News & Updates
Nova Scotia Pension Services Corporation reports increase in net assets, reaching $13.7 billion as of March 31, 2024
August 30, 2024
The Nova Scotia Pension Services Corporation invests assets of the Public Service Superannuation Plan and Teachers’ Pension Plan in Nova Scotia. The corporation has reported an increase in combined assets under management, reaching approximately $13.7 billion as of March 31, 2024, according to its 2023-24 Annual Report, reflecting a year-over-year increase of about $670 million.
The Public Service Superannuation Plan achieved a 7.93% net investment return, raising its funded status to 103.8% and posting a $287 million surplus.
The Teachers’ Pension Plan also saw improvements, with a 7.38% net investment return and an increase in funded status from 75.1% to 78.1%.
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