Nova Scotia – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Nova Scotia’s PSSP sees 15.75% return: annual report https://uat-cumulus.benefitscanada.com/pensions/defined-benefit-pensions/pssp-posts-strong-profits-annual-report/ Wed, 30 Jun 2021 19:00:10 +0000 https://www.benefitscanada.com/?p=103273 Nova Scotia’s Public Service Superannuation Plan saw a 15.75 per cent return net of investment fees for the fiscal year 2020/21, generating $1 billion in total investment income. The plan’s funded status increased to 97.9 per cent at March 31, 2021, from 91.4 per cent the previous year. Its total net assets were about $7.2 […]

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]]> Nova Scotia providing residents with early access to retirement savings https://uat-cumulus.benefitscanada.com/pensions/governance-law/nova-scotia-providing-residents-with-early-access-to-retirement-savings/ Tue, 15 Jun 2021 13:00:10 +0000 https://www.benefitscanada.com/?p=102116 Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial pension legislation effective July 1, a person may be approved to access part of a locked-in retirement account or life income fund if they expect less than $41,067 in income […]

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]]> Nova Scotia’s PSSP reports 98.5% funded status, halts indexing for five years https://uat-cumulus.benefitscanada.com/canadian-investment-review/db-investments/nova-scotias-pssp-reports-98-5-funded-status-halts-indexing-for-five-years/ Wed, 01 Jul 2020 03:42:05 +0000 https://cumulus.benefitscanada.com/uncategorized/nova-scotias-pssp-reports-98-5-funded-status-halts-indexing-for-five-years/ Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the next five years. According to the plan’s 2020 funded health review, its funding policy prohibits indexing when the PSSP’s funded status is below 100 per cent. […]

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