Pension Plans

We provide investment services to 11 public sector pension plans. This is our largest client group and makes up 85.0 per cent1 of the assets we manage. BCI is one of Canada’s largest institutional investors and the work that we do goes a long way to securing the pensions of more than 583,000 plan members. Our largest pension plan clients include:

 

The Municipal Pension Plan has over 320,000 active, inactive and retired members in BC. Members come from a variety of sectors across the province, including health, municipalities and school districts. This is the sixth-largest defined benefit pension plan in Canada.

The Public Service Pension Plan serves over 122,000 active, inactive and retired members in BC’s public sector. This is the seventh-largest defined benefit pension plan in Canada.

The Teachers’ Pension Plan has almost 96,000 active, inactive and retired members from all school districts across BC. This is the ninth-largest defined benefit pension plan in Canada.

The College Pension Plan includes over 27,000 active, inactive and retired members from most of the publicly funded post-secondary institutions in BC.

The BC Hydro Pension Plan is a single-employer plan that serves eligible employees for BC Hydro. The plan has over 13,000 members.

The WorkSafeBC Pension Plan is a single-employer plan that serves eligible employees of WorkSafeBC. The plan has over 5,500 active, inactive and retired members.

1 as per our 2017-2018 Corporate Annual Report

Government Bodies

Government bodies account for 13.0 per cent2 of our managed assets. Government bodies typically have very short-term investment horizons. We manage these assets in accordance with their investment horizons and minimal market risk.

2 as per our 2017-2018 Corporate Annual Report

Public Trusts

Publicly administered trust funds comprise 1.5 per cent3 of our managed assets. Our publicly-administered trust fund clients have a range of return expectations. Some emphasize capital protection, while others give importance to short-term performance or liquidity. Investment decisions are customized to suit the needs and payment obligations of each client.

3 as per our 2017-2018 Corporate Annual Report

Sinking & Government Operating Funds

These funds encompass accounts from various government ministries and are covered by a memorandum of understanding with the Province. They primarily hold fixed income securities.