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Public Service Pension Plan 2014 Actuarial Report

02/26/2015

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.

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PDF icon bcpvn 2014.pdf481.19 KB