The WorkSafeBC Pension Plan provides a lifetime pension to retired plan members. More than 7,500 people belong to the plan as active, inactive, limited or retired 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, BCI—the plan’s investment manager—manages the plan's assets, and BC 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 audit the plan’s financial statements annually, in accordance with Canadian generally accepted auditing standards.