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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 ...
The BCGEU first gained full bargaining rights under the BC Public Service Labour Relations Act in 1974. [11] Since then the BCGEU has been involved in a number of precedent-setting legal cases, including BCGEU v. British Columbia on picketing rights under the Charter of Rights and Freedoms and the Meiorin case on the test for discrimination.
British Columbia Investment Management Corporation which uses the trade name BCI, is a Canadian company established by way of the 1999 Public Sector Pension Plans Act to provide investment services to British Columbia’s public sector pensions plans. It invests in multiple asset classes which are in both
The British Columbia Investment Management Corp is actively working to sell Russian securities after Russia's invasion of Ukraine, the Canadian province's public sector pension fund said on Tuesday.
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
PSP Investments was incorporated as a Crown corporation under the Public Sector Pension Investment Board Act in 1999. The investments will fund retirement benefits under the Plans for service after April 1, 2000, for the Public Service, Canadian Armed Forces, Royal Canadian Mounted Police, and after March 1, 2007, for the Reserve Force.
Private pension plans are subjected to various regulations among the provinces and territories, and must be registered with the authorities. Defined benefit plans guarantee a specific retirement benefit to plan members, based on a formula that takes into account factors such as the member's years of service and earnings history.
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