NSPSC Finishes Fiscal Year with More Than $13 Billion in Assets Under Management for The PSSP and The TPP
September 07, 2022
The Nova Scotia Pension Services Corporation finished its fiscal year with more than $13 billion in assets under management for the Public Service Superannuation Plan (PSSP) and the Teachers’ Pension Plan (TPP).
According to its 2021-2022 annual report, the returns for both plans were above respective benchmarks, with PPSP’s investments for fiscal year-end achieving a positive rate of return of 5.56%, while TPP’s investments for fiscal year-end achieved a positive rate of return of 9.63%, net of investment fees.
“The unique circumstances created by the pandemic underscored the importance of maintaining well-diversified assets and adhering to robust investment strategies,” stated NS Pension Board Co-Chairs, Keiren Tompkins and John B. Carter
