Pension Committee Report – August 2015

Chair – Harpinder Sandhu BCIMC the company that oversees investments for B.C. public sector pension plans as well as other government funds issued a recent report. A decision to shift investments into global stock markets paid off last year for BCIMC which earned a...

Pension Report – June 2015

Chair – Harpinder Sandhu This June I attended my first Public Service Pension Plan board meeting this was a steep learning curve as the first meeting had approximately 900 pages of material to review prior to the meeting. The next meeting is scheduled for September...

Pension Report – April 2015

Chair – Harpinder Sandhu The new responsibility of the Pension Plan Board of Trustees has provided education opportunities for myself, and greater insight for my union and the Board. The initial month has added a tremendous number of meetings and training dates....

Pension Report – March 2015

Chair – Harpinder Sandhu Newly announced: Following the latest actuarial valuation, the Public Service Pension Plan is fully funded, therefore there will be no contribution increase. The main reasons for the improvement is due to investment returns higher than...

Pension Report – January 2015

Chair – Harpinder Sandhu The good news for this month is the announcement by the Public Service Pension Plan that there will be no increase to the contribution rate for the 2015 fiscal year. The detailed pension adjustments for members will be available in late...

Pension Report – November 2014

Chair – Harpinder Sandhu A new plan rule for members moving between most public safety roles and general public service roles ensures that public safety employees. This includes BC Ambulance Service paramedics in CUPE 873 remain eligible for the early retirement...