WorkSafeBC Pension Plan overview
The WorkSafeBC Pension Plan provides pension income to retired plan members and oversees the operation and management of the plan.
The WorkSafeBC Pension Plan provides a lifetime pension to retired plan members. More than 5,600 people belong to the plan as retired, active or inactive members.
The WorkSafeBC Board of Directors is the overall administrator of the plan. It has established a Pension Committee to assist WorkSafeBC in the administration of the plan, with a particular focus on investment and fund management.
Working closely with WorkSafeBC, British Columbia Investment Management Corporation—the plan’s investment manager—manages the plan's assets, and British Columbia Pension Corporation—the plan’s administrative agent—conducts key day-to-day administrative tasks.
An independent actuary assesses the plan’s financial health at least every three years.
Independent auditors annually audit the plan’s financial statements in accordance with Canadian generally accepted auditing standards.