Did you know that the Public Service Pension Plan is the largest pension plan in Newfoundland and Labrador with over 55,000 members?
How did we begin?
Financial management and future planning is evolving, and Newfoundland and Labrador has changed with it. In December 2014, the Government of Newfoundland and Labrador (GNL) and the five largest unions in the province announced a Joint Sponsorship Agreement to create an independent pension entity, Provident10. We deliver plan administration services and oversee management of the $6 billion Public Service Pension Plan (the Plan) investment portfolio. We are proud to govern the largest pension plan in the province with over 55,000 members. Learn more about the Plan, our investment strategy, and working with us here.
We are pleased to introduce you to the Public Service Pension Plan (the Plan) and the benefits it provides. As a Plan member, you should become acquainted with the provisions of the Plan when you join and periodically throughout your career or during life events.
The goal of our investment strategy is to produce a well-diversified portfolio of both public and private investments which will ultimately support benefit security. This chart shows the Strategic Asset Mix of the PSPP Fund.
Current Assessment Mix: The chart presented here reflects the asset mix of the Plan as of September 30, 2017.
Provident10 strives to give our employees a chance to make a real difference to the people and province of Newfoundland and Labrador.
We are not currently recruiting for specific positions within Provident10, but if you feel you would be a great fit for our team, please send us your CV by clicking the button below.
VP Systems & Quality
Chief Investment Officer
VP Human Resources & Administration
Randell Earle, David Jones, Jocelyn Perry, John Vivian, Mary Galway, Fred Murphy, Pamela Toope, Bert Blundon, Dawn Learning, Emilian Groch, Loyola Sullivan, Douglas Laing, Anne Marie Miller, & Denise Hamilton.
Provident10 operates in a joint trustee governance structure. We are governed by a Board of Directors, which has been appointed by the Government of Newfoundland and Labrador and the member unions. Learn more about how we're managed here.
The processing of approximately 2,300 Government Money Purchase Pension Plan (GMPP) transfer requests is scheduled to begin by late February, 2018.
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