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HALIFAX, NS -- Public Service Superannuation Plan Trustee Inc. (PSSPTI) announced today that the Public Service Superannuation Plan (Plan) achieved a positive net return of 7.93 per cent, which generated $595 million in total investment income for the fiscal year 2023-2024. This performance exceeded the actuarial assumed rate of return of 5.75 per cent but fell short of the policy benchmark of 9.96 per cent.
We urge you to review your Statement carefully as it includes important information about the pension that you have accumulated as at December 31, 2023.
Please contact us if you do not receive your Statement, or if you notice any incorrect or missing information.
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.