Governance documents

Explore the laws, regulations and internal governance documents that guide BC's Municipal Pension Board of Trustees.


The work of BC's Municipal Pension Board of Trustees is guided by legislation, regulations and plan governance documents, including the following:

Municipal Pension Plan governance documents


2017-2027 Strategic Decision Framework
The strategic decision framework guides the board and its committees in responding to issues, providing context and guidance to service providers and establishing a framework for discussion with plan partners and authorities.
Posted: July 19, 2017

Funding Policy
The Funding Policy outlines the principles that guide the board and its actuary in managing the financial position of the Municipal Pension Plan and maintaining a balance between assets and liabilities.
Posted: May 7, 2019

Statement of Investment Policies and Procedures – July 1, 2019
The Board has adopted a high-level investment strategy, the Statement of Investment Policies and Procedures (SIPP), which includes statements of investment beliefs and performance objectives.
Posted: July 11, 2019

 

Federal and provincial legislation (external links)


Income Tax Act
The Income Tax Act describes the rules and definitions used to determine, among other things, the federal income tax you are required to pay and how you must pay it.

Income Tax Regulations
The Income Tax Regulations outline how to apply the Income Tax Act, including details about calculating taxable income, applying deductions and filing information returns.

Pension Benefits Standards Act
This legislation provides the rules and definitions that apply to provincially regulated pension plans.

Pension Benefits Standards Regulation
Along with the Pension Benefits Standards Act, this regulation applies to provincially regulated pension plans.

Public Sector Pension Plans Act
This provincial legislation established BC Pension Corporation and directs the pension plans governed by the act to retain the services of Pension Corporation as the plan administrator.

Family Law Act
This provincial legislation describes the legal requirements when dividing financial assets after a spousal relationship breaks down.

Wills, Estates and Succession Act
This provincial legislation describes the legal requirements when writing a will and distributing the assets of an estate.