half as Interesting

[@linkspeaks]

As soon as you mentioned the OTPP I was like, oh....right, this video has been a long time coming

[@yobb1n544]

As a former student in Ontario I find this so funny for some reason

[@WesNishi]

Other pension plans in Canada like HOOPP (health care employees in Ontario) were "forced" to pay higher benefits because Canada's tax rules state if funding exceeds 125% of liabilities (funding ratio), they must decrease contributions or increase benefits. Even national pension plans like CPP act similarly and have done extremely well. The last actuarial report says it is funded for at least 75 years. The CPP Investmentd is set up arms-length from.the government. Compare this to the Social Security Trust Fund, and you can see why the Canadian model is great.

[@d.mort.]

This really explains how my Father’s pension (Ontario teachers) had somehow taken a small stake in FTX😂 I was so confused hearing that. But knowing it’s an independent entity it makes more sense.

[@matthewwilkes6162]

They own my local airport, one of my favourite bits of trivia.

[@brianbarker2551]

Teachers as they call it is huge, like friggin huge. They've had a consistent rate of return of 10 to 12% for the last few years.

[@stuartjames1862]

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

[@danieljamal3709]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@veramonique1724]

Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

[@stuartjames1862]

Who’s the person guiding you

[@veramonique1724]

credits to *MARTHA ALONSO HARA* , one of the best portfolio managers out there. she's well known, you should look her up

[@stuartjames1862]

I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@MaryOlson7]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@MaryOlson7]

@AustinWalker67 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@MaryOlson7]

@AustinWalker67 I will give this a look, thanks a bunch for sharing.

[@Patricia-Margaret]

@@MaryOlson7 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@pereJobs]

Employer contributions are employer contributions. If the employer didn't pay that money for the pension, it would go the shareholders, because that's how companies work.

[@Hage86]

I had to rewind that part because I couldn't believe he actually just said that. That surely was one of the dumbing things ever said on this channel, and it certainly didn't sound sarcastic

[@TheOwenMajor]

@@Hage86 Half as interesting has a moronic socalist streak to him. Funny, because he's making a ton of money just reading wikipeadia articals and hiring foregin anamators.

[@ChasmChaos]

On the contrary, the employer is forced to pay the employer contribution and hence they make up that amount from reduced wages (sending that money to the shareholders). That's how companies work. Which is why the employer contributions are in fact employee contributions.

[@TheOwenMajor]

@@ChasmChaos lol, you have such a naive childish understanding of the market it is hilarious. So according to you if the employers didn't have to contribute... They would just send that money to their employees? How nice of them.

[@ChasmChaos]

@@TheOwenMajor that's not what I said. In a nutshell, they aren't going to pay. If they are forced to pay through a mandatory contribution, they'll silently reduce the actual salary of the employee. Whatever is going in to the pension is entirely by the employee. It's just marketing to pretend the employer is also contributing.

[@abandonshipify]

I actually work for a company owned by them, it's weird and kinda neat to see this!

[@jaydirt316]

As a teacher from Ontario who will benefit this, we are very cool with this model.

[@about7grams]

i'll take that challenge. get me permission by the building owner and the county legislature to dismantle and eat the Toronto Eaton Center and i will attempt it. i will Eaton the entire thing. your move HAI, your move.

[@sblack53]

The City of Toronto, and Cadillac Fairview, would never go for it.

[@reidhowes333]

They also own and run one of the three biggest alcohol brands in Toronto: Wine Rack which is always in good supply of Jackson Triggs and Inniskillion which are both owned by, you guessed it, the OTPP (They bought Constellation Brands Canada who runs these brands)

[@dav007k]

The Irish National lottery is owned by Ontarios Teachers Pension Fund

[@cmul7651]

They also own the company that runs the UK national lottery

[@AkshayJinjala-z4m]

This is soo true They hired us to move their headquarters in Toronto from 4 floors in a rundown building to 10 Floors in a brand new TD tower (downtown) and they spent close to 400k in just moving table + the other furniture and fancy IT equipments. This was in 2024 Damn they huge

[@alexanderdimitar7154]

Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio.

[@gagnepaingilly]

It is recommended to seek the assistance of a finamcial advisior or broker to diversify your invstment portfoliio through the inclusion of commodities, inflation-indexed bonds, and stocks of financially stable companies, rather than relying solely on growth stocks with uncertain future earnings.

[@smithmurphy]

@@gagnepaingilly Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisior, before I started seeing any significant results happens in my portfolio, been using the same advisior and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@glenbert1396]

@@smithmurphy True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

[@smithmurphy]

@@glenbert1396 A counselor is required for portfolio diversification. "Jill Marie Carroll, my advisor, is easily found and has extensive knowledge of the financial markets.

[@glenbert1396]

@@smithmurphy Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financiially.

[@DOPES4MAGA]

This was interesting but only half as interesting as Wendover videos and Jet Lag The Game.

[@kaiwut]

0:27 Thanks whoever wrote the captions

[@jacktattersall9457]

This is what the Quebec CDPQ (which manages pension funds for Quebec) and Canadian federal CPP (public pension fund for all Canadians not in Quebec) and the PSP pension fund for federal public sector employees do with deductions from peoples salaries to pay their pensions. Unlike US social security, government pension deductions (CPP contributions) are not spent on today's retirees as much as invested to pay you back your pension in the future. The interesting thing is when they use the money locally. For example, a new light metro in Montreal called the REM is being funded and delivered by CDPQ's infrastructure arm CDPQ Infra, which will be repaid by the regional public transport authority ARTM based on how many passenger-kilometres are carried on the system. This repayment will then be a stable source of income to pay future Quebec retirees.

[@ClairvoyantTruth]

Video accidentaly includes Toronto's Old City Hall in the Eaton Centre area. The red dot is directly on the Old City Hall (0:01). Eaton's Center is the rest.

[@kman87675700]

I live in Ontario. We pay our teachers a lot (they routine clear $100k for 9 months of work) and they have an insanely sweet package which is hwy for every working teacher there is 10 graduating teacher college. Now, you'd think this would result in amazing teachers....you would be wrong.

[@bps9651]

Your right but it also takes a decade to get to 100k and it’s 10 months of work as stay late to dismantle and they go back before school starts to setup classrooms. 100k a year isn’t much for 4 years of schooling as most fields of work with that level of education are mostly in the 200k range.

[@kman87675700]

"@bps9651 When you factor in the hours worked and all the benefits, teachers in Ontario are getting an amazing deal. If this weren't the case, there wouldn't be 10 people graduating from teachers' college for every available position. Want to know how effective these teachers are? Look at how many kids in the province can actually speak any French. Kids are taught French from grades 4 to 8, at a time when learning languages is easiest (childhood). Yet, not one kid can speak it by the time they reach high school.

[@JarrodBaniqued]

They also own a large stake in the Channel Tunnel itself. (As for the passenger trains, they’re owned by Quebec’s public pension plan, the French and Belgian national rail companies, and a private equity firm in Pittsburgh.)

[@DougGrinbergs]

Related, Canadian Pension Plan in Globe and Mail: "In 2015, CPPIB formed Denver-based Crestone Peak Resources, spent ~US$600-million to buy 51,000 acres of producing oil and gas wells and drill sites in Colorado from Calgary-based Encana"

[@davebushmediadesign]

I wonder if they invested in companies who produce stock footage.

[@okekeikechukwu8548]

I'm also a proud beneficiary! I've built my portfolio massively and still building. Started with a KZbin referral just like this and a few thousands. I'm way up to the profits now..

[@faithuni2086]

When someone is straight forward people will always talk about her, thanks for talking about Amanda Martin services here

[@floraodakpo6565]

Having monitored my portfolio performance, Alicia has made me a jaw dropping $370k from just the past two quarters alone. I have learned why these experienced traders make enormous returns from the seemingly unknown market

[@totallyreyalfactsfsfs]

​@@floraodakpo6565 who tf are you guys trying to tell old gullible people to get scammed from? Amanda or Alicia?

[@SKAOG21]

0:51 HAHA, the business model is a win for everyone, roads get built without horrible amounts of debt.

[@guilhermetavares4705]

This pension fund also has investments in water and sewerage companies here in Brazil.

[@ZontarDow]

The Canadian Model was created by the Quebec Pension Plan

[@shawa666]

Canadian banks in the 60' Sure, Mr. Lesage, we'll manage your employee's pensions fund. But We'll overcharge you because you're a pea soup. Parizeau: D'la marde on est capables de faire ça tout seul.

[@DanielHowarth00]

The OTPP also loves Sydney toll roads as well, dropping a few billion in to our most recent project... There's nothing in this country that the pension industry doesn't have a hand in

[@piuthemagicman]

well, canadian pention investment > any chinese investment

[@MrBemaster]

4:45 unless you're in New Brunswick 😐

[@zenosfire]

As an Ontarian, I personally love this model. Keeps the changing of governments out of the equation, and the money in the hands of the teachers (eventually). And it's kind of a really neat soft power move for the country.

[@OfficialMichaelL]

As someone who lives in Ontario this question where my tax dollars go

[@thumbliner]

What you marked as Toronto Eaton Centre is the old city hall.

[@sharrpshooter1]

That last line hits like a truck my god

[@YoungGandalf2325]

If they like to buy infrastructure, I know of a bridge in Brooklyn they might be interested in...

[@gabriellelilly]

Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

[@Ross-cecil]

damn, the closed captions bypassed your censorship of the spoiler for jetlag

[@beckycrump8831]

The portion of the pension paid by the employer isn't really paid by employee money. If the employer didn't pay it ,they would keep it for profits or put it back into the company. The employee wages are determined by what each job makes in other companies.

[@mouthegg]

Nice little cameos from Ben and Adam 😻

[@victorcastropalavicino4434]

OTPP has a major ownership over one of the largest electrical distribution companies here in Chile. Sadly it wa not in the video.

[@jakebyday]

My grandma is a board member for OPTrust, another big pension in Ontario. It’s crazy when she talks about all the assets it owns.

[@babygates]

3:04 correction. There is no question in the title that you cleverly enticed us into watching this video with.

[@thebobagamer806]

when I saw the ben screwing up in jetlag bit, i immediately scrolled to the comments and lo and behold, video written by adam chase

[@SomeStaleBread]

as a dude in Sydney who just had a glass of water, I'm glad I could do my bit to help old Canadian people

[@harveyts3]

Employer contributions do not affect the maximum amount that can be contributed to 401k in the US. If your employer did a 1:1 natch up to the maximum amount you could contribute, you could save double the money each year toward retirement. The distinction between how money is handled for tax purposes and how the cap of contribution is administered makes the difference worth making. Just saying that dollar for dollar that money is worth more then if the employer gave it to you as pay.

[@gregtomamichel973]

I live in rural Victoria, Australia and lots of our local farms are owned by Canadian pension funds.

[@chriskonya1964]

I found out about them when I heard they owned my local airport here in the UK

[@tanzihang5413]

My friend just explained the Singaporian state pension system called CPF. Also its Singaporean not Singaporian

[@lolmartsecurity8936]

This reminds me of when I discovered the airport I worked at was wholly owned by the Ontario Teacher's Pension Plan - they're pretty terrible bosses

[@NeostormXLMAX]

Terrible teachers as well if you look up the ratings.

[@grassytramtracks]

And I also discovered my local airport, Bristol is owned by them. Made me wonder: "why does a pension plan for teachers on another continent own a fairly random, albeit decently significant airport in the UK?"

[@Diego-pc4rc]

They also run most of the malls in Ontario and many in the rest of canada

[@inzanozulu]

Your bringing up how the long-term returns of things like infrastructure align with the pension fund's long term payout makes me think of it as a natural fit to implement in a certain elsewhere so we can actually have trains

[@trucksarenoisy]

you bleeped the ben part but the subtitles aren't removed lol

[@connormc711]

Is this the same teachers pension that lost a ton of money in ftx

[@stingray8934]

That last line about doing their job for them went hard

[@joaquimneto5617]

Trying to guess whether the sponsor was express vpn or nord npv was quite fun, but the blue graphics gave it away

[@gabriellelilly]

Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

[@gabriellelilly]

Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

[@another505]

Ontario teacher here!! Sadly, i wont able to get a pension since i dont think i can stay in this backbreaking field till i get retirement

[@Justicehillmusic]

They also own the parking in chicago which is super corrupt

[@humblehooligan]

"Employer contribution" is not "Employee contribution" since corporations are greedy, they wouldn't give the money to employees, but rather do stock buybacks or whatever they do. When employees join a new company, the employer contribution would be on top of the salary that the employee worked to negotiate on.

[@Aezur20]

They also own the Irish national lottery, which is a pretty weird fact when ya think about it.

[@christophersteele5709]

I have beef with Ontario. I grew up in Michigan along the St Clair river. They never set off fireworks on their freedom day but they always showed up on the fourth of July. I mean at least return the favor every other year. Don't free load off our freedom!

[@Theguywhoasked001]

Ah yes "freedom" in a country that no longer can count as a true democracy due to lobbying

[@shutupimgod8268]

Because Canada isn’t free? 😂

[@bryce1361]

As someone from Ontario I have never heard of a silent Canada Day.... There's always a bunch of fireworks. Also we don't really have a "freedom day" but rather Canada Day which celebrates when Canada became one nation (instead of a bunch of territories)

[@nade7242]

@@bryce1361 that's what he means, in the US some people just call all independence/country formed holidays freedom day lol, I do sometimes too

[@letthetunesflow]

Uhhh we set off fireworks all the time on July 1st… Maybe you are just unfortunate enough to not be in view of where they are set off… Also people set off fireworks outside cities all the time, and illegally inside most cities 😂. Most city parks/green spaces have people illegally setting of fire works and not only on July 1st, but new years and other holidays… So I really have no idea what you are on about, other than you might just live in a very. Unfortunate spot and your view just doesn’t include areas people often set off fireworks… Fellow Canadians back me up here! It is true though that we set off far fewer, and most big displays are in the centre of our cities or at a popular park. I live in a place where during a certain festival type event that lasts about 1-2 weeks, a huge fireworks display is set off every night, culminating in an even more massive display on the final night. There is even a fireworks festival where competing fireworks companies from around the world compete for the best display! So yes! We should totally step up our fireworks game, that I totally agree with you on, but to say we don’t set off fireworks on July 1st or other holidays/events, is just not true! Are you sure you live right on the border? 😂

[@AdamPiper]

Ontario Teachers also own the pine cone looking tourist Lookout in NYC.

[@morkovija]

Moonlight movie had amazing soundtrack. highly recommend

[@andersonrusnell3102]

I heard somewhere that the Ontario Teachers Pension Plan invested in FTX, not sure if that was/istrue

[@ehhthing]

The OTPP definitely has crypto investments, yes.

[@revcrussell]

I read that too. But they are so large that the loss is not consequential.

[@bitcoinisfreedommoney.fckt2663]

100% true but wasn’t a huge amount for the Fund

[@rc2884]

yep, it ended up being a $95 million write-off, but that's a drop in the bucket compared to the $240 billion in funds they manage

[@revaddict]

I work at the Eaton Center, in a Pension company, that also manages Pensions for Canadian colleges and is not the OTPP.. 😂

[@pontus_qwerty]

So what we learnt is that we still don't know why they choose Singapore.

[@jfwfreo]

The obvious question is, if this works so well, why haven't more pension funds (e.g. those in the US) copied the model? Laws that limit how pension funds operate? Laws (e.g. tax etc) that make doing it less profitable than in the places like Canada where it is done? Pension funds being more risk averse in these other countries? (i.e. wanting to stick to safe investments like government bonds from places like the US or shares in big strong companies that aren't likely to go bust anytime soon rather than riskier investments)

[@kevc5532]

Some employer contribution is actually government rather than employee- in the form of tax breaks

[@The2wanderers]

It works when it works, but the key is political independence. Alberta and Quebec have also gone the route of having inhouse management, but have investing goals tinged by political imperatives. ("Invest in the local economy, buy my donor's failing oil company, etc.) The result is underperformance.