BC Pension Corporation is one of the largest
pension plan
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...
administrative agents in Canada with assets in excess of . Created in 2000 with the passage of th
Public Sector Pension Plans Act the corporation provides pension administration services on behalf of
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...
'
CollegeMunicipalPublic ServiceTeachers'
and WorkSafeBC
The Workers' Compensation Board of British Columbia, operating as WorkSafeBC, is a statutory agency that came into existence in 1917, after the provincial legislature put into force legislation passed in 1902. This legislation is known as the '' ...
br>pension plans
for each of their plan members and employers.
The corporation collects contributions, processes benefits and issues pension payments, and provides policy, financial and communication services for the five respective boards of trustees. Collectively, the corporation serves approximately 560,000 plan members and 1,100 plan employers as of April 27, 2020, and pays out more than in benefits each month ( a year) to over 181,000 retirees. Laura Nashman is the current chief executive officer of the corporation, beginning in December 2008. Ms Nashman succeeded Gail Stephens who left the corporation in March 2008.
Leadership
Board of directors
* Geraldine Hutchings: Chair, appointed to the Board in 2018. Member of the College Pension Board of Trustees since March 2012. Legal counsel for the Aboriginal Law and Litigation Group within the Ministry of the Attorney General
The Attorney General of Ontario is the chief legal adviser to His Majesty the King in Right of Ontario and, by extension, the Government of Ontario. The Attorney General is a senior member of the Executive Council of Ontario (the cabinet) and ...
.
* Elizabeth Baverstock: Vice Chair, appointed to the Board in 2019. Member of the Teachers’ Pension Board of Trustees since January 2018. President of the Richmond Teachers' Association.
* Weldon Cowan: Member, appointed to the Board in 2011. Member of the College Pension Board of Trustees since September 2005. Staff representative for the Federation of Post-Secondary Educators of BC.
* Philip Twyford: Member. Assistant Deputy Minister and Executive Financial Officer for the Ministry of Health.
* Gary Yee: Member, appointed to the Board in 2015. Member of the Municipal Pension Board of Trustees since January 2014. Pension coordinator and airline coordinator in British Columbia for the Canadian Union of Public Employees
The Canadian Union of Public Employees (CUPE; french: Syndicat canadien de la fonction publique, links=no; french: SCFP, link=, label=none) is a Canadian trade union serving the public sector – although it has in recent years organized workpl ...
.
* Brad Underwood: Member, appointed to the Board in 2018. Member of the Teachers' Pension Board of Trustees. Director of pensions for the Public Sector Employers’ Council Secretariat.
* David Vipond: Member. Member of the Public Service Pension Board of Trustees since 2001. Vice chair of the Public Service Pension Board of Trustees.
* Chan-Seng Lee: Member, appointed to the Board in 2018. Member of the Public Service Pension Board of Trustees since December 2010. Vice president for finance and administration with Partnerships British Columbia Inc.
References
{{Reflist
External links
BC Pension CorporationPublic Sector Pension Plans Act
British Columbia government departments and agencies
Companies based in Victoria, British Columbia
Public pension funds in Canada