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, 2020. In 2020, the COVID-19 pandemic and government responses to it led to volatile markets around the world. BCI has been preparing for a market downturn for some time. As a result, when the markets fell in early 2020, the plan was in a strong financial position, with ample liquidity, and was not forced to sell assets.
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.