They also nailed their timing in getting out of oil and gas - just in time for the sector at large to see a face-ripping rally and some of the best cashflows in any industry.

Most fund managers would be fired, or quit, but because it's Green(TM), it was fine and good.

https://www.thestar.com/business/2021/09/28/canadas-oil-indu...

The take away for all Canadians (the CPP is just as bad) is that these pension funds are just one more tax. You will be paid out, just nowhere near commensurate with what you put in.

And that's even before the comical "inflation" adjustments and the intentional lack of currency hedge.