How the plan’s investments are doing
The board reports annually on the plan’s fund. This section includes highlights from the last year.
The Municipal Pension Board of Trustees reports annually on the plan’s fund. This annual report includes audited financial statements.
Information reported here is current as at the plan’s year end of December 31, 2019. Since then, the COVID-19 pandemic has adversely affected financial markets around the world. Before 2020, the plan had the benefit of more than a decade of positive returns. BCI had anticipated a correction in the financial market for some time and, as a result, the pension fund’s investments were adjusted to reduce risk.
The Municipal Pension Plan is sustainable. The board’s long-term view ensures the security of the basic lifetime pension for every member, from long-time retirees to newly contributing active members.