OPTrust, a Canadian pension firm, sent executives to Washington to meet with experts in an effort to promote and explain the Canadian pension model. In a time when many American pension systems are beginning to feel financial weight, OPTrust saw it fit to send in experts to hopefully help alleviate some American pension issues.
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“We’ve come here for two main reasons: to build and deepen relationships in the U.S. over the long term and to talk about the benefits of the Canadian model of pension plans,” said Hugh O’Reilly, […] president and chief executive officer of OPTrust.
“As U.S. policymakers begin to focus more on pensions and retirement security, there seems to be significant interest in learning about the Canadian approach, including on Capitol Hill,” O’Reilly added, after meeting with Senate officials.
On Tuesday OPTrust met with pension experts at the Brookings Institute as well as senior officials at the Inter-American Development Bank, the World Bank and International Monetary Fund. On Thursday, they met with Ontario’s representative in Washington, The American Federation of Labor and Congress of Industrial Organizations, in addition to Senate briefings of the finance and the health, education, labour and pensions committees.
OPTrust hopes that the visit will not only help to promote the Canadian pension model, but that it will also strengthen relationships between the two countries.