How your WISE Trust pension is funded

Similar to other defined benefit pension plans, your WISE Trust pension is funded through member contributions, employer contributions, and investment returns. You will find more information below about each of the parts that make up your pension.
What's on this page
  • How your pension is funded
  • Member contributions
  • Employer contributions
  • Investment returns

Member contributions

Your pension is worth more than the contributions you make. The amount you contribute is based on the contribution rates in effect and your pensionable earnings. Your contributions are calculated based on the following formula:
(A)
per cent of pensionable earnings below the YMPE
(B)
per cent of pensionable earnings above the YMPE
Learn more about your contribution formula and rates >

Employer contributions

Your employer also makes contributions to your pension. As of July 1, 2021, your employer contributes about 18.2% of pensionable earnings or about $2.57 for every dollar contributed by members. As time goes on, 50/50 cost-sharing will be reached in the interest of maintaining a sustainable pension plan together.

WSIB Ontario
Infrastructure Health & Safety Association
Workplace Safety & Prevention Services
Public Services Health & Safety Association
Workplace Safety North
WISE Trust

Investment returns

The pension you receive for the rest of your life is much more than your total contributions. Most members receive their contributions back in the form of pension payments within 4 to 5 years into retirement.

Who manages the pension fund investments?

Assets of the WISE Trust are invested by a team of investment professionals at the Investment Management Corporation of Ontario (IMCO) in accordance with the WISE Trust’s target asset mix and Statement of Investment Policies and Procedures.

IMCO was created to serve Ontario’s public-sector. Managing $70 billion of assets, including $3.8 billion of assets held by WISE Trust as of December 31, 2020, IMCO operates independently of government and is guided by a highly experienced and professional board of directors.

Investment approach

The current asset allocation WISE Trust targets is:

Target asset allocation

How'd we do?

WISE Trust’s Highlights for Members provides an overview on our financial results. Read the Highlights >

Keep reading: About the Plan

What you should know about your WISE Trust pension.

The advantages of a defined benefit plan

Find out why a defined benefit plan is better for you.
Advantages

How a defined benefit plan works

Learn how your WISE Trust pension works and what that means to you.
How my plan works
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