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War In Ukraine

March 9, 2022

TTCPP statement on Russian Holdings

In response to the invasion of Ukraine and the ensuing humanitarian crises, TTC Pension Fund Society (TTC Pension Plan) will take immediate steps to divest all Russian holdings.

This decision is based on TTC Pension Plan’s view of the social and economic risks with continued investment in Russian companies. We have a fiduciary obligation to our members to act in their best interests. We believe this decision aligns with our investment objectives, policies and prudent investment of capital. As of March 1, 2022 these holdings represent approximately 0.24% of the $8 billion in total plan assets.

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