A message from the WorkSafeBC Pension Plan Pension Committee: November 5, 2020
Your Pension Committee wants to keep you updated on matters related to your pension plan.
Dear plan member,
The COVID-19 pandemic continues to affect our day-to-day life, and we are all adjusting to our “new normal.” During this time, we are committed to keeping you updated on matters related to your pension.
Your pension remains safe
In a tumultuous global environment, it’s reassuring to know your pension stands solid, sustainable and reliable.
Plan investments are broadly diversified and we take a long-term approach to investing. The early foundation laid to prepare the plan’s investment portfolio for a downturn has paid off, and your plan remains well funded.
We are starting to see encouraging but cautious signs of economic recovery. After a sharp decline earlier this year, global equities have experienced a substantial rebound. However, the pandemic is not over. Markets remain uncertain, and it will be some time before we can understand the full extent of the impact on the economy.
We continue to maintain a thoughtful and disciplined investment approach, providing oversight of investments during these unpredictable times. We closely monitor the plan’s investment agent, British Columbia Investment Management Corporation (BCI), and ensure investment-related questions from members are addressed.
Whether you are already receiving your pension or still contributing toward your pension, the plan is in a strong financial position for you.
Improved online services are available to you
As always, pension services continue to be available, and we encourage you to take advantage of the services and resources you can find on the plan website, including through My Account. You can contact the plan’s administrative agent, BC Pension Corporation, anytime through My Account Message Centre, a secure channel for sending and receiving personal messages and attachments online.
Members looking for a quicker, more environmentally friendly way to receive information can opt in to receiving communications through digital channels. If you are already registered for My Account, you can simply sign in, confirm your contact information and select “yes” to go paper-free. You can also change your preferences on the Account settings page at any time.
We remain committed to you
We continue to conduct committee business through secure digital channels, and our work on your behalf remains a priority.
We recognize members are conducting their work in new ways with flexibility and innovation. Thank you for all that you are doing to promote safe and healthy workplaces through this challenging time.
Your Pension Committee