The Plan is 101% funded.
The main reasons for the improvement in the funded position of the plan between 2011 and 2014 are:
- higher-than-assumed investment returns, and
- increases to member salaries that were lower than the actuary’s long-term assumption.
These reasons were offset in part by changes in the actuary’s demographic assumptions (e.g. Mortality Rates / Longevity) .
The full valuation report is available at pspp.pensionsbc.ca, under News.
|bcpvn 2014.pdf||481.19 KB|