HALIFAX, NS – October 13, 2023 - Today the Nova Scotia Government introduced, the Private Sector Pension Plan Transfer Act, within the Financial Measures (Fall 2023) Act, along with some related amendments to the Public Service Superannuation Act itself, to enable private sector pension plans to transfer into the Public Service Superannuation Plan (PSSP or Plan).
HALIFAX, NS -- Public Service Superannuation Plan Trustee Inc. (PSSPTI) announced today that the Public Service Superannuation Plan (Plan) achieved a positive net return of 3.45% exceeding its benchmark of 2.99% and generating $260 million in total investment income in the fiscal year 2022-2023 ending on March 31, 2023.
On June 1, 2023, the Government of Nova Scotia reported that the personal information it holds on file for some Nova Scotians was taken as part of a global security breach through a file transfer service called MOVEit. This system allows information to move efficiently within government and to outside partners.
View the full 2022 PSSP Review Report and determinations here. Review Report and determinations.
Your Fall 2022 PSSP newsletter is now available.
Click here to download.
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.