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.
The Annual Report also highlights the PSSPTI’s membership growth initiative that aims to grow the Plan’s membership to improve its aging demographic profile. “Since it was first implemented in 2015, this membership growth initiative has expanded the PSSP membership by almost 1700 active members and 700 retirees,” stated PSSPTI Chair, Ronald Smith. “Our guiding principle for membership growth is that it must enhance the long-term sustainability of the Plan and be cost neutral to the Plan and its existing members.”
The full 2017-2018 PSSP Annual Report, as well as its audited financial statements, are available online at:
For more information, contact:
Senior Communications Advisor
Conseillère principale en communication
Nova Scotia Pension Services Corporation
Société des services de pension de la Nouvelle-Écosse
P: 902-429-6432 | firstname.lastname@example.org | www.novascotiapension.ca