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BC Pension Corporation is one of the largest pension plan administrative agents in Canada with assets in excess of CA$123.6 billion. [1] [2] Created in 2000 with the passage of the Public Sector Pension Plans Act, the corporation provides pension administration services on behalf of British Columbia's College, Municipal, Public Service, Teachers', and WorkSafeBC pension plans for each of their ...
Canada Pension Plan; CDPQ Infra; L. Local Authorities Pension Plan; O. OMERS; Ontario Pension Board; Ontario Retirement Pension Plan; Ontario Teachers' Pension Plan;
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns. Traditionally, many governmental ...
May 15, 2024; Columbus, Ohio, USA; The State Teachers Retirement System of Ohio, the state's second largest public pension fund, oversees about $90 billion invested on behalf of 500,000 teachers ...
Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a registered retirement savings plan). [1] As of June 30, 2024, CPP Investments (CPPI) manages over C$646 billion in investment assets for the Canada Pension Plan on behalf of 22 million Canadians ...
The age at which plan members can start drawing money from a private pension plan depends on the terms of the plan. Generally, members must be retired or have reached a certain age (typically 55 or 60) in order to start receiving pension payments. Plan members may also be able to withdraw funds from their plan before retirement in certain ...
Since 1992, contract negotiations for BC public school teachers have been on a province-wide basis, negotiating a single contract with the British Columbia Public School Employers' Association (BCPSEA). Since that time, each contract has been legislated into law by the government of the day because the teachers and the employers have failed to ...
BCI was modeled after other Canadian pension plan investment managers such as Caisse de dépôt et placement du Québec. [2] [3] [4] In July 2016, BCI formed QuadReal Property Group to manage real estate investments. This was in line with other Canadian pension plan investment managers which also had their own real estate investment arms. [5] [6]