Just to clarify some things - for most of his career Mr. Peck would have paid 8% of his salary into his pension plan and that amount would be matched by the Province of Ontario.  In more recent years those amounts have gone up to about 11-13% of his salary.  That money was invested through the years by the Ontario Teachers' Pension Plan (not the Teachers Union of Ontario) and they have earned very good returns.  To say he paid a pittance into the plan is not correct, he and the province shared the cost and rewards of his pension 50-50.  Well done Mr. Peck and enjoy your retirement.