BCI was established by the Public Sector Pension Plans Act (the Act) in 1999. The Board appoints the CEO/CIO, sets their remuneration, and reviews and monitors their performance. Our Board of Directors oversees BCI’s operations and ensures proper reporting and accountability to our clients. They are not involved in making investment decisions — our CEO/CIO is accountable for all investment decisions.
As BCI clients have long-term obligations and seek a specified rate of return to fund these obligations, we are required to invest their funds to generate the expected returns. When fulfilling this requirement, we adhere to the applicable requirements of the Pension Benefits Standards Act (and other legislation), legal contracts established by our clients, as well as the investment policies and management framework for their specific fund(s) as outlined in a Statement of Investment Policies and Procedures.
