HALIFAX, NS -- Public Service Superannuation Plan Trustee Inc. (PSSPTI) announced today that the Public Service Superannuation Plan (Plan) achieved a positive net return of 5.56% (5.71%, gross of investment fees), exceeding its benchmark by 1.25% and generating $413 million in total investment income in the fiscal year 2021-2022 ending on March 31, 2022.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) announced today that the Public Service Superannuation Plan (Plan) achieved a positive rate of return on investments of 15.75%, net of investment management fees (15.93%, gross of investment management fees), generating $1 billion in total investment income in fiscal year 2020-2021.
The Plan’s funded status increased to 97.6% as at March 31, 2021 from 91.4% the previous year. Plan liabilities were valued at December 31, 2020, with a funded ratio at that date of 97.9%.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) has completed its comprehensive funded-health review (2020 Funded-Health Review) of the Public Service
Superannuation Plan (Plan). The 2020 Funded-Health Review was conducted in accordance with provisions in the Public Service Superannuation Act (PSSA), which mandates PSSPTI to review the Plan’s funded health every 5 years.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) has published the 2018-2019 Public Service Superannuation Plan (Plan) Annual Report.
In fiscal year 2018-2019, the Plan achieved a positive rate of return on investments of 5.33 per cent (gross of investment management expenses), generating $335 million in total investment income. The total net assets for the Plan were approximately $6.5 billion and, as of March 31, 2019, the Plan was 101.9 per cent funded.
Halifax, NS – January 3, 2019 – Nova Scotia Public Service Superannuation Plan Trustee Inc. (PSSPTI) has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) has published the 2017-2018 Public Service Superannuation Plan (Plan) Annual Report.
The Plan’s Annual Report states that, in fiscal 2017-2018, the Plan achieved a positive rate of return on investments of 5.77 per cent (gross of investment management expenses), generating $343 million in total investment income. The total net assets for the Plan were approximately $6.4 billion and, as of March 31, 2018, the Plan was 103.4 per cent funded.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) is pleased to announce that Cape Breton Regional Municipality (CBRM) has transferred its defined benefit pension plan into the Public Service Superannuation Plan (PSSP). This transfer resulted in 1157 new members, including 724 active members, being welcomed to the PSSP.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) is pleased to announce that 44 employees of Halifax Harbour Bridges (HHB) have commenced participation in the Public Service Superannuation Plan (PSSP) effective January 7, 2018.
Growing the PSSP membership to promote long-term financial sustainability is a key strategic focus for PSSPTI.
HALIFAX, NS - Public Service Superannuation Plan Trustee Inc. (PSSPTI) is pleased to announce that the Sherbrooke Restoration Commission has transferred its defined benefit pension plan into the Public Service Superannuation Plan (PSSP) effective May 1, 2017.
The transfer was completed pursuant to the Municipal and Other Authorities Pension Plan Transfer Act (MOAPPTA), which came into force in November of 2016. The Sherbrooke Restoration Commission transaction is the first pension plan transfer completed under the MOAPPTA.
In late 2016, Public Service Superannuation Plan Trustee Inc. (Trustee) commissioned a comprehensive review (Review) of the Public Service Superannuation Plan (Plan), as mandated by Section 47 of the Public Service Superannuation Act (Act).
An independent reviewer (Independent Reviewer) was selected by the Trustee following a robust request-for-proposals process. The Independent Reviewer, jointly comprised of Blake, Cassels & Graydon LLP, Pink Larkin LLP, and Eckler Ltd., has now delivered its written report (Report) to the Trustee.